1. Publications
  2. Capital Markets & IT -lakyara

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

Risk Management

Jan. 2018

FinTech exposes subcontractor management limitations

Koji Nose

Financial institutions’ progressive push into FinTech is enlarging their networks of partners and affiliates and, in turn, increasing their exposure to external risks. Should a financial institution’s partner happen to encounter any difficulties that imperil its business continuity, the financial institution itself could be hurt at least reputationally if not financially also. Adeptness at managing all types of subcontractors is a potential determinant of business success or failure.

Asset Management

Dec. 2017

Alternative finance market poised for growth in Japan

Tomohiko Taniyama

Crowdfunding and other online financing models that directly link investors with parties seeking funding are burgeoning globally. Such innovative modes of online financing are collectively called “alternative finance” in contradistinction to the traditional financial system. In Japan, alternative finance could spawn new financial markets, beginning with crowdfunded real estate investments.

Dec. 2017

Beyond FinTech to digital transformation

Fumio Igarashi

While Japan's regional financial institutions have dived deeply into FinTech over the past couple of years, some are now starting to show signs of FinTech fatigue after reaching key milestones such as API implementation. Nevertheless, financial institutions must undergo true digital transformation and better provide personalized services to capture and retain customers in the digital generation that will sustain their businesses in the future.

Corporate IR

Nov. 2017

The reality of Corporate Governance Code compliance in Japan

Chie Mitsui

Japan’s Corporate Governance Code is now in the third year since its inception. In July 2017, NRI surveyed companies on how they are putting the Code into practice. The Code seeks to promote engagement between companies and institutional investors but such engagement may not be worthwhile for all companies at present.

Nov. 2017

Is RPA overhyped, or just misunderstood?

Tory Yoshida

While RPA (Robotic Process Automation) applications are starting to expand, the industry is seeing disappointing results and starting to reevaluate RPA’s actual ability to reduce costs. We need to take the actual potential of RPA technology into consideration to see more benefits such as enhancing employee value rather than cost reduction alone.

Oct. 2017

Central bank-issued digital currencies:Once-in-a-lifetime opportunity for next-generation financial system

Takeo Nishikata

In response to the popularity of virtual currencies such as Bitcoin, central banks around the world are looking into issuing their own digital currencies.

Asset Management

Oct. 2017

Can AI improve portfolio managers' Investment decision-making?

Yusuke Umezu

Nomura Research Institute and Nomura Asset Management recently conducted a proof of concept using natural language analysis, a form of AI, in the asset management industry. If properly customized, AI can quantitatively support portfolio managers’ analysis of qualitative information.

Asset Management

Oct. 2017

Latest BPO developments in Japan's asset management industry

Tomoko Koga

BPO is diversifying in Japan. Over the past five years, operations commonly outsourced in the fund industry have expanded from data entry to a variety of functions, including even judgmental tasks. Meanwhile, partial outsourcing has emerged as an alternative to turnkey outsourcing.

Sep. 2017

Addressing common RPA implementation challenges

Keiko Kataoka

The RPA boom has spread beyond Europe and the US to Japan. Japanese companies, being culturally averse to directly cutting payrolls, tend to have more difficulty justifying the overall cost of adopting RPA. The following looks at challenges they encounter when implementing RPA and how to best address them.

Aug. 2017

Asia-Pacific Financial Forum’s role and work on financial market infrastructure

Ken Katayama

The Asia-Pacific Financial Forum (APFF), one of the main activity bodies that support the APEC Business Advisory Council’s Finance & Economics Working Group, is promoting awareness and collaborative discussions between public and private sector across the region to better navigate the transformations of the future of our environment via six work streams. As one of the work streams, the APFF Financial Market Infrastructure Work Stream has formulated a roadmap on how to best develop financial market infrastructure in the Asia-Pacific region. The outcomes of the discussion will be beneficial for not only the emerging markets but also developed markets in Asia Pacific such as Australia, Japan, Hong Kong and Singapore since these markets have been responding to the global regulatory changes after the global financial crisis (GFC). Adding to the changes from GFC effects across the region, market participants have also started to re-expand their roles and markets are developing legal/regulatory frameworks to benefit from advanced technologies while mitigating various types of risks that can arise from the early stage of technological development.