Public financial data marks 171 million views since opening in 2020
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Flood-damaged vehicle verification to be available by November
By Anna J. Park
Since the opening of financial data held by public institutions in June 2020, the total number of data queries reached over 171 million, according to the Financial Services Commission (FSC) on Tuesday.
As of June 2023, the Public Data Portal (
) provides 91 APIs and 298 specific themes across nine different categories. Application Programming Interface (API) is a set of protocols that allows different software applications to communicate and interact with each other, providing developers with access and use the functionalities of other software.
Among the data queries, the top three most searched are corporate financial information, stock rights schedule information and borrowing status of investment. Compared to the previous year, the number of queries for stock rights schedule information increased significantly.
While the total number of data views reached over 171 million, there have been 15,620 applications for API utilization. With regard to API applications, stock price information, basic company information, and corporate financial information were the top three most queried information.
According to an online survey of two hundred public financial data users conducted in May, 34.7 percent of the respondents said the main use of data is to understand economic and business trends, while 16 percent of the respondents said the data is used for sales and marketing activities. Corporate evaluation (14.7 percent), startup and app development (12 percent), research and papers (11.3 percent) and policy reference (8.7 percent) were other purposes mentioned by the survey respondents.
In addition, 84.7 percent of the respondents expressed satisfaction with the use of financial data. The reasons for satisfaction included free access to useful data (36.5 percent), a wide range of available data (25 percent) and convenient usage (21 percent).
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When looking at specific examples of utilization of public financial data, a company operates a matching platform for startup companies and investors using corporate basic information. Another company provides corporate evaluation information by utilizing corporate financial data.
The financial authorities said it has expanded the scope of data released each year, and it plans to expand the opening of financial data to flood-damaged vehicle verification service, lease transaction information as well as insurance enrollment information by the end of November.
“In particular, the flood-damaged vehicle verification service is expected to be of great help to consumers in preventing harm by allowing easy verification of water damage just by checking the vehicle registration number,” an official from the FSC said.