#Japan #Fintech #CREST #Chiyoda #Finatext

Finatext Unveils New Functionality Modules for Crest

Finatext, a leading fintech company based in Chiyoda, Tokyo, has announced the launch of standalone functionality modules for its SaaS credit core system, Crest. This initiative aims to facilitate the digital transformation of financial institutions by offering modular features that can be integrated without overhauling existing systems. The new modules can help lenders, banks, leasing companies, and financing service providers reduce implementation costs and expedite their transition to more efficient operations beginning August 1, 2025.

Background of the Offering

The financial industry is currently undergoing significant changes, with many institutions looking to enhance and adapt their existing business models. There's a growing demand for system infrastructures that can respond flexibly to market needs while also addressing operational cost reductions, stricter regulations, and heightened consumer protection. Crest aims to meet these demands by providing a modern cloud service that employs AI technology to digitalize processes from credit and contract management to user-facing application development.

With features that promote paperless operations and automation, Crest can accommodate the complex business operations of financial institutions while maintaining flexibility. The introduction of modularity in the new offering allows clients to selectively implement specific functionalities that address their immediate needs, paving the way for gradual digital transformation without substantial upfront costs.

Features of the Functionality Modules

1. Optimal Selection Based on Needs

The functionality modules enable clients to choose only the necessary features for their operations, optimizing specific business processes in a short period. In addition, the incorporation of AI-driven automation can significantly enhance operational efficiency and user experiences.

2. Gradual Evolution with Minimal Impact

Organizations can start with essential features and add additional functionalities over time in response to business growth and changes, which allows a gradual evolution while minimizing disruption to current operations.

3. Ease of System Integration and Improved Operational Efficiency

By offering a combination of API support and dedicated interfaces, Crest enhances the ease of integrating with existing systems. This simplifies operations and allows staff to concentrate on value-added tasks, made even easier through AI automation and enhanced accuracy in routine tasks.

Offered Functionality Modules

Finatext's functionality modules include:

1. Account Management Module

• - Complex interest calculations and flexible rate settings
• - Automated loan disbursement and repayment
• - Data model allowing immediate disclosure of statutory records and transaction histories
• - Scheduling capabilities for early repayments and contract modifications
• - Comprehensive compliance features for regulations, such as interest rate limits and total amount regulations
• - Flexible design functionalities for promotional rates and interest-free periods
• - User-friendly customer management interface

2. Income Verification Module

• - Fully digitalized income verification management from submission to confirmation
• - High-accuracy document recognition and information extraction utilizing generative AI technology
• - Secure URL issuance system ensuring a safe submission environment
• - Seamless integration with existing systems through APIs
• - Future plans for linkage with My Number Portal

3. Credit Information Module

• - Streamlined connectivity with credit bureaus for efficient operations
• - Automatic inquiry and assessment functions
• - Report data formatting and transmission capabilities via API
• - Scoring based on credit information for better risk management

4. Application Module

• - Delivering an exceptional user experience via the Crest APP
• - Comprehensive My Page features for contract details, balance checks, borrowing and repayment, and transaction history
• - Retaining application information previously held by guarantee companies as proprietary data

Visualizing the Functionality Modules

Here’s an illustrative concept of how the functionality modules will operate within various business processes.

About Finatext Group

Finatext Group, headquartered in Tokyo's Chiyoda district, is a fintech enterprise committed to reinventing financial services through advanced infrastructure solutions. The group aims to radically redefine financial services from a user-centric perspective, developing innovative financial products with partner firms. It encompasses several subsidiaries, including Finatext, Nowcast, SmartPlus, and SmartPlus Short-Term Insurance, all working towards creating a world where financial services more closely align with everyday life.

Finatext Company Information

• - Name: Finatext Holdings
• - CEO: Ryota Hayashi
• - Stock Code: TSE Growth Market 4419
• - Established: December 2013
• - Location: 1-8-10, Kudankita, Chiyoda, Tokyo, Japan
• - Official Website: Finatext

Finatext at a Glance

Finatext specializes in providing infrastructure in the fintech and insurance sectors, emphasizing rapid evolution in financial service offerings. With its motto being "Fastest to the New Frontier of Finance," the team serves to guide financial institutions through their transformation journeys. Their range of solutions includes several innovative services aimed at improving customer experiences and operational efficiency.