Financial technology (fintech), including stablecoins, could help accelerate the movement of funds across global semiconductor and artificial intelligence (AI) supply chains, allowing manufacturers to operate more efficiently, industry leaders said yesterday.Speaking at a news conference in Taipei ahead of the second edition of the Asia FinTech Alliance (AFA) Summit, AFA chairwoman Jaclyn Tsai (蔡玉玲) said Taiwan is the "heart" of semiconductor and AI server manufacturing, and that faster production must be matched by faster financial transactions."We cannot just move goods around quickly. We have to move the money quickly as well," she said, adding that fintech could improve supply chain efficiency and strengthen the competitiveness of manufacturing economies.
From left, Asia FinTech Alliance secretary Winston Hsiao, chairwoman Jaclyn Tsai and Etron Technology Inc chairman Nicky Lu pose for a photograph at a news conference in Taipei yesterday.
Echoing Tsai, Etron Technology Inc chairman Nicky Lu (盧超群) said speed is critical for technology companies operating across different time zones, where banking and settlement hours could delay transactions."How quickly can we pay? How quickly can we receive?" Lu said, adding that financial delays could affect production, deliveries, suppliers and customers across several countries when transactions are held up by banking cut-off times.
