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.
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With a plethora of various IDs in use in Japan, businesses that utilize IDs have started to gain notice. Following is a discussion of such ID businesses' diversity and the future outlook for inter-ID settlement services sanctioned by the new Payment Services Act.