What are some interesting Fintech teams at Meet Taipei 2021?

Meet Taipei is a new innovation exhibition held every year since 2011 by "Digital Age". If you are a new entrepreneur, Meet Taipei is almost the best exposure opportunity. Also because almost all the exhibitors are new entrepreneurs, they are relatively novel applications in terms of content and subject matter, and it is also a good place for Mark to quickly update the development of different industries.

Although the number of foreign exhibitors has decreased a lot due to the epidemic in the past two years, making the overall scale a little smaller, it is still worth visiting on the whole. If friends who are concerned about the Fintech field are too late to visit the exhibition, Mark will introduce some noteworthy teams in 2021. The following order is in accordance with the order of the teams that Mark visited that day.

TradingValley #SmartFinance

An intelligent financial algorithm development company that combines AI and quantitative investment , so that the general public can enjoy professional and affordable automated asset management services without making any investment decisions.

Since TradingValley does not have an investment advisory license in Taiwan, it has not yet provided general public services. Currently, it mainly cooperates with financial institutions to build an exclusive AI and intelligent financial management team.

Last year, it launched its own brand 2C service, Growin , in the United States. It uses AI technology to improve the efficiency of asset allocation and individual stock investment. The main customer group is the Chinese in the United States. Let the robot financial management service cut into the long-tail market of the general public from the mid-to-high end, and increase investors' income. possibility of profit.

The first time Mark heard about TradingValley's service was on a pitch occasion. He was very interested in their service at the time, so he also tried their service in the United States. This smart financial management service is for people who are as busy as Mark. It really saves a lot of time. Currently, we are integrating the relevant data of cryptocurrencies, and we will have the opportunity to add them to the configured assets in the future.

In the future, TradingValley will have the opportunity to provide relevant US stock purchase recommendations through cooperation with brokers in Taiwan. You can look forward to it. If you are interested in Growin's services, you can also use Mark's referral code D7V5TR to get two months of free management fees.

Lawsnote #regtech

Founded in 2016, it started to provide online legal search services. It is known as the google of the legal world . Currently, nearly 70% of law firms in Taiwan use Lawsnote to search for legal information.

Recently, Lawsnote has turned to B-side services, focusing on the legal compliance system of the financial industry. The financial industry often needs to carry out risk assessment or adjust its internal regulations in response to the revision of government regulations. In the past, most of the inspections were performed manually, which took a lot of time and manpower.

Lawsnote uses its powerful legal database and machine learning technology to connect government laws and internal regulations of financial institutions. When there is any amendment to the laws, the relevant internal regulations will be picked out and adjusted or simulated more easily. , which greatly simplifies the complicated and trivial legal compliance process in the past.

Mark has encountered Lawsnote many times when he was stationed in New Taipei Chuanglifang in the past to share his entrepreneurial experience, so he has been paying attention to their dynamics. What is more interesting is that this is a T-shaped team , including members of law, finance, data scientists and engineers. Therefore, the corresponding competition threshold is very high.

In the future, in addition to the financial industry, Lawsnote will also need to pay attention to environmental regulations in other industries, such as the technology industry, and the food safety law in the food industry. Therefore, Lawsnote will also apply tracking and regulatory services to more industries.

LinenData#SmartFinance

Linen's main products include Moneybook linen bookkeeping, invoice passbooks, and corporate bookkeeping software "NexTrek". What everyone is less exposed to is InvosData, and its customers are mostly brand-end. This service is collected through the group's products. Provide customers with more real-time and accurate consumer behavior insights , allowing customers to conduct more accurate data analysis.

Compared with other companies that provide consumer data, the advantage of Linen is that its data base is large enough , and it does not need to rely on the previous method of monetizing with human heads. In addition to helping to resolve people's concerns about privacy, in terms of business models, in addition to advertising In addition to delivery, data can also be monetized in more diverse ways.

When Mark used to work in the United States, he used Mint, an application similar to linen accounting, so he hoped for a similar service when he returned to Taiwan. However, at that time, Moneybook was boycotted by most banks in Taiwan, and the service was also suspended.

Later, as the concept of open banking became popular, under the leadership of the new team, Azabu Accounting finally found the pace of cooperation with the financial industry, actively introduced various information security standards , and now it has become one of Mark’s favorite Fintech services.

Linebook is one of the successful cases of Taiwan's open banking policy, and the number of users has now reached 600,000. Entering the stage of Open Banking 3.0, it will deepen the application of data, and in the future, PChome will also have the opportunity to have more in-depth cooperation on payment-related issues.

AuthMe #regtech

It mainly provides innovative document inspection, facial recognition and live detection systems, and can resist Deepfake attacks. It is a one-stop eKYC solution company.

In the past, the liveness detection system required the user to turn his head in front of the camera according to the instructions. AuthMe checks the status of the facial blood vessels through the camera, so there is no need to turn the head. For the verification of the certificate, the forged ID card can be found by detecting whether the certificate has been altered or retouched.

What is more special is that in October this year, LINE Bank used AuthMe's Mobile NFC solution to read the natural person's certificate with a mobile phone and authorize the MyData platform connected to the government for identity verification, finally freeing the general public from the shackles of card readers. .

In the past, there were not many manufacturers of authentication solutions in Taiwan, so Mark always consulted foreign companies for cooperation. However, with the increasing demand for digital transformation in China, verification and identification of "the real identity of the user" has become another key point, so Taiwanese manufacturers like AuthMe are gradually providing services.

In the future, AuthMe will focus on NFC identity authentication, for example, it is used in important exams and tests to confirm the identity of candidates, NFC reads passport data and flight schedules, and integrates vaccine administration information.

BZNK #corporatefundraising

Small and medium-sized enterprises in Taiwan often face the problem of fast payment but long bill collection period, especially in the construction industry. As a result, the bigger the business, the tighter the cash flow, and often face the situation of insufficient working capital. However, in addition to providing matching funds, BZNK In addition to the services of SMEs, it also starts from the most fundamental balance sheet to assist them in the activation of assets , so that the financial management of small and medium-sized enterprises can be improved. It is known as the financial steward of small and medium-sized enterprises .

By cooperating with Far Bank Bankee community bank , BZNK utilizes Far Bank Bankee's complete cash flow connection service to make investment faster and more convenient, and provide complete cash flow services for small and medium-sized enterprises, micro-merchants and investors with capital needs. For the people and enterprises to do a good job of financial flow control, to ensure the safety of transactions.

Mark and BZNK are the teams of the same phase of the National Taiwan University Innovation and Innovation Accelerator, and they also settled in the Financial Innovation Park. From the beginning, there was only the account transfer service of coupons, to the current corporate project financing and real estate mortgage financing. Consolidate the leading position in fundraising for SMEs.

In the future, BZNK will focus on the activation of corporate assets and serve more small and medium-sized enterprises in Taiwan. Especially due to the impact of the epidemic, many companies are facing the need for digital transformation and will have the opportunity to face the next wave of outbreaks.

There are many excellent Fintech teams at Meet Taipei, but there is not enough time on the day, so there is no way to interview them one by one. If there is a chance in the future, I will introduce more in Podcasts or articles.

In the Fintech field at the exhibition, cryptocurrency-related industries are still the most popular. Although there is a financial technology area, the flow of people is still less. This year, most manufacturers are mainly looking for business cooperation, because after the epidemic, almost all brick-and-mortar stores have switched to online sales, and the incentive to come to brick-and-mortar exhibitions to acquire customers is relatively low.

Visiting Meet Taipei is more like fast charging. Sometimes you stay in your own industry for a long time, and you can come out and see the models of other companies and you will have a lot of different ideas. If you also go to the exhibition, you can share with Mark what you think!