Cathay United Comes Under Fire For Use of China-Backed Technology Company in Credit Card System
One of Taiwan's largest banks, Cathay United, has come under fire over core technologies in its new credit card system being developed by a company alleged to have China ties. The company in question, AnyTech, frames itself as a Singaporean company that had set up a subsidiary in Taiwan. However, the company is accused of having close ties with Huawei and being backed by Chinese capital, including China’s Ministry of Finance...