It collects data from published materials related to finance, patents, lawsuits, news and social media to provide probably the most comprehensive database in Taiwan. Eagle Eyes then uses Stochastic Risk Analysis to provide a credit rating solution for SMEs. Eagle Eyes’ integral credit rating analysis offers insights into a business’ current situation and prospects. “Eagle Eyes is a handy tool for financial institutes and startups to develop new services like P2P Loans, supply chain finance, crowdfunding and financial insurance,” quips Wang.

Wang illustrates the effectiveness of Fusion$360 solutions through an ongoing project with Asia University and other partners. Together, they have drawn a FinTech blueprint for a bank in the Pacific islands as well as a major IC company in Taiwan. These companies have also started to use FinTech APIs and applying data in non-traditional ways to improve business performance. More than 50 credit rating methodologies have been tested and classified. With the help of new credit analysis technology, multiple variables and parameters are evaluated to simulate, analyze, and predict customer behavior and match their needs with new services. This analysis is also being extended to include market conditions and supply chain information for small and medium enterprises and will form the basis of supply chain finance. We aim to develop a credit analysis system that makes a 360-degree view of a client and develops uniquely rich customer profiles by connecting the dots between basic information, transaction history, repayment capacity, as well as external information,” adds Wang.

Industrial Innovation Based on Blockchain and Crypto Economy

Blockchain, crypto economy enabled by the Initial Coin Offering (ICO) has set off a firestorm of innovation in finance and other industries. Blockchain technology is still at its early stage of industrial applications but ICOs have already disrupted the venture capital industry. The Fusion$360 team developed the world's first distributed crowd-funding and private-funding services, called Fusion$ LastMile and Fusion$ FirstMile. The platform offers know your customer, due diligence and anti-fraud supports to make both meet compliance requirements. Fusion$360 has collected and analyzed over 4,000 ICOs using Fusion$ Eagle Eyes solutions. Fusion$ LastMile supports ICO teams that are at the last leg of their fund-raising efforts and to prevent “bad money drives out good money.” Fusion$ FirstMile aims to help startups to get their early stage funding, and to help investors with simplified processes to drastically shorten the time to get investment returns. Wang believes that ICO has been instrumental in addressing existing fundraising and investment issues as compared to traditional IPO (Initial Public Offerings) and that the emerging ICO 2.0 model with comprehensive Security Tokens Offering (STO) will be will be long lasting.

Fusion$360 has formed a strong blockchain international service team to provide enterprise blockchain consulting services as a strategic means to explore and master blockchain solutions and has engaged with a number of clients. The company also leads the Taiwan FinTech Association and Taiwan Blockchain & Crypto Currency Self Regulating Organization. A network of partnership has been formed to collaboratively expand regional market to the world.

Serving the market for only two years now, the company is standing on a strong foundation. The company’s culture strongly advocates continuous learning and collaboration to stay up to date with all new technologies. Moving forward, Wang envisions expanding to US, China and other parts of South East Asia. They are expanding FirstMile and LastMile into a versatile distributed exchange to enable safe and trustable exchanges of crypto currencies, stocks, securities in the over the counter environment which lacks trust. The company itself is currently in the process of starting serial A fund raising while they are helping other innovators raising funds through its own private network.