TAIPEI, Nov. 5, 2024 /PRNewswire/ -- According to the Asian Scam Report 2024 published by the Global Anti-Scam Alliance (GASA), over 40% of Asians encounter scams monthly. Hong Kong and Thailand face scams most frequently, with up to 90% of its citizens facing scams once per month or more. Identity theft, investment fraud, and online platform scams are among the most common threats, bearing the brunt of a $688 billion scam burden in 2024 alone.
Scammers are constantly evolving their techniques and utilizing new technologies such as AI and blockchain. Additionally, illicit funds are moving across borders. To effectively intercept these funds and combat fraud, a robust cross-border joint defense network is essential.
Taiwan's FinTechOn 2024 forum took place on 4th November and the Asia FinTech Alliance (AFA) made its debut at FinTechOn this year, where representatives of FinTech associations from 14 Asian economies signed a memorandum of understanding (MOU) on anti-fraud collaboration. The goals include raising public awareness of FinTech-related fraud; establishing channels for sharing information and insights on anti-fraud; developing and promoting best practices in anti-fraud; and creating a unified cross-border approach to handle reported fraud incidents internationally.
"Virtual asset regulation and fraud prevention require both public-private collaboration and international cooperation," said Jin-Lung Peng, Chairman of Taiwan's Financial Supervisory Commission (FSC). "AFA and international platforms like FinTechOn facilitate partnerships and exchanges among countries to address the most pressing FinTech challenges."
"Taiwan has completed amendments to four anti-fraud laws and the Money Laundering Control Act to enhance its regulatory framework. To build public trust in the virtual asset industry and bolster industry confidence, it is essential to foster smooth dialogue between the government and industry stakeholders." said Shih-Chieh Huang, Deputy Minister of Taiwan's Ministry of Justice, who expressed strong support for AFA's anti-fraud initiative.
AFA was formally launched last year and recently marked its first anniversary. Jalcyn Tsai, Honorary Chairwoman of Taiwan FinTech Association (TFTA), serves as the founding Chairperson of AFA, which comprises association members from 14 Asian economies, including TFTA, Korea FinTech Industry Association (KORFIN), Elevandi Japan, Philippines' Fintech Alliance.Ph, FinTech Association of Malaysia (FAOM), Thai FinTech Association (TFA), FinTech Association of Hong Kong (FTAHK), Singapore FinTech Association (SFA), Fintech Indonesia, Mongolian Fintech Association (MFA), Cambodia Association of Finance and Technology (CAFT), FinTech Alliance Nepal, Vietnam Fintech Club, and India's Fintech Convergence Council (FCC).
"International cooperation, tracking and eliminating the source, and law enforcement via technologies are key priorities in combating fraud," stated Tou-Hui Chang, Chief Prosecutor of Taiwan High Prosecutors Office. "It's challenging to combat cross-border fraud as the operation centers of illicit actors are always set overseas. With this backdrop, it's critical to build international cooperations, including mutual legal assistance and coordination among law enforcement, police, and the private sector, such as partnerships between virtual asset exchanges across different countries."
Regulation and anti-fraud are the two major topics in FinTechOn forum this year. FinTechOn is Taiwan's most authoritative FinTech policy discussion platform. AFA's participation in this forum underscores Taiwan's leading role in Asia's FinTech regulatory harmonization
About Taiwan FinTech Association (TFTA)
The Taiwan Fintech Association (TFTA) is a non-profit organization that aims to promote the development and innovation of financial technology (fintech) in Taiwan. It was established in 2017 and has since become one of the leading voices in the fintech industry in Taiwan.
TFTA advocates for regulatory policies and measures that support fintech innovation both domestically and internationally. TFTA has strong connections with government units, industry stakeholders, and international organizations. TFTA serves as a crucial platform for connecting, collaborating, and facilitating development within the Taiwan fintech community.
TFTA is an official member of the Asia Fintech Alliance (AFA), which is an alliance comprising FinTech associations from various Asian countries and regions.
This strategic partnership between TFTA and the AFA enables Taiwan to actively engage with the wider Asian FinTech community, aligning with regional trends and amplifying the country's influence in the global FinTech landscape.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
FinTechOn 2024: FinTech Associations from 14 Asian Economies Sign MOU to Enhance Collaborations in Anti-Fraud
FinTechOn 2024: FinTech Associations from 14 Asian Economies Sign MOU to Enhance Collaborations in Anti-Fraud
FinTechOn 2024: FinTech Associations from 14 Asian Economies Sign MOU to Enhance Collaborations in Anti-Fraud
HONG KONG, Nov. 5, 2024 /PRNewswire/ -- The inaugural Super Terminal Expo 2024 opened today at AsiaWorld-Expo, Hong Kong, to more than 500 international and local aviation professionals. The opening ceremony was graced by a host of dignitaries including the Honourable Michael Wong Wai-lun, GBS, JP, Acting Financial Secretary of the Government of the Hong Kong Special Administrative Region and Vivian Cheung, Acting CEO, Airport Authority Hong Kong. Esteemed government officials and influential members from industry associations were also present, signalling the event's considerable significance and their shared dedication to driving innovation in terminal operations. This groundbreaking event, set to run from 5 to 7 November, attracts industry professionals from all around Asia and beyond, focusing on the future of passenger and cargo handling. The vast exhibition space is alive with activities, showcasing a range of exhibitors from the global arena, all united by the theme: "Redefining Passenger and Cargo Handling Experience through Technological Innovation."
More than 60 airports and related authorities, including Hong Kong International Airport (HKIA). Others (in alphabetical order) include Airports of Thailand, Beijing Daxing International Airport, Changi Airport Group, Clark International Airport, Haneda Airport, Incheon International Airport, PT Angkasa Pura Indonesia, Shanghai Airport Authority, Shenzhen Bao'an International Airport, Zhejiang Airport Group and more.
Over 100 participating companies include (in alphabetical order): ADB Safegate, AECOM, Arup, Collins Aerospace, COMAC, HKIA, Huawei, Keeta Drone, Leonardo, NEC, Nuctech , SITA, The Second Research Institute of CAAC and many more.
"As technology continues to weave intricate connections within our airports, the significance of uniting to address endless challenges and opportunities cannot be overstated," said Paul Burton, Managing Director, Asia-Pacific, Aviation Week Network, and STE advisory board member. "The Super Terminal Expo 2024 exhibition and conference provides the perfect platform for industry leaders and innovators to come together, share insights, and collaborate on solutions that will shape the future of terminal operations."
Focusing Content on Cultivating the Future of Air Passenger and Freight Hubs
Beyond the dynamic exhibition floor, the STE conference program further enriches the experience. It features a distinguished roster of speakers—industry leaders, visionaries, and experts—who are set to deliver insightful presentations and participate in engaging panel discussions. These activities aim to address the latest challenges, trends, and advancements in airport and terminal technologies, providing attendees with a comprehensive understanding of how to shape the future of air travel and logistics.
Notable Sessions include:
Other activities expected at Super Terminal Expo include:
Super Terminal Expo's attendees encompass of airport executives with records of enhancing terminal operations, consultants specialising in airport development, security and technology providers equipped with the latest advancements for safer and more efficient terminals, key decision makers from airlines and ground handling companies, policymakers, financial investors interested in airport infrastructure, along with architects and designers who shape the future of airport spaces.
As Michael Duck, EVP Commercial Development, Informa Markets, said in his opening speech, "The ideas we generate in these halls can shape the future of terminal operations and design, influence aviation policies, and improve the passenger and cargo handling experience worldwide. So I encourage each of you to approach this event not just as attendees, but as active participants in shaping the airports of tomorrow. Dive into those interesting discussions. Seek out different perspectives. Be bold with your ideas and generous with your insights."
Visit https://drive.google.com/drive/folders/1S5WUOy3rYEwGeTM8iUh2cHBLxVGpADm7?usp=sharing to download full press kit.
About Super Terminal Expo:
Super Terminal Expo is Asia's pioneering design, construction and operations event showcasing the next wave of innovation in passenger and cargo terminal, bringing together experts and decision-makers to shape the future of terminals.
Organised by Informa Markets, the world's largest event organiser, Super Terminal Expo has strategically chosen aviation as the focal point for its inaugural year as we recognise the unparalleled opportunities present within Asia's aviation sector. Set to be a hub of innovation with exhibitors from all over the work, the event also includes a conference programme, featuring 80+ content sessions led by industry experts, targeting vital trends and ideas around transport and freight hubs.
Super Terminal Expo is supported by Airport Authority Hong Kong, Aviation Week Network, and CAPA - Centre for Aviation, Hong Kong International Aviation Academy and International Cooperation and Service Center, CAAC.
For more information, please visit www.superterminalexpo.com.
About Informa Markets:
Informa Markets, the world's largest event organiser, creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals. This includes the world's largest jewellery fair and Asia's largest beauty expo, both held annually in Hong Kong. As the world's leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Gateway to Future Airports: Super Terminal Expo 2024 Provides a Platform for Innovations, Connection, and Insights
