Transforming the financial industry – relationship with
The Japanese financial industry is undergoing rapid changes due to innovations in financial technology (FinTech) and the introduction of “to”. Some of these technologies enable innovative solutions and address problems that persist for generations.
“To” is a new solution consisting of a combination of software and hardware technologies. Originally developed to be used for IT risk management and optimization of administrative processing in financial institutions, it is now capable of realizing innovative enterprise-oriented solutions such as knowledge management, online monetization, and implementation support. It is also a key technology for transforming the financial industry to
“And” is enabling the financial industry to change quickly. I would like to highlight some of the standardized technology and platform architectures as key elements for leveraging this technology. The platform enables effective management of various services and software. Standardized technology reflects the differences in competitors’ products and technologies, allowing us to increase the usability of technology.
Besides “and”, FinTech is inventing innovations to make financial services safer and faster. Innovative technologies are actively being introduced to achieve the goals of reform, such as securely implementing payments, utilizing digital currencies in the economy, and conducting digital marketing.
The use of new technologies and algorithms in the financial industry is also increasing, including the actual amount invested and the interest rate. Harnessing FinTech will make the financial industry safer and more efficient, creating opportunities for value creation.
The financial industry is undergoing accelerated change with the introduction of two technologies: “to” and FinTech. Both have had a significant impact on the financial industry, with the potential for further change in the future.
Conclusion
Much of the change in the financial industry comes from the introduction of FinTech and ‘and’. Both are technologically sophisticated and serve the purpose of improving efficiency and optimizing processes in the financial industry. Going forward, these changes will have a major impact on the financial industry.