Fundtech Ltd., global Transaction Banking solutions, and SWIFT, the global financial messaging provider, held a joint workshop for Japans leading banks in Tokyo on 16 February. Among the bankers in attendance were representatives from the top three Japanese banks as well as many of the countrys technology providers.
The workshop focused on how Japanese banks can become more competitive with other global banks through payments transformation projects that provide multinational corporate users with unified transaction banking services. By deploying a flexible payment services hub based on Service-oriented architecture, along with an integrated global cash management system, Japanese banks will be able to stay competitive with leading global banks that are already moving in this direction.
In the workshop, Fundtech presented case studies of its work with several of the worlds largest banks, demonstrating the benefits and challenges of this approach. SWIFT presented its new offering – a revolutionary digital identity solution called 3SKey.
Mr. Yoshimi Tohru Vice President, Swift, Japan, said: I was very impressed by the response of Japans leading banks to the topic of our workshop and there is obviously great interest in developing greater competitiveness among the megabanks in Japan as well as internationally. We see great synergy between Fundtech and SWIFT to service the Japanese Market and look forward to working together in the lead up to Sibos Osaka in 2012.
Mr. Gil Gadot – Managing Director of Fundtech Asia-Pacific said: Japanese banks have a great appetite for technological innovation, and working with these major banks is one of Fundtechs main priorities for the region. We believe that our experience of working with other top banks around the world will be very relevant to assisting the Japanese megabanks to develop competitive solutions. We are very pleased with the strong response we received during our workshop in Tokyo.
D.C.