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The rise of FinTech has been so rapid that it took many financial institutions by surprise. While Taiwan’s financial sector was undergoing nascent transformation into FinTech, Dr. Ko-Yang Wang was at the vanguard of the development of Taiwan’s FinTech industry. Wang saw a huge potential in FinTech, the fusion of the financial industry and technology that could act as the catalyst for cross-industry and cross-domain integration, new business model innovations, new rules for competition, and a new data-driven economy. As key influencers of the FinTech revolution in Taiwan, Wang and Dr. Grace Lin founded Fusion$360 (fusions360.com) to develop a FinTech innovation ecosystem to cost-effectively address the unfulfilled financial service needs of individuals, home and small and midsize businesses (SMBs).Wang and Lin were a rare breed of IBM leaders who were both technical leaders (IBM Distinguished Engineers) and business leaders. They led various IBM advanced solutions including Enterprise Solution Architecture, SOA, BPM, Knowledge Management, Extended Supply Chain Management, Sense and Respond Value Network, etc. which won major global awards (INFORMS Franz Edelman Award, WARIA Excellence in Workflow Awards, Giga Excellence Awards in Knowledge Management) and contributed to IBM’s bottom lines. Combining their unique western and eastern corporate business management, business and IT fusion, global and local services experiences, and successful big data analytics, cloud computing, enterprise architecture and industrial solutions technology-driven business transformation and process optimization track records, they formed a formidable team for driving disruptive innovations.
Fusion$360 is committed to lowering the barriers for innovators in FinTech startups and financial institutions by creating high-value FinTech solutions and services based on Fusion$360 innovation platform and 360o analytics services. An Open API FinTech ecosystem has been built with the goals of creating mutual benefits between complimentary partners, providing them support in data, analytics, adaptive processes, and connections, through application programming interfaces (APIs), and jointly creating high value services.“Through this FinTech ecosystem, we stipulate disruptive innovation, share fruits of the innovation, create benign competition, collaborate with other industries, and improve capabilities and competitiveness of the FinTech industry,” explains Wang, Founder & Chairman of Fusion$360.
In addition to its FinTech ecosystem, Fusion$360 also focuses on AI and Blockchain technologies. It offers a customizable blockchain-based payment system with smart contracts known as Fusion$ CityCoin. Fusion$ CityCoin is designed to help a city government to streamline its operations, improve its efficiency and the citizen’s experiences. “Fusion$360 is focusing on fusing AI, blockchain, token economy and API Economy to enable innovators and traditional business to increase their contributions to their value networks collaboratively."
Blockchain and associated Crypto- Economy provide the perfect catalysts to produce the momentum required for overcoming the friction of resistance and starting the snowball effects for the open symbiotic FinTech ecosystem
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