Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Taiwan, Cambodia Collaborate to Expand Fintech

Taiwan’s Industrial Development Bureau, Ministry of Economic Affairs (MOEA) has witnessed a strategic partnership agreement between a Taiwan-based software provider and the leading system integrator in Cambodia. The collaboration aims to combine the Cambodian company’s local network and connections in Cambodia’s financial and government sectors with the Taiwanese company’s robust “Taiwan Experience” in fintech to gear toward the digital upgrade of the financial industry in Cambodia.

Sponsored by the MOEA, the two parties exchanged views on potential markets and customers in Cambodia and their mutual interests, and further completed the signing of product distribution. Moreover, both parties have committed to providing an international digital user experience for users in Cambodia.

The Taiwanese company is confident to have a successful business expansion in the booming Southeast Asian market. The Taiwanese company has established branches in Vietnam and Singapore since 2019, striving to bring a successful digital transformation experience to the new southbound market.

Despite the business disruption caused by the COVID-19 pandemic in the past two years, the Taiwanese company has obtained several overseas customers, including a major electric car manufacturer in the United States, Vietnam’s biggest pharmacy retail chain and property insurance corporation. As the Cambodian government is devoted to supporting local companies with its 15-year digital economy plan to drive fintech innovation, this collaborative partnership aims to accelerate digitalisation in finance in Cambodia.

As both companies have years of dedication to the FinTech domain area, this strong alliance will bring the Cambodian market more convenient and high-quality digital services, and further unlock business opportunities of smart finance and smart government.

With the government’s supports, there has been a rising consumption ability and an emerging digital transformation market as a result of the rapid economic growth in the Southeast Asian countries. Taiwan’s geographical advantages, years of FinTech commitment, similar consumer culture, exceptional customer service, product localisation and flexibility all give Taiwan a competitive edge.

Regarding Taiwan’s fintech landscape, the Financial Supervisory Commission (FSC) has unveiled its fintech development roadmap, relaxing its regulations on consumer data sharing and corporate account opening while introducing a new fintech license. Financial holding companies’ subsidiaries would be allowed to share consumer data with one another if they have obtained their customers’ consent. This would help companies in assessing risks in doing business with new clients.

As reported by OpenGov Asia, Taiwan has collaborated with many countries and organisations, including with the European Union (EU) on conducting comprehensive policy discussions on major issues of digital economy development. The collaboration further enhanced the partnership on promoting the global digital economy between the two parties.

Taiwan and EU exchanged views on overall digital policies to promote digital economy on major topics such as research and technology cooperation, Artificial Intelligence (AI), cybersecurity certification, data economy, and digital connectivity, as follows:

  • Research & Technology Cooperation: Taiwan and the EU have a solid foundation for long-term cooperation in the field of scientific research, and each has its own fields of expertise. The two parties exchanged their current status of technology and industrial applications in AI, 5G/beyond 5G, microelectronics and smart systems, and expressed high interests in further joint cooperation on advance research in the aforementioned fields (including AI chip design and AI architecture, Open RAN), industrial integration applications (such as smart manufacturing), and the cultivation and exchange of talents.
  • AI: Taiwan and the EU agreed that expanding international cooperation in the field of AI is critical to accelerating the development of AI, and will jointly promote the establishment of global technical standards for interoperable and trustworthy AI.
  • Data Economy: In the digital age, data is considered a strategic asset. Taiwan has considerable practical experience in big data applications, such as e-maps for face masks and online databases of actual prices of real estate transactions.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.