Saturday | 16 Dec 2017
Welcome to Digital Opportunity, the ‘all about ICT for Development’ channel, brought to you by OneWorld South Asia that informs on digital inclusion, showcases best practices in the sector and provides space for sharing and collaboration amongst ICT for D practitioners.
About Digital Opportunity
OneWorld websites and resources
Appropriate Technology Choice

Mobile phone becomes the personal banking assistant


07 January 2015

Bookmark and Share

The banks have successfully built up the highly secured ‘virtual banking network’ to their customers providing secured access to financial services, replacing the investment in traditional infrastructures.

Taipei: Since 2008, Taisys (http://www.taisys.com) had been enabling Slim SIM banking services with local banks in China, especially in the rural areas where inadequate financial resources are provided. With Taisys Slim SIM technologies, the banks have successfully built up the highly secured “virtual banking network” to their customers providing secured access to financial services, replacing the investment in traditional infrastructures.

F-Road Shanghai, affiliated to Taisys and a JV with IFC*, provides the “virtual banking network” to its member banks by connecting the banking system to all MNOs in China, together with the Slim SIM as the secure elements. Up to date, more than 1,100 banks in China have been deploying the secure and convenient services using Taisys slim SIM technology, including state owned Agriculture Bank of China and nation-wide Postal Saving Banks of China.

 In Sept. 2014, the monthly transaction figures*reaches 28.36 billion USD, 28% growth rate to the precious month. The fast and reliable services provided by banks and trusted by consumers make “Virtual Banking” no longer a dream. The Slim SIM enables digital signature and encryption over SMS and data network to provide unprecedented security to the banking service, making a regular mobile phone becomes the personal banking assistant.

Secure Element that provides ownership of customers

CEO of Taisys, Jason Ho expresses, “The Slim SIM is the only secure element that strictly complies with ETSI/3GPP standards for the banks to deploy virtual banking with ownership of customers. As a GSMA associate member, we are dedicated in improving the technology evolution in order to include none-telco parties such as banks to serve their customers better in the mobile society. We are pleased to present the scale of the transaction size that is secured by our technology.”

 
Global Goals 2030
festival ECONOMIA trento
Helpi - your personal safety app
EVENTS & ANNOUNCEMENTS
» Online climate conference
Online,  November 5, 2012.
» Open Knowledge Festival 2012
Helsinki, Finland,  September 17,2012.
» ITU Green Standards Week
39, quai du Président Roosevelt 92130 Issy-les-Moulineaux, France,  September 17

Digital Opportunity channels and collaborative projects include:
Ek Duniya Anek Awaaz OneWorld Open Knowledge Network ItrainOnline TIKI the Penguin, Kids Channel
Digital Opportunity