Bank and Payments

With the advancement of DX, services are moving online and mobile, increasing the opportunities to capture customer data. How we utilize this data to improve customer experience will lead to competitiveness, but regulations on privacy data are also being strengthened. It is important to link these two gears: data protection and utilization.

Frontline Topics

From DX to CX

Further reform of cost structure through radical efficiency improvements in existing business areas, and realization of new CX through the best mix of real, remote and digital channels.

Embedded Finance

With the standardization of financial APIs and strengthened consumer protection measures such as the European PSD3, new solution providers are accelerating their provision of transparent, secure and seamless financial services for users.

Enhancement of operational resilience

As the risk environment becomes increasingly complex, including system failures, terrorism, cyber attacks, and infectious diseases, we will develop an operational resilience system on a group-wide and global basis that goes beyond simply responding to existing risks.

Green Transformation (GX) towards a decarbonized society

Supporting value chains through green transformation to achieve the Japanese government's goal of realizing a decarbonized society by 2050.

Issues

Strengthening and expanding domestic retail base

How to build long-term relationships of trust with each individual customer based on realizing new CX, and strengthen and expand business foundation.

Support for Decentralized Finance (DeFi)

How the banking industry will respond to the transformations brought about by "services that realize financial transactions without going through a specific entity" built on blockchain, such as Web 3.0 services.

Economic competition

As cashless payments become more widespread, companies' loyalty programs improve, and point-linking schemes become more common, the focus is on how to expand our economic sphere.

Data Privacy Response

How companies ensure robustness and transparency as regulations to strengthen data privacy (such as the Personal Information Protection Act, GDPR in Europe, and CCPA in the United States) become stricter.

Cases

Promoting Alliances for AI Introduction

We supported collaboration negotiations with a Silicon Valley startup to implement AI in administrative areas. This included conducting research, developing negotiation strategies, devising negotiation points, and supporting the actual negotiations in the U.S.

Consideration of ESG Scoring Solution Services

We considered a solutions business to assess the potential for improving ESG scores along the value chain of corporate activities.

Enhancing CX on Digital Platforms for High-Net-Worth Individuals

We revamped a digital platform for high-net-worth individuals using human-centered design. To achieve our concept of "emotional CX" as outlined in our publication, we utilized success and failure cases from other industries to propose new designs and content.

Planning and Launch of Next-Generation Sales Offices

We developed and promoted specific measures to realize the next generation of sales offices. This included designing business workflows and customer pathways, as well as refining store expansion plans.

Cost Management Reform for Next-Generation IT Infrastructure

We developed a mid-to-long term IT strategy to address rising operational costs of IT infrastructure. We achieved sustainable growth by promoting cost transparency and prioritizing investments in next-generation IT infrastructure.

Launch of Mobile Payment Service

We launched a payment service aimed at attracting young people from the smartphone generation early on, thereby securing loyal customers in the future.

Insights

The backbone of DX: Pitfalls of Cloud Utilization and Steering Success with CCoE

An important backbone in DX promotion is the use of cloud services. Effective utilization of various services provided in the form of XaaS and public clouds such as AWS/Microsoft Azure/Google Cloud requires different perspectives and skills from the conventional ones. What we would like to advocate is the establishment and utilization of a "CCoE," an organization dedicated to the utilization of cloud services.

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How Companies Should Respond to the Changes in Society Brought by Accelerating Embedded Finance

Originating as a trend in the United States and now spreading to Japan, embedded finance (integrated financial services) is becoming increasingly prevalent. In the Japanese market, where consumers consider high-usability services as the norm, it is crucial to explore what changes this trend will bring. Additionally, based on our support experience, I would like to discuss the urgent issues and strategic approaches that Japanese companies should adopt to address these changes.

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“BNPL”, a New Form of Deferred Payment, and the Future of Consumption and Payment

“Deferred payments" have been around for some time. However, combined with the expansion of e-commerce and digitalization, a new type of deferred payment service called “Buy Now Pay Later (BNPL)” has emerged. In this sense, it is both old and new. BNPL meets the complex needs of diverse consumers and is said to be highly compatible with Generation Z. This article will examine how BNPL will impact the Japanese market.

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