TAIPEI (Taiwan News) — Taiwanese financial companies are showcasing their AI applications at the Taipei International Finance Expo, featuring innovations such as AI credit card assistant services, fraud prevention systems, and policy analysis and recommendation tools. CNA Reported.
3 days eventThe event, which opened on Friday at the Taipei World Trade Center, will feature more than 400 international exhibitors. Organizers have also set up zones for financial planning, investments, real estate and digital assets.
At the opening ceremony, Financial Supervisory Commission Chairman Peng Jin-lung said that Taiwan’s stock market has grown significantly over the past 30 years, highlighting its potential. In July, the government opened Established the Asian Asset Management Center in Kaohsiung to attract international investment and strengthen the local financial sector.
At the expo, CTBC Bank unveiled an AI credit card assistant that can analyze users’ spending habits and provide security alerts. The bank also exhibited an AI fraud prevention system that combines AI-powered image analysis and security verification. The system is expected to be installed in more than 500 ATMs by next year.
To strengthen fraud prevention, the bank has built an interbank surveillance network that uses AI technology and data from the Taiwan Financial Information Bureau to detect abnormal transactions, allowing banks to identify suspicious accounts.
Cathay Financial Holdings also showcased a new digital insurance platform that gives policyholders easy access to policy information. The company’s subsidiary Cathay United Bank demonstrated AI customer service for key banking questions, and Cathay Securities showcased information about its ETF offering.
Fubon Financial Holding introduced an AI-powered underwriting system that reduces processing time per application from 50 minutes to 25 minutes. Its subsidiary Taipei Fubon Bank has been operating an AI customer service platform since 2021, responding to more than 80% of inquiries.
E Sun Financial Holding also has an experience zone on display at its booth. The company uses AI technology to provide visitors with personalized investment advice and fraud prevention tools, while also turning online banking services into a game to help them better understand financial services.
