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🌍
Jurisdiction
Taiwan
📅
Effective Date
2019
Oct 1, 2019
✅
Full Compliance
2023
Dec 1, 2023
🏛️
Regulator
Financial Supervisory Commission
Overview
Taiwan's three-phase Open Banking rollout covers public information, consumer information, and transaction information. Banks connect through the FISC (Financial Information Service Co.) hub. Market-driven approach with regulatory oversight.
Scope & Coverage
AISPISProduct Information
Key Requirements
1
FISC hub connectivity2
Phased implementation3
TSP licensing4
Security standardsImplementation Timeline
Nov 1, 2018
FSC assigned Bankers Association and FISC to develop Open Banking program
Sep 1, 2019
Phase 1: OpenData - credit card, fund, mortgage rates, public information
Jan 1, 2021
Phase 2: Customer data - financial account and transaction information
Key Notes
Hub-and-spoke model via FISC. All major banks participating.
Official Resources
Related Regulations
Other open banking frameworks in Asia:
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