NTT DATA to Showcase Innovative Solutions at Sibos 2023, Addressing Collaborative Finance in a Fragmented World

NTT DATA to introduce its successful Platea banking platform to North American market, as well as shine a spotlight on its new innovations across real-time payments, sustainable banking and banking modernization.

TOKYO – September 14, 2023 – NTT DATA, a global leader in IT services, has announced today that it will be attending Sibos 2023 in Canada, the premier financial services event that brings together thought leaders and decision-makers from around the world. The event will take place from September 18 – 21, 2023 in Toronto, Canada.

Innovative solutions on display at Sibos 2023

Sibos will see NTT DATA introduce Platea banking, its composable open banking solution, to the North American market for the first time. Initially launched in 2019, the Platea platform has helped banks improve their digital banking architectures and sandbox innovation and has had great success across a variety of regions globally, including Japan, Latin America, the UK and the EU. The platform supports NTT DATA clients in their dual digital transformation — transforming the core business through progressive core modernization as well as launching new growth ventures through a greenfield technology stack. This means traditional banks using Platea can operate and compete with new digital players.

NTT DATA will also be holding talks and presentations on its stand B33 throughout the conference. From sessions on core banking modernization to discussions on real-time payments transformation, NTT DATA’s stand will host an array of experts in banking solutions sharing best practice, guidance and advice for financial institutions.

Some of NTT DATA’s other innovative solutions that will be showcased at the event include:

• Silver Banking TV: A digital solution that uses Platea and enables elderly people to access their banking information or receive support from an advisor, through their TV at home.
• Finbow: A solution that educates people on their finances and enables them to better plan for the future. Using real-time data, Finbow provides advice and recommendations on saving, and insights for financial institutions and insurers to guide their clients.
• Supply Chain Finance: A platform that uses SAP Ariba that boosts efficiency across all parts of the banking supply chain and connects banks with their buyers and suppliers. With 100% digital onboarding for suppliers, the platform improves collaborations and increases value of data.
• IoT Lending: An Internet of Things solution that helps people monitor their energy consumption and apply for bank loans to improve appliance efficiency. In addition, NTTD is evolving the solution to consider new features such as green mortgage.
• Hyperpersonalization: Transformation of the customer experience through digital human avatars, AI virtual assistants, and immersive engagement tools. NTT DATA has also built a loyalty platform for banks to better understand their customers through payments data.

Niraj Singhal, Senior Vice President, Head of International Consulting at NTT DATA Services said: “As an organization, NTT DATA is committed to innovation and building better solutions to improve society. With this in mind, we are looking forward to being at Sibos in Toronto this year, where we will be showcasing some of our latest innovations to support the banking community and to improve how consumers engage with banking providers.

“From real-time payments transformation to hyperpersonalization, we are focused on what the future of banking looks like and the impact this will have for consumers. We want to move the conversation away from customer experience and towards customer convenience — Platea has a huge role to play in facilitating this and helping banks create convenient interactions for consumers.

“Ultimately, the consumer needs to be the focal point for the banking sector, and banks that tailor their experiences to meet consumer needs best will be those that are most successful in this new digital era of banking.”

Redefining the future of banking and tackling the biggest global challenges

The theme for Sibos 2023 is 'Collaborative finance in a fragmented world,' addressing issues such as creating a sustainable and inclusive financial industry, risk management in times of economic and geopolitical uncertainty, and balancing technology and trust.

NTT DATA is a global banking innovator and was recently recognized as a Leader in Everest Group’s Payments IT Services PEAK Matrix® Assessment 2023. It is redefining the future of banking with its clients by providing advisory, technical innovation, and implementing major projects to support them in tackling some of the biggest challenges in the sector, including accessibility, inclusion, and sustainable finance.

NTT DATA has more than 24,000 banking and financial services experts within its organization and works with 8 of top 15 world leading banks, across 28 countries and regions across the globe. It also supports 2 of the world’s top 15 Stock Exchanges.

To find out more about NTT DATA’s solutions at Sibos, please visit stand B33 at the event, near Exhibitor Stage 2, or got to https://www.sibos.com/conference/exhibitors/ntt-data-b33