Taiwan, Poland sign MOU on financial technology cooperation

Taiwan and Poland signed a memorandum of understanding (MOU) Tuesday on cooperation in the development of financial technology. The cooperation agreement was signed by Wellington Koo (顧立雄), chairman of the Financial Supervisory Commission (FSC), and Marek Chrzanowski, chairman of the Polish Financial Supervision Authority (KNF). The MOU covers cooperation in a wide range of areas, including the establishment of an information sharing system and an innovative enterprises referral mechanism between the two supervisory agencies, as well as the introduction of innovative projects, according to the FSC. The agreement is expected to promote supervisory cooperation between the FSC and the KNF in the development of financial technology, create more opportunities for the financial technology industries in the two countries, and help these industries to explore international markets, the FSC said.

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