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Capital Markets & IT -lakyara

Financial institutions are under constant pressure to reduce costs, improve operational efficiency, adapt to regulatory changes and grow their business. NRI believes that a combination financial knowledge and information technology are crucial to the industry’s growth and development. Through our lakyara reports, NRI identifies the various capital markets and IT issues impacting our clients and the future of their business.
*Organization names and job titles are current as of the publishing dates

Latest Updates

Digital Innovation

Jun. 2019

Regulatory reforms are tailwind for one-stop online financial services

Katsutoshi Takehana

Japanese FSA’s Financial System Council is discussing potential changes to laws and regulations regarding cross-sectoral financial service intermediaries. If the changes come to fruition, financial services should become more conveniently accessible via mobile apps.

Digital Innovation

May. 2019

Keys to success in Japan’s crowded payment app market

Daisuke Tanaka

Japan’s payment services market is crowded with mobile payment apps that use QR codes or barcodes as inputs. The companies that have released such apps are spread across various sectors. They are providing payment services by combining point-of-sale (POS) payment technologies with settlement channels. Competition to capture users with generous point rewards is underway. The players best able to find ways to attract users and merchants should emerge as winners.

Asset Management

Apr. 2019

Alternative data use in asset management and its implications for Japan

Takeshi Shimamura

Use of alternative data in investment decision-making is growing rapidly, mainly in Europe and the US. Alternative data use is most prevalent in the quant hedge fund community, but even some traditional asset managers are using alternative data in the aim of qualitatively improving human investment decisions. Japanese asset managers must step up investment in alternative data utilization to remain competitive.

Digital Innovation

Mar. 2019

Impact of legalization of digital currency paychecks

Katsutoshi Takehana

The Japanese government is currently moving toward lifting a ban on paying wages and salaries with digital currency. If it decides to do so, the move could dramatically reshape the financial service supply structure beyond just diversifying wage/salary payment modalities.

Risk Management

Feb. 2019

Keys to an effective risk appetite framework

Hitomi Kawahashi

Major Japanese banks have been developing and implementing risk appetite frameworks (RAFs) since FY2013. Recently, even regional financial institutions are increasingly adopting RAFs. One lesson from early RAF adopters overseas is that an on-the-ground perspective is crucially important to developing an effective RAF.

Digital Innovation

Feb. 2019

Keys to successful IPA implementation

Keiko Kataoka

Intelligent process automation (IPA) has emerged as a way to automate processes too sophisticated for robotic process automation (RPA). What is IPA? What do we need to know to achieve successful implementation?

Capital Markets

Jan. 2019

Materiality in criminal misrepresentation in securities filings

Sadakazu Osaki

On December 10, 2018, Nissan Motor's former chairman Carlos Ghosn, another Nissan executive and Nissan itself were indicted for allegedly violating Japan's Financial Instruments and Exchange Act (FIEA) by filing Annual Securities Reports containing misrepresentations. With the media reporting conflicting accounts and the facts of the case yet to be spelled out in detail, it is too early to safely draw any conclusions about the allegations against Ghosn and his codefendants.

Asset Management

Jan. 2019

Resurgence in direct sales of investment trusts

Mitsuo Fujimoto

Japanese asset management companies that sell their funds through distributors are starting to return to the direct sales channel. Their direct sales initiatives are targeted at younger demographics such as recent college graduates, but capturing young customers is not easy. It requires customer journey mapping and micro-targeted marketing through such means as social media advertising, telephone contacts with customers and educational seminars.

Digital Innovation

Dec. 2018

From Graphical to Voice Interface - financial institutions' expanding new channel

Atsushi Umakatsu

Voice user interfaces (VUI) are rapidly evolving in tandem with advancements in machine learning and AI. VUI services fit well into financial institutions’ omnichannel strategies. Overseas financial institutions have released apps that enable users to even make payments by voice command. Japanese financial institutions also are expected to offer more services.

Corporate IR

Nov. 2018

Cybersecurity's new borderless frontier

Masaki Nishitani

Cyberattacks have long been internationally borderless but various other boundaries besides national borders are now becoming blurred in cyberspace. Effective cybersecurity in a blurred-boundary environment requires the leadership of a full-fledged CISO.