Richart, the very first total digital banking item to be launched in Taiwan, provides cost savings accounts, charge card, micro-investments, micro-financing, currency exchanges, artificial intelligence (AI) based robo advisory services, online insurance coverage buying, card-less ATM withdrawals, and a fully digital KYC process. The platform was awarded the Red Dot Award-Communication Design in 2017, was recognized as the Finest Digital Banking Effort by Asian Banking and Financing Retail Banking Awards in 2017, and was called Taiwan’s Best Customer’s Digital Bank as part of the International Finance’s Best Bank Award 2017.

One business, called Wfly is offering an application that allows the for the “e-management” of insurance policies and includes an expert system (AI) based engine that matches insurance coverage experts with consumers.

“2 major pain points we are resolving here is the trouble of tracking insurance plan and the lack of comprehending about insurance coverage,” Wfly’s Leroy Tsai informed Fintechnews. “Taiwanese consumers are not educated adequate and commission-driven agents may sell unneeded policies.”

DATE 2018 was also the opportunity for business to unveil a few of their latest developments.Rich Maaghul, co-founder and CEO of On-Demand Education Market (ODEM), presented how his company is using blockchain innovation to make higher education more accessible, budget-friendly, portable and verifiable.He highlighted how the flagship ODEM Platform improves the organization

of exceptional instructional experiences and empowers trainees to tailor their education by teaming up with educators.Founded in 1970, TAITRA is Taiwan’s primary nonprofit trade promoting company. Sponsored by the federal government and industry organizations, TAITRA helps business to expand their global reach. Headquartered in Taipei, TAITRA has a group of 1,300 professionals and operates 5 regional offices in Taoyuan, Hsinchu, Taichung, Tainan and Kaohsiung along with 61 branches worldwide. Together with Taipei World Trade Center( TWTC)and Taiwan Trade Center(TTC), TAITRA has actually formed an international network committed to promoting world trade.Featured image: DATE 2018, Taipei, through https://www.ecexpo.com.tw/