Page 7 - Taishin FHC Corporate Social Responsibility Report 2018
P. 7

About Taishin    005

                                          Value Chain and Value Creation Model






                                          Taishin's value chain                                                          existing customers. In terms of transaction activities, Taishin uses a broad variety of payment,
      Contents                                                                                                           clearance and settlement systems and modern technologies to satisfy the needs of different
                                          Financial services are constantly changing with new services surfacing due to ongoing
      Message from the Chairman           globalization. This is why Taishin has placed great emphasis on value chain management and   customers.

      Message from the President          devoted significant attention to the coordination of risk management, equipment, personnel, and
      (Chairman of CSR Committee)
                                          R&D resources to properly support supply, production and sales activities. In addition, Taishin
      About Taishin                       has been active in identifying opportunities where it has the potential to develop competitive   Risk management
      •  Company Profile                                                                                                            Through implementation of robust management guidelines and procedures, Taishin has
                                          advantages and create values for stakeholders.                                            developed a robust risk management policy to manage market, credit, operational, and
      •  Value Chain and Value Creation Model                                                                                       liquidity risks that are critical to its operations. The organization also recognizes climate
      •  Sustainability Impact Valuation  Taishin considers risk management to be an important part of the value chain for the financial   change and new technology as part of its challenges toward sustainability.
      •  Analysis of Industry Risk and    industry. We have established management practices specifically to address potential impacts   Hardware/equipment
       Opportunity                                                                                                                  Taishin operates 131 service locations and has approximately 3,500 ATMs nationwide.
                                          on the value chain and to our operations, which have proven helpful in managing risks and
      •  Operating Financial Performance
                                          maintaining proper operations to date. Hardware equipment/facility, too, plays a key role in   Support Activities  Human resource
      •  Information Transparency                                                                                                   Taishin sees its employees as the most important partners toward sustainability, which is why the organization
                                          the financial service industry, and support for the information system is especially critical for   has taken the initiative to create a satisfying and safe work environment supported by comprehensive training
      •  Membership in Associations                                                                                                 systems, competitive salaries, open communications and attention to human rights.
      •  Awards & Honors                  supporting digital transformation. Meanwhile, human resource remains an important factor in
                                                                                                                                    Technology R&D
                                          Taishin's value chain, and we aim to maintain our advantage by creating a friendly workplace
      I.   Sustainability Plans
                                          where employees are motivated to grow and earn customers' trust. Lastly, technology R&D   Driven by principles of innovation and integrity, Taishin Financial Holdings attempts to address customers' pain
                                                                                                                                    points from a demand perspective and provide more friendly, convenient and intuitive service experience, while
      II.  Sustainable Governance                                                                                                   at the same time improve system stability, efficiency and use of new financial technologies.
                                          represents a major source of Taishin's competitiveness, and success in which not only                                                           Margin
      III.  Superior Service              enables the organization to provide better services than its competitors, but would prove   Value Activities
      IV.  Sustainable Finance            helpful in business expansion and value creation as well.                                  Resource   Operations    Product   Marketing    Transaction
                                                                                                                                      input    and R&D    output   and sales  service
      V.  Friendly Workplace              Taishin builds its advantages on top of sound risk management, advanced hardware, elite
                                                                                                                                    •  Customer   •  Specialized   •  Service  •  Consultation   •  Payment
                                                                                                                                              departments
                                                                                                                                     data
                                                                                                                                                                  service
      VI.  Green Operation                talents and technology, and creates value in every part of its service process from business   •  Human   •  Standardization  •  Investment  •  Brand   •  Settlement
                                                                                                                                                        •  Loan
                                                                                                                                     capital  •  Outsourcing  •  Fund  management
      VII.  Social Impacts                operation, R&D, product output, marketing and sales, to transactions. Taishin offers a    •  FinTech                   •  Diverse channels
                                                                                                                                    •  Upstream
                                                                                                                                                                 •  Market expansion
                                          comprehensive range of products and services from deposit, loan, credit card to foreign    purchase                    •  Sales
      VIII. Stakeholder Engagement                                                                                                                                management
                                                                                                                                Primary Activities
                                          exchange. We aim not only to provide a strong product line, but also services that have the
      Report Summary
                                          potential to create value for our stakeholders. Through marketing and selling activities, Taishin
      Appendix                            explores new customers in new markets while at the same time strengths connection with
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