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Sean J.C. Shih

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In Artificial Intelligence

Taiwan Financial Supervisory Commission has published the “Guidelines for the Application of AI in the Financial Industry”

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On 17 October 2023, the Taiwan Financial Supervisory Commission (FSC) first published the “Core Principles and Relevant Promotion Policies for the Application of AI in the Financial Industry” (“Principles”) as part of the FSC’s efforts to assist financial institutions in effectively utilizing the advantages of AI, while at the same time managing risks, ensuring fairness, protecting consumer rights, maintaining system security, and achieving sustainable development. The Principles provide six core principles for application of AI…

In Technology, Media & Telecoms

Taiwan: Amendment to the Taiwan Electronic Signatures Act – A new chapter for digital economy in Taiwan

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The Electronic Signatures Act (ESA) of Taiwan, enacted in 2001, has undergone its first major amendment (“Amendment”) in response to the rapid global digital transformation and the changing landscape of digital services and digital economy in Taiwan. With the proliferation of digital solutions and the increasing demand for electronic documents and signatures, particularly accelerated by the COVID-19 pandemic, the Taiwan Legislative Yuan passed the Amendment on 30 April 2024. The Amendment will take effect following…