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After evaluated the status quo of Taiwan fintech industry, implementing API service models into financial services, including financial data, payment services, and transaction services, seems to be the most efficient way to empower Taiwan fintech innovation. With regards to it, Digital Sandbox has set up two major co-innovation themes: the "Wealth Management" and the "Internet of Things Innovation Finance (IoT Finance)".

Wealth Management: Aiming to strengthen digital innovations in industries, Digital Sandbox gathers market transaction data, driving the key wealth management technologies for the development of data innovation and market applications.

IoT Finance: By focus on payment innovation, eKYC, and Regtech etc., Digital Sandbox expects IoT Finance to start a well common digital environment of financial industry.

In order to provide Digital Sandbox innovators a whole picture about how to access Digital Sandbox resources, and meet the regulatory security level, Digital Sandbox will host Regular Workshops, and staying closely to each innovator and assist them to get familiar with the working mechanism.

Moreover, to acting in concert with Taiwan government policies, Digital Sandbox will also invite representatives from related government departments, industries, and academic sectors to join the workshops. Through workshop, Digital sandbox is able to integrate the wisdom, experience, and resources from different sectors, and improve, accelerate the new business idea to enter the market.

Start from October, Digital Sandbox is going to organise workshops once every season. The main content includes:
From the perspective of Users: International Digital Sandbox Trend, Experience Sharing, Needs Discussion, Open API Platform User Feedback…etc.
From the perspective of Suppliers: Global Trend of FI API, Using Analysis & Evaluate, Feedbcak&Discussion…etc.

 

API Management Platform

It is often to see that international financial institutions establish an API management platform and open their APIs, in order to construct stack-up innovation applications, explore new business opportunities, and accelerate its fintech innovation services.

Reference to international specifications, Digital Sandbox is built on a virtual API Management Platform. Considering the API security issues, the Platform provides limited access to objects, space, and access time. Through focusing on the jointly themes--Wealth Management and IoT Finance, Digital Sandbox expects to bring together industrial data-based and service-oriented APIs, reduce the threshold and cost of innovation verification, accelerate the innovation of thematic experiments, and strengthen the energy of industrial innovation.

    

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