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FinTechOn 2024 Returns with Spotlight on Virtual Asset Regulations and Countering Fraud

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TAIPEI, Oct. 15, 2024 /PRNewswire/ — The fifth FinTechOn conference is set to take place on 4 November 2024, directed by the Taiwan National Development Council and hosted by the Taiwan FinTech Association (TFTA) at Grand Hyatt Taipei.

With ‘Dawn Light: Virtual Asset Regulation and Anti-Fraud Actions’ as this year’s theme, the one-day annual forum expects to gather over 350 attendees. It convenes top-tier executives, regulators, government officials, law enforcement, and the most influential figures who shape the future of FinTech globally. Registration to FinTechOn 2024 is now open.

Some of the distinguished speakers include Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS); Peter Kerstens, Advisor for Financial Sector Digitalization and Cybersecurity in European Commission; Seiji Yuki, Executive Managing Director of Japan Virtual and Crypto Assets Exchange Association (JVCEA) and Co-founder and Executive Managing Director of the Japan Cryptoasset Business Association (JCBA); Brian Byagaba, Head of FinTech Abu Dhabi Global Market (ADGM); Angelina A. Kwan, Former Managing Director and Head of Regulatory Compliance for Hong Kong Exchange and ClearingHsi-Ho Huang, Director of Securities Firms Division at Taiwan Financial Supervisory Commission; and Wayne Lo, Head Prosecutor of Taiwan Shilin District Prosecutors Office.

“FinTech is not just about the changes in finance and technology, but the impact it has on human behavior and the way our economy and society operate,” said Jaclyn Tsai, Honorary Chairwoman of TFTA and former Minister without Portfolio of Taiwan’s Executive Yuan in charge of digital policies. “AI and blockchain are two key technologies shaping the future of FinTech, while also presenting significant challenges. We find ourselves at a crucial juncture and FinTechOn 2024 is a unique platform where we exchange learnings from global experiences for better practice in regulation and combating crimes.”

Another highlight will be the presence of Asia FinTech Alliance (AFA), an international platform launched at the Singapore FinTech Festival (SFF) last year, with 14 association members representing 14 Asian economies. Jaclyn Tsai currently serves as the Chairwoman of AFA.

According to the FBI’s report released last month, victims reported over $5.6 billion in cryptocurrency-related fraud in 2023, a 45% increase from the previous year. To address this pressing issue, a cross-border joint defense network and private-public collaborations are essential. Real case studies will be presented at the forum, showcasing the strength of partnerships between law enforcement and industry.

Additionally, AFA members will sign a memorandum of understanding (MOU) to collaborate on anti-fraud initiatives. AFA and KPMG Taiwan are set to launch the whitepaper Riding the Wave: Exploring the FinTech Frontier, which maps out the FinTech landscape in Asia. AFA members will participate in these two key sessions both in person and online.

FinTechON 2024 is directed by the Taiwan National Development Council, hosted by TFTA, and supported by Taiwan Association For Blockchain Ecosystem Innovation (TABEI), and XREX Group. The organizers would also like to thank HOYA BIT, MaiCoin Group, Taiwan Mobile Co., Ltd., ZONE Wallet, Cathay Financial Holdings, Lee, Tsai & Partners, Attorneys-at-Law, LYODS System Limited, and Bito Group for their valuable sponsorship.

AFA and its association members have joined as international community partners of FinTechOn 2024, including Korea FinTech Industry Association (KORFIN), Elevandi Japan, Philippines’ Fintech Alliance.Ph, FinTech Association of Malaysia (FAOM), Thai FinTech Association (TFA), FinTech Association of Hong Kong (FTAHK), Singapore FinTech Association (SFA), Fintech Indonesia, Mongolian Fintech Association (MFA), Cambodia Association of Finance and Technology (CAFT), FinTech Alliance Nepal, Vietnam Fintech Club, and India’s Fintech Convergence Council (FCC).

General Chamber of Commerce of the Republic of China, Monte Jade Science and Technology Association (Taiwan), Taipei Foundation of Finance, Chinese Arbitration Association, Taipei (CAA), Technology and Digital Application Committee in the General Chamber of Commerce, Taiwan Internet and E-Commerce Association (TiEA), Digital Trust Association in Taiwan, Taiwan Virtual Asset Service Provider Association, Taiwan Blockchain Academia (TBA), and Taiwan Virtual Asset Anti-money Laundry Association (TVAAA) are among the community partners supporting FinTechOn 2024.

Registration for SFF 2024 is now open. For partnership, media coverage, and collaborations, please contact us at yoyoyu@tfta.com or contactus@fintech.org.tw

About Taiwan FinTech Association (TFTA)

The Taiwan Fintech Association (TFTA) is a non-profit organization that aims to promote the development and innovation of financial technology (fintech) in Taiwan. It was established in 2017 and has since become one of the leading voices in the fintech industry in Taiwan.

TFTA advocates for regulatory policies and measures that support fintech innovation both domestically and internationally. TFTA has strong connections with government units, industry stakeholders, and international organizations. TFTA serves as a crucial platform for connecting, collaborating, and facilitating development within the Taiwan fintech community.

TFTA is an official member of the Asia Fintech Alliance (AFA), which is an alliance comprising FinTech associations from various Asian countries and regions.

This strategic partnership between TFTA and the AFA enables Taiwan to actively engage with the wider Asian FinTech community, aligning with regional trends and amplifying the country’s influence in the global FinTech landscape.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/fintechon-2024-returns-with-spotlight-on-virtual-asset-regulations-and-countering-fraud-302275266.html

SOURCE Taiwan FinTech Association (TFTA)

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Introducing TuniTuni to Malaysia: Korea’s No. 1 Storytelling Play Gym Now Open in Kuala Lumpur

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KUALA LUMPUR, Malaysia, Oct. 15, 2024 /PRNewswire/ — With the arrival of TuniTuni, Korea’s No. 1 storytelling play gym, a world of adventure and learning awaits young children in Malaysia. Launching its first center in Malaysia on October 13th, TuniTuni brings a fresh approach to early childhood education for children ages 1 to 5, combining movement, imagination, and real-life scenarios to foster physical development, emotional intelligence, and a lifelong love for activity.

With a rich history since 2003, TuniTuni has become a key part of early childhood education in Korea. In fact, one in six Korean children has experienced its unique blend of learning and play. What sets TuniTuni apart, is its ever-changing weekly program, which ensures children stay engaged and excited with new topics and activities each week.

At TuniTuni Malaysia, children develop gross and fine motor skills through carefully crafted play materials and guided activities. Each session is designed to encourage kids to try new movements, explore creative topics, and learn through hands-on play. Storytelling is at the heart of every activity, helping children retain knowledge while keeping their curiosity alive.

TuniTuni’s mission is simple: to build confidence in physical activity and explore movement as a natural part of children’s lives. Through step-by-step exercises designed for success, TuniTuni helps children cultivate a positive attitude toward physical activity from an early age. At the same time, TuniTuni creates meaningful connections between parents and children, fostering shared experiences that strengthen family bonds. The joyful memories made during these early years will last a lifetime.

Parents eager to discover more about TuniTuni Malaysia can take advantage of the special Opening Promotion, which includes a Free Trial Class, a Registration Fee Waiver, and exclusive gifts like a TuniFriends Doll or Ball and a TuniTuni T-shirt (while stocks last). To sign up, contact +6012-227 1670 or message TuniTuni Malaysia on Instagram and Facebook.

The TuniTuni center is located at United Point Mall, Unit 1-08 & 1-09, First Floor, No. 10, Jalan Lang Emas, 51200 Kuala Lumpur. Parents are welcome to visit anytime. For more details, visit the TuniTuni global website at tunituniglobal.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/introducing-tunituni-to-malaysia-koreas-no-1-storytelling-play-gym-now-open-in-kuala-lumpur-302275782.html

SOURCE TuniTuni Malaysia

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UnionPay International Signs MOU with Vietnam’s NAPAS

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China-Vietnam QR code interoperability speeds up

HANOI, Vietnam, Oct. 15, 2024 /PRNewswire/ — On October 13, UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) signed a Memorandum of Understanding (MOU) in Hanoi. Both parties agree to deepen the collaboration on cross-border QR code interoperability and enable QR payments by UnionPay and Vietnamese local bank applications/e-wallets on each other’s networks, so as to enhance the experience of users from both countries. Mr. Dong Junfeng, Chairman of UnionPay International, and Mr. Nguyen Quang Hung, BOD Chairman of NAPAS, attended the signing ceremony.

Mr. Dong Junfeng said that UnionPay, as China’s important financial infrastructure and a leading global card scheme, while improving its own acceptance network, has been actively driving interoperability with payment networks in international markets to build an open and inclusive ecosystem. This partnership model has been widely implemented in ASEAN countries. The collaboration in Vietnam, as the latest achievement, will provide convenient payment services for the Chinese and Vietnamese as they travel across borders, help both countries promote the high-quality cooperation of the Belt and Road Initiative, and contribute to China’s high-standard opening up.

On August 19, 2024, the central banks of China and Vietnam signed an MOU to further promote collaborative efforts in areas including cross-border payment interoperability. In line with this framework, UPI has been deepening collaboration with NAPAS and will open up the UnionPay network to Vietnamese wallets on a large scale. In the future, Vietnam’s local banking app and e-wallet users will be able to scan UnionPay QR for payment in China’s mainland.

The collaboration is significant in that it enhances UnionPay’s service capability to support both inbound and outbound payments, making payments easier for Vietnamese visitors to China. In addition, it helps drive the transformation of the payment industry in Vietnam by supporting local banking apps and e-wallets to expand their use only in domestic but also in the partner country. Moreover, it sets an example of payment network collaboration for the neighboring countries and brings network linkages between China and ASEAN countries to a new level.

Network interoperability is UnionPay’s innovative collaboration model for QR networks, which allows UnionPay and its international partners to quickly enable mutual acceptance on a large scale through simple integration. The model has been widely recognized by international industry stakeholders since its launch. Up to now, UnionPay’s partnerships with QR code networks in South Korea, Sri Lanka, Cambodia, Malaysia and Laos have increased the number of UnionPay QR merchants to 8 million outside China’s mainland, proving to be increasingly effective as it scales up.

UnionPay’s acceptance network has been extended to 183 countries and regions. Outside China’s mainland, over 69 million online and physical merchants support UnionPay cards, and nearly 250 million UnionPay cards have been issued in 83 countries and regions. In Southeast Asia in particular, UnionPay has been enabled for over 90% ATMs and POS terminals, and UnionPay mobile payment is available in all ten ASEAN countries. A total of nearly 50 million cards have been issued in the region and 30+ UnionPay-powered wallets launched. In Vietnam, more than 90% of merchant POS terminals take UnionPay cards, over 60,000 merchants support QR payments, and multiple local organizations have issued UnionPay cards on a large scale and launched UnionPay-powered wallets.

View original content:https://www.prnewswire.com/apac/news-releases/unionpay-international-signs-mou-with-vietnams-napas-302275800.html

SOURCE UnionPay International

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The Enterprise Asia Linchpin of Asia Awards 2024 commemorates Taiwan Alpha Electronic Co., Ltd.

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SINGAPORE, Oct. 15, 2024 /PRNewswire/ — The prestigious Enterprise Asia Linchpin of Asia Awards 2024 showcased the pinnacle of excellence among Asia’s most distinguished industry leaders and enterprises, with a grand celebration at the Bangkok Marriott Hotel The Surawongse, Thailand. Organized by regional NGO Enterprise Asia, the Linchpin of Asia Awards is a premier recognition program dedicated to honoring only the most excellent and elite industry leaders and enterprises exclusively selected across Asia.

Taiwan Alpha Electronic Co., Ltd. (Taiwan Alpha) embarked on its journey in 1970 as the pioneering potentiometer manufacturer in Taiwan that specializes in designing and manufacturing potentiometers, switches, and encoders, which are widely utilized in professional audio, lighting, and home appliances. Over the years, Taiwan Alpha has solidified its position as a key player in this field, establishing a robust presence in the market.

Despite its market position in industry, Taiwan Alpha remains committed to challenging itself, embracing competition, and pursuing growth. Through strategic planning and consistent investments in research and development, the company has successfully integrated flexible membrane sensors—including force, stretch, bend and position sensing—into its core business, while also tapping into emerging markets such as wearable devices and rehabilitation.

In recent years, Taiwan Alpha has experienced significant growth and development. Despite maintaining a consistent number of offices, the company strategically expanded its manufacturing capabilities to meet the growing demand for membrane sensors. Through initiatives like automation, which streamlines operations, boosts production capacity, and cuts lead times, demonstrating the company’s commitment to operational excellence. This has resulted in a more efficient workforce, increased competitiveness, and enhanced overall customer satisfaction.

Financially, Taiwan Alpha has consistently been profitable even during the COVID-19 pandemic. This enduring profitability is attributed not only to operational excellence initiatives but also to comprehensive asset management practices, including a thorough inventory assessment and the effective utilization of existing assets. These ensure the company’s resource optimization and provide a healthy financial structure for sustainable growth.

To expand its international presence, Taiwan Alpha has implemented various strategies. These include participation in overseas exhibitions and the formation of active partnerships with distributors, aiming to diversify its customer base and establish a stronger foothold in new markets. Moreover, by analyzing customer inquiries and product interest levels during exhibitions, Taiwan Alpha refines its investment focus on areas with the most potential, further enhancing its market penetration strategy.

As a company spanning over 50 years, Taiwan Alpha recognizes the importance of a succession plan for sustained success. The company prioritizes nurturing internal talent and grooming future leaders through investments in professional development and advancement opportunities. This strategic approach aims to build up a robust leadership pipeline, positioning Taiwan Alpha for enduring success.

This recipient of the prestigious Linchpin of Asia Award has established its position as a leading force in the manufacturing industry. This recognition underscores the company’s significant influence on the Asian business landscape.

PR Newswire is the Official News Release Distribution Partner of the Enterprise Asia Linchpin of Asia Awards 2024.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.

About Enterprise Asia Linchpin of Asia Awards

The prestigious Enterprise Asia Linchpin of Asia Awards is a premier recognition program dedicated to honoring only the most excellent and elite industry leaders and enterprises exclusively selected across Asia. The award honors the best business leaders and enterprises in Asia who have triumphed in the ever-changing waters of business, forging success at the peak of their respective industries. For further information, please visit www.apea.asia/linchpinofasiaawards.

View original content:https://www.prnewswire.com/apac/news-releases/the-enterprise-asia-linchpin-of-asia-awards-2024-commemorates-taiwan-alpha-electronic-co-ltd-302275801.html

SOURCE Enterprise Asia

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