The Road to an Open Payment Platform: Making the Most of BOJ-NET

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
31 July 2017
Eiichiro Yanagawa

Celent examines initiatives to accelerate the development of Japan’s payments infrastructure through the lens of the BOJ-NET.

Key research questions

  • What are the ultimate aims and characteristics of the new BOJ system?
  • What are common challenges faced by major financial institutions offering payment services?
  • What should banks do to realize the potential of the new BOJ payment platform?

Abstract

The value offered by payment and settlement services was rooted in supplying services that ensure secure and certain transmission of electronic messages. The internal processes of settlement (such as transaction banking) have been bifurcated into a standardized back end and customized front end. The internal processes dedicated and tailored to external connections will ultimately be outsourced. For customers, the added value is in bringing diversity, convenience, and innovation to the point of engagement. For banks the value lies in connections to financial market infrastructure; moving forward, cost optimization will dictate a shift to outsourcing and/or use of utility services.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

sign in or register to read more

Insight details

Content Type
Reports
Focus
Industry Trends, Innovation & Emerging Technology, Legacy and Ecosystem Transformation, Technology trends
Location
Asia-Pacific