CTBC Financial Holding Co (中信金控) last year clinched 304 awards in domestic and global rankings for finance groups, with subsidiary CTBC Bank (中國信託銀行) netting five “Best Bank in Taiwan” awards from renowned international media outlets: The Banker, Global Finance, Asiamoney, FinanceAsia and Euromoney.
The financial conglomerate was also the only Taiwanese financial institution to receive the “2023 Global Finance Best Consumer Digital Bank” award, securing its leadership in the nation’s banking sector.
CTBC Bank’s performance over the past year continued a tradition of excellence in anti-fraud technology, innovation and finance sustainability.
Photo courtesy of CTBC Bank Co
In collaboration with the National Police Agency, the bank installed the CTBC Smart Anti-Fraud Mule Alert System in 7,000 ATMs nationwide.
The system automatically detects and alerts the police to accounts that engage in suspicious transactions.
Additionally, the bank rolled out the “CTBC Aegis Robot,” a real-time fraud detection system that can perform 10,000 parameter and model computations within 30 milliseconds of a cardholder’s transaction, leading to the interception of NT$1 billion (US$32.23 million) of fraudulent transactions.
These accomplishments led to international accolades including the award for “Best Information Security and Fraud Management in Asia Pacific” from Global Finance.
As part of its digital innovation strategy, the bank last year released the CTBC Bank Payment Facilitating App across iOS and Android operating systems, enabling clients to use cellphones to receive credit card payments. The technology allows small merchants to overcome acquirer limits, while easing the franchising operations of larger businesses.
For this achievement, CTBC Bank won the “Gartner Eye on Innovation Award” for financial services for the Asia-Pacific.
In partnership with JGB Smart Property Co (金箍棒智慧物管), Taiwan’s only cross-country property technology innovation company, the bank additionally created a package of proptech financial services that won recognition from the International Data Corp (IDC) as the” Most Innovative Bank in Asia” last year.
Separately, CTBC Financial Holding’s subsidiary Taiwan Life Insurance Co (台灣人壽) garnered 56 digital innovation prizes including the IDC award for “Asia’s Most Resilient Insurer,” which was awarded for the creation of an artificial intelligence insurance coverage platform that streamlined the insurance claim process.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
MediaTek Inc (聯發科) yesterday said it is teaming up with Nvidia Corp to develop a new chip for artificial intelligence (AI) supercomputers that uses architecture licensed from Arm Holdings PLC. The new product is targeting AI researchers, data scientists and students rather than the mass PC market, the company said. The announcement comes as MediaTek makes efforts to add AI capabilities to its Dimensity chips for smartphones and tablets, Genio family for the Internet of Things devices, Pentonic series of smart TVs, Kompanio line of Arm-based Chromebooks, along with the Dimensity auto platform for vehicles. MeidaTek, the world’s largest chip designer for smartphones
TECH PULL: Electronics heavyweights also attracted strong buying ahead of the CES, analysts said. Meanwhile, Asian markets were mixed amid Trump’s incoming presidency Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday closed at a new high in the wake of a rally among tech stocks on Wall Street on Friday, moving the TAIEX sharply higher by more than 600 points. TSMC, the most heavily weighted stock in the TAIEX, rose 4.65 percent to close at a new high of NT$1,125, boosting its market value to NT$29.17 trillion (US$888 billion) and contributing about 400 points to the TAIEX’s rise. The TAIEX ended up 639.41 points, or 2.79 percent, at 23,547.71. Turnover totaled NT$406.478 billion, Taiwan Stock Exchange data showed. The surge in TSMC follows a positive performance
RSS