[{"data":1,"prerenderedAt":15},["ShallowReactive",2],{"news-largest-trust-bank-in-asia-pilots-uxp-for-inheritance-record-management-in-japan":3},{"articles":4},[5],{"documentId":6,"title":7,"slug":8,"createdAt":9,"publishingDate":10,"description":10,"content":11,"quote":10,"postAuthor":10,"thumbnail":10,"relatedProducts":10,"industry":10,"relatedPosts":12,"metaData":13},"s9thy9xvft3f735bt7var996","Largest Trust Bank in Asia Pilots UXP for Inheritance Record Management in Japan","largest-trust-bank-in-asia-pilots-uxp-for-inheritance-record-management-in-japan","2021-07-07T13:59:58.000Z",null,"Cybernetica and Sumitomo Mitsui Trust Bank (SMTB), in cooperation with\nEltes and NEC, have started on the second phase of their collaboration,\nutilising Cybernetica's UXP technology in trust banking accross the wide\narray of services offered by SMTB, the largest trust bank in Asia.\n\nThe first phase of the project assessed how UXP can be used to bring\nadditional value to the financial sector services and was completed with\nsuccess.\n\nThe second phase focuses on inheritance record management while also\nverifying compliance with Japanese information security standards. \"We\nare honoured to collaborate with SMTB in such a critical field in Japan\nand humbled by the trust our partners credit to us. This project paves\nthe way for our technologies to be used in the financial sector on a\nlarge scale, tackling the new challenges presented on data security with\nthe demographic changes and the expectations on longetivity it sets,\"\nsaid Oliver Väärtnõu, CEO of Cybernetica.\n\n\"The next phase of the project aims at envisioning the modernisation of the trust business associated with consignors' last will and testament by digitising the whole process; during the PoC period between August and November,\" SMTB representative said.\n\nAccording to Riho Kurg, Head of Data Exchange Technologies at\nCybernetica, the proof-of-concept is offering rewarding challenges. \"Piloting UXP in\ntrust banking services entails several critical factors for us which\nmakes for the perfect assessment of how UXP can add value to the\nfinancial sector as a whole, as well as the ultimate test for UXP\nsecurity. We are inspired by the cooperation we have with our Japanese\npartners and are excited to embark on the next phase of the project,\"\nKurg said.\n\nThe Sumitomo Mitsui Trust Group, with SMTB being the core organization,\nis the only Japanese bank specializing trust banking services. It has\nhad a long track record of providing wholesale and retail clients with\n‘total solutions’ in the form of synthesized services relating to\nbanking, asset employment\u002Fmanagement, and real estate.\n\nNEC is globally promoting its “Social Solutions Business,” which creates social value that includes stability, safety, efficiency and equity. Utilizing advanced technologies such as AI and security solutions, NEC delivers secure and hospitable financial services for people and industry throughout the world.\n\nEltes, hoisting a flag of creating social infrastructure to cope with\nrisks, is providing solutions to reduce corporates’ risk exposures based\non technologies relating to big data analysis.",[],{"metaTitle":14,"metaDescription":10,"shareImage":10},"Largest trust bank in Asia pilots UXP",1788355421508]