Capital Markets & IT - lakyara July 2016
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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Virtual currencies: issues remain after Payment Services Act amended
Innovation is afoot in the virtual currency space. While the government will encourage such innovation, it is also facing pressure to protect consumers and prevent money laundering. Even after the recent amendment of the Payment Services Act, regulatory issues remain to be addressed with respect to payment services.
With Japanese banks increasingly investing in funds, efficiently monitoring of fund investments and reengineering business processes to do so are urgent tasks. A number of banks have started addressing these challenges. Banks need to upgrade their management of fund investments on a step-by-step basis as warranted by the scale of their fund investments and their internal resources.