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NTT DATA ABIC's New Membership with FDUA

NTT DATA ABIC, headquartered in Minato-ku, Tokyo and led by CEO Atsuhito Otani, has recently become a special member of the Financial Data Utilization Association (FDUA). The FDUA, established with the mission to enhance the potential of individuals and organizations through financial data, shares knowledge about financial practices concerning organizations, human resource development, and technology. By collaborating under this membership, NTT DATA ABIC aims to leverage its accumulated expertise to further contribute to resolving challenges within the financial sector.

The FDUA focuses on promoting AI and data utilization among financial institutions. They create design patterns to advance the use of data and AI, exchanging information and collaborating with other relevant organizations in the industry. They also host and manage data analysis competitions to showcase the allure of financial data, enhancing its utilization across various platforms.

Objectives of NTT DATA ABIC

NTT DATA ABIC's core mission is to provide necessary systems and services for the sale of investment trusts and insurance at financial institutions, thereby aiding individual asset formation. In light of the recent significant changes surrounding personal asset formation, such as the launch of new NISA (Nippon Individual Savings Account), the company is dedicated to contributing to the digital transformation (DX) of financial institutions through user-friendly and comprehensible services.

By joining FDUA, NTT DATA ABIC intends to further support the leveraging of big data and AI in financial services. This move not only aligns with the company’s strategic goals but also reinforces its commitment to tackling challenges prevalent in the financial landscape. The collaboration with FDUA is an opportunity for NTT DATA ABIC to enhance its offerings by integrating advanced technology and data analytics.

Overview of Financial Data Utilization Association (FDUA)

The Financial Data Utilization Association was established on April 25, 2022, and is located at Heiwa Building, 1-8-1 Nihonbashi Kayabacho, Chuo-ku, Tokyo. The association is led by Representative Director Takuro Okada. Their primary activities include:

1. Creation of design patterns for AI and data utilization within financial institutions.
2. Exchange of information and collaboration with other entities in the financial sector.
3. Organizing and managing data analysis competitions to promote the charm of financial data.

With deep roots in financial analysis, NTT DATA ABIC specializes in evaluating and distributing financial product information, develops and sells packaged systems for financial institutions, and provides consulting services in financial marketing. Since its founding in July 1982, the company has built a robust knowledge base that it now aims to expand upon through its membership with FDUA.

With a capital of 323.12 million yen (as of the fiscal year ending March 2025), NTT DATA ABIC is poised to make significant strides in the finance industry by utilizing big data and AI to further empower its clients and enhance the overall efficacy of financial services. As they embark on this partnership with FDUA, the future looks promising for NTT DATA ABIC and its commitment to driving innovation in the financial sector.