The Taiwan Academy of Banking and Finance (TABF) and the Asian Institute of Chartered Bankers (AICB) reached a Memorandum of Understanding on June 28, 2023, opening a new era of cooperation in the area of financial talent cultivation. The MOU will accelerate the internationalization of Taiwan’s financial industry, as well as its expansion into New Southbound markets.
The Taiwan Academy of Banking and Finance (TABF) and the Asian Institute of Chartered Bankers (AICB) reached a Memorandum of Understanding on June 28, 2023, opening a new era of cooperation in the area of financial talent cultivation. The MOU will accelerate the internationalization of Taiwan’s financial industry, as well as its expansion into New Southbound markets.
TABF Chairman and former Minister of Finance of Taiwan Dr. Jian- Rong Su personally led a delegation to Malaysia to participate in the 24th World Conference of Banking Institutes (WCBI) joint hosted by (Global Banking Education Standards Board, GBEStB) and AICB, and met with AICB Chairman Tan Sri Azman Hashim to participate in the signing ceremony. This MOU was the first important action had taken to promote internationalization since Dr. Su taking the office, with great strategic significance. TABF looks forward to cooperating with AICB to improve the professional capabilities of Taiwan’s financial industry and promote talent exchange in the fields of green finance, sustainable finance and fintech, aiming to anticipate the changes and meet the future challenges of the international financial environment. At the same time, the MOU will also accelerate training of financial practitioners in Taiwan with international perspectives, and further consolidate Taiwan’s competitive position in New Southbound markets. The chairman and CEO of AICB expressed their hope to work together with TABF to create a promising new future for the financial industry of both countries.
AICB is the most important financial training institute in Malaysia and has an excellent reputation in Southeast Asia. The only Southeast Asia training institute authorized by the Chartered Banker Institute of the UK to issue the Chartered Banker certification, it is committed to improving the skills and professionalism of Malaysian financial practitioners. TABF, which serves as the secretariat of the Asian-Pacific Association of Banking Institutes (APABI), maintains good interaction with AICB and had previously established a solid foundation for cooperation. This MOU will further deepen connection between the two institutes, and promote joint exchange and cooperation in financial training.
Going forward, TABF and AICB aim to deepen their partnership in multiple areas. First, the parties will strengthen exchanges and cooperation in the fields of sustainable finance jointly promoting net zero transformation. In addition, TABF and AICB hope to strengthen training cooperation in fintech and cybersecurity, helping financial institutions in both countries better handle the challenges and opportunities of digital transformation. This MOU will create more opportunities for the financial industry in the Asia-Pacific region, and will also promote continuous innovation and progress in the financial sectors of both countries, creating a new chapter in cooperation on financial training.