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Web-only banks' losses continue to mount: FSC data

Bringing Taiwan to the World and the World to Taiwan ....

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A List of Digital Banks in Asia | Fintech Singapore

From as far east as South Korea to as far south as Malaysia, what are the most prominent digital first banks in Asia in 2023? ....

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LINE Bank incurs NT$2.2 billion in losses, plans capital hike: FSC

Taipei, March 30 (CNA) LINE Bank, one of the three web-only banks in Taiwan, is planning to raise its capital size to strengthen its capital structure after reporting a loss of about NT$2.2 billion after less than one year of full operations, according to the Financial Supervisory Commission (FSC). ....

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Chunghwa Telecom-backed internet-only bank begins full operations

Taipei, March 29 (CNA) Next Bank, owned by a consortium of commercial and financial interests led by Chunghwa Telecom, began full operations Tuesday, bringing the number of internet-only banks in Taiwan to three. ....

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Web-only insurers must have NT$1 billion in capital: FSC

Taipei, Dec. 22 (CNA) The Financial Supervisory Commission (FSC), Taiwan's top financial regulator, will allow Internet-only insurance companies to operate while imposing a minimum capital requirement of NT$1 billion (US$35.97 million). ....

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