CDIO, Senior Managing Executive Officer, Group CDIO, Sumitomo Mitsui Financial Group
Senior Managing Executive Officer, Sumitomo Mitsui Banking Corporation
Representative Director, President & CEO, The Japan Research Institute
Following the decision by Square and PayPal to handle Bitcoin in 2020, Tesla announced that it will invest $1.5 billion in Bitcoin in 2021, the crypto assets scene has suddenly become hot. Will these movements pave the way to change daily lives and businesses as new innovation tools from just investments and speculations? Experts discuss the potential and future of the crypto asset business.
Intermission
Special Message
Regional finance and local economy regenerated by DX
The COVID-19 pandemic is urging the world to promote digital transformation (DX) and introduce non-face-to-face businesses. Although it is a headwind for industries which relied on face-to-face as a premise, DX might be an opportunity to create a revival opportunity for regional finance and local economies under structural depression. Panelists discuss what is needed to revive local finance and economy in Japan.
Solo Lecture Youzan, an EC platform used by 5.43 million stores in China, the key to fintech success.
Youzan, an e-commerce platform in China that offers more than 400 million consumers and exchanges millions of orders and hundreds of millions of messages per day.
Youzan's founder, Zhu Ning, one of the pioneers of UX designers in China, will explain the key points to success in fintech.
Digitalization of finance to create new businesses
The purpose of digitalization of finance and DX is not limited to the efficiency of conventional operations. Digitalization of finance is meaningful only when we make full use of the past experience and knowledge, human resources, data and other resources to create highly productive businesses in new business fields. What is needed for that goal from a practical standpoint?
"Payment infrastructure," key to develop digital asset businesses
Digital assets such as real estate, stocks, and bonds are attracting attention due to the evolution of blockchain technology and the revision of the Financial Instruments and Exchange Act. The key to its development is the payment infrastructure. Can private digital currencies and exchanges play that role until the advent of the CBDC? Speakers also discuss the whereabouts of international competition.
Revival of SME finance, what we learned from COVID-19
Small and medium size businesses and sole proprietors play an even larger role in today's internet economy and are crucial for economies to stay dynamic. This mandate has never been as important as today as COVID19 has been paralysing many economies. OakNorth, a UK challenger bank, has devoted their services to the underserved SMB segment. How have they been responding to COVID19 and how can fintech help rebuild our economies?
How to create a bank that is 10 times better - the challenge by 10x Future Technologies Group
Escaping the legacy has been an ensuing challenge for incumbent banks to transform themselves in the face of competition from challengers and fintechs. This session will welcome Antony Jenkins, who has been at the helm of both a multinational bank and a tech startup to explore his vision of a bank that is 10 times better, the technology required and how banks can embrance such technology to move forward.
Back to basic for digital money era
The new age of cross-border payments-Correspondent banking evolution
Emerging new technologies are transforming the cross-border payment area. In October 2020, the Financial Stability Board published a roadmap for enhancing the cost, speed, access and transparency of cross-border payments. With the rise of non-banks, how will the traditional correspondent banking change? This session, through presentations of SWIFT new strategies and discussions by experts, will focus on the future of correspondent banking services.
The new age of cross-border payments-FinTech innovation
Japan's remittance market is rapidly expanding, supported by the needs of growing foreign workers. Fintech companies are growing with their unique business models while competing with banks. This session, along with the presentations from speakers, will focus on user protection and anti-money laundering measures for cross-border payment services and future business prospects in light of the revised Payment Services Act.
Global Workshop Crossborder collaboration in the post-COVID19 era
We will be joined by leaders of fintech ecosystems from various markets to discuss challenges and opportunities facing the fintech industry post COVID19 and how it has been affecting crossborder business for their firms. We will explore how can we collaborate internationally to overcome the challenges and embrace the opportunities under this new normal.
Introduction of the Japan CTO Association and DX case studies
In this session, we will introduce two styles useful for promoting DX in traditional companies, DX case studies, concept of DX Criteria, and CTOA's activities.
