FEIB Bankee Wins "Most Innovative Digital Bank" Award from Global Economics Magazine

With the Financial Supervisory Commission in Taiwan officially launching the Virtual Asset Service Provider (VASP) registration system, Taiwan's financial industry is ushering in a new era of digital finance. How to balance security and trust while promoting openness and innovation has become the market's primary focus. Facing this new financial order where the virtual and physical worlds intertwine, Bankee, a community bank under Far Eastern International Bank (FEIB) responsible for over 90% of Taiwan's virtual asset inflows and outflows, has demonstrated its cross-industry financial integration capabilities as a virtual asset-friendly bank. In 2025, it won the "Most Innovative Digital Bank" award at the "Global Economics Awards" hosted by the authoritative British financial media outlet, “The Global Economics”, further solidifying Bankee's leading position in virtual asset financial integration and making Taiwan a new model for innovative development of virtual assets in the Asian fintech landscape.

Controlling 90% of Taiwan's virtual asset flows and integrating exchange APIs significantly reduces deposit and withdrawal times.

Since 2019, FEIB has been a leader among financial institutions in Taiwan, pioneering the provision of virtual asset payment services to domestic virtual asset exchanges. To date, FEIB handles over 97% of virtual asset deposits and withdrawals across Taiwan. Previously, virtual asset investors faced complex and error-prone procedures when depositing or withdrawing. To provide a more convenient and secure trading environment for both investors and exchanges, FEIB Bankee integrates the APIs of domestic virtual asset exchanges, aiming to achieve seamless bridging between fiat and virtual currencies. This significantly reduces the average processing time for deposits and withdrawals to as little as 3 seconds, saving investors valuable time.

Breaking through traditional frameworks with innovation and overcoming challenges to create Taiwan's premier virtual asset-friendly bank.

Dai Songzhi, Vice President of FEIB AI Digital Finance Business Group, stated that while the virtual asset sector possesses significant development potential, it also carries substantial risks. We are keenly aware of the crucial role of traditional banks in the virtual asset trading ecosystem, and therefore choose to actively invest while proceeding cautiously, consistently adhering to a principle of both offense and defense, striking a balance between innovation and stability.

Dai admitted that not many banks were willing to invest in this area at the beginning, because every step, from communication and coordination with external partners to the establishment of internal legal compliance and risk control processes, was full of challenges. It was quite difficult for traditional banks and required a great deal of patience and determination. He was pleased that Bankee's efforts had yielded fruitful results and gained international recognition, allowing Taiwan's innovative energy in financial technology to be seen on the international stage.

Developing virtual asset-related businesses presents numerous challenges, from regulatory requirements and risk management to the establishment of an industry ecosystem, all of which test the innovative determination and practical capabilities of financial institutions. FEIB's Bankee Community Bank, as Taiwan's first shared economy bank and the first community bank in Taiwan to adopt an open banking architecture, has consistently broken through traditional frameworks, actively expanding its BaaP (Bank-as-a-Platform) platform to support Web3 business models, striving to realize its vision of "Finance as a Lifestyle."

About Bankee Community Bank
Founded in 2018, FEIB Bankee Community Bank is Taiwan's first sharing economy bank. With open banking at its core, it leverages the Web 3.0 concept to create a decentralized, innovative sharing economy community finance platform. In addition to providing financial services such as digital accounts, credit cards, loans, and community ledgers, Bankee Community Bank transforms the traditional one-way relationship between banks and customers. It pioneers a two-way interaction with customers, giving them control and sharing profits through a unique community reward mechanism, achieving mutual benefit. Through continuous innovation, Bankee Community Bank provides customers with simpler, more convenient, and secure financial services, embodying its brand's sustainable core philosophy of "co-creation, sharing, and mutual benefit." Since its inception, Bankee Community Bank has received recognition for 24 innovative business models and technologies, including the Gartner Asia Pacific Financial Services Innovation Award, the Global Business Outlook Best Innovative Digital Transformation Award, and the Asiamoney and The Global Economics Best Innovative Digital Bank Award.