AMIS is a FinTech company that’s developing a payment platform based on blockchain technology. Find out how this Taiwanese technology works today in our review.
What Is AMIS?
AMIS Technologies, found online at Am.is, gets its unique name from the French word for “friend” (“ami”) as well as the Taiwanese word for Taiwan’s aboriginal peoples. The blockchain technology company aims to facilitate easier, cheaper international payments.
With Am.is, users access a standardized platform where large and small businesses can create an effective security information exchange system. Users can share the large data resources of this platform, then use that data to create more innovative products and experiences.
The goal of AMIS is to make the financial system more open and transparent. Like other blockchain technology companies, Am.is is trying to introduce the many benefits of blockchain technology into the world of financial technology.
AMIS Technologies was formed by a group of Taiwan’s largest financial institutions. These organizations banded together to unlock the power of blockchain technology and introduce it to Taiwan’s financial systems.
Essentially, AMIS is introducing blockchain technology to Taiwan’s largest financial institutions. The features and benefits of AMIS’s technologies are similar to the features and benefits we see with other blockchain-based FinTech providers.
Based On Taiwan’s Financial Markets:
Am.is will initially focus on Taiwan’s financial markets to provide an open, collaborative network featuring a connection model, and analytical model, and “a responsible attitude.”
AMIS will facilitate the settlement of financial transactions while ensuring the safety of user information and compliance with banking standards like AML/KYC.
Am.is, like other blockchain technologies, is based on a decentralized system. The goal of the decentralized system is to ensure safe handling of user information, faster settlement network speed, and a more transparent financial system overall.
Ultimately, Am.is is creating blockchain technology catered to Taiwan’s financial industry. So far, the company’s clients include “a number of major financial institutions in Taiwan”, although they haven’t named any of these institutions thus far.
Am.is, or AMIS Technologies, is a Taiwanese blockchain technology company. The company has created full-stack technology platform catered towards Taiwan’s largest financial organizations. The AMIS application platform is available to third party developers while also working as a compliance system for regulators.
AMIS Technologies was formed as a joint venture between several Taiwanese financial institutions. The company is actively seeking federation and peering opportunities worldwide.
As mentioned above, the name of the company comes from the French word for “friend” (“ami”) as well as the Taiwanese aboriginal people, the Amis. The company’s logo features the traditional imagery of a Taiwanese aboriginal dance, where dancers are holding hands with each other to reflect tribal unity. As the AMIS website explains,
“They also serve as a symbol for their shared beliefs and customs and help to strengthen the social fabric and political systems of the settlement.”
AMIS seeks to introduce the revolutionary power of blockchain technology to Taiwan’s largest financial institutions. The platform is a group of technologies that allow for faster, more secure settlements that protect user data while facilitating transactions that comply with regulation requirements.
AMIS is already working with some of Taiwan’s largest financial institutions, although the names of those institutions have not yet been published. Stay tuned for more information about AMIS as the Taiwanese blockchain company expands across Taiwan and internationally.