DBS Bank opens Fintech R&D center in Taiwan
Taipei, Jan. 12 (CNA) Singapore-based DBS Bank has opened its third financial technology (Fintech) research and development center in the world in Taiwan, company executives announced at a news conference Tuesday.
Lim Him Chuan (林鑫川), general manager of DBS Bank (Taiwan), said the COVID-19 pandemic has increased demand for digital financial services, and his bank decided to set up an R&D center in Taiwan to build a lead over its local rivals in fintech development.
Lim said the bank wants to take advantage of Taiwan's large pool of technology professionals to integrate the bank's financial resources and provide fast and comprehensive services to its clients.
Also at the news conference, DBS Bank (Taiwan) technology head Rock Tsai (蔡祈岩) said the bank's first fintech R&D center was set up in Singapore, where it is headquartered, and the second was established in India because of that country's big pool of tech experts.
The decision to put a third center in Taiwan was made because it has done well in dealing with the COVID-19 pandemic and, more importantly, it is a high-tech manufacturing base for many global brands, Tsai said.
According to DBS Bank (Taiwan), the latest center is planning to recruit at least 30 information technology experts in Taiwan by the end of the second quarter.
Tsai said the bank's recruitment drive will focus on giving students greater exposure to the fintech field, as most information technology and information engineering graduates in Taiwan have their sights set on careers in science parks and semiconductor companies.
He said that if Taiwan hopes to become an international financial hub, it will need to cultivate talent in this field.
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