CAFT 20th Anniversary Workshop: Digitalization and the Future of Japan's Financial Services
This July will mark the 20th anniversary of the Bank of Japan's Center for Advanced Financial Technology (CAFT). To celebrate this, the CAFT hosted a workshop entitled "Digitalization and the Future of Japan's Financial Services" on January 31, 2025, at the Bank's Head Office (which was also simultaneously available via web streaming).
The spread of digital technologies provides financial institutions with the opportunity to improve operational efficiency and offer new financial services. Financial institutions have already being doing so through the use of digital channels such as smartphones, and through the use of cloud services, distributed ledger technology, and so on. These developments have been accelerating recently, as seen, for example, in the increased use of generative artificial intelligence. At the same time, financial institutions need to be aware of the risks that new technologies can bring, such as the possibility of cyber-attacks. This workshop reviewed the progress in digitalization and the implications for the future of Japan's financial services, with leading figures from the fields of finance, technology, and academia presenting their ideas. Please see the following documents for further details.
- Program [PDF 96KB]
- Summary of Workshop [PDF 489KB]
- Keynote Speech
KOUGUCHI Hirohide, Executive Director, Bank of Japan
(Title is as of the time of the workshop.)
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