What is the main purpose of building and launching the "Data Sharing Platform"?

It aims to facilitate smooth information and data linkage between asset managers and trust banks, unifying the methods of linkage.

Which government plan is this initiative to reform the asset management industry a part of?

This initiative is a part of the government's "Asset Management Nation Realization Plan."

What long-standing challenge in the investment management industry requires unifying data linkage methods?

Unifying data linkage methods is essential for realizing single-party calculation of investment trust net asset values.

Who are the companies that built and launched this new Data Sharing Platform?

It was built by Daiwa Securities Group Inc., Daiwa Institute of Research Ltd., Sumitomo Mitsui Trust Group, Inc., and Sumitomo Mitsui Trust Bank, Limited.

Who signed a contract as the first user of the newly launched Data Sharing Platform?

Sumitomo Mitsui Trust Bank, Limited signed a contract with Daiwa Asset Management Co. Ltd. as the first user of this Platform.

AI News NQ Analysis

Launch of a 'Data Sharing Platform' to Enhance Operational Efficiency Across the Asset Management and Administration Industry

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AI Summary (NQ-processed)

Daiwa Securities Group and Sumitomo Mitsui Trust Group have launched a 'Data Sharing Platform' to streamline operations in the asset management industry. It aims to unify information linkage between asset management companies and trust banks, reducing their operational burden.

AI Analysis

Frequently Asked Questions

Q: What is the main purpose of building and launching the "Data Sharing Platform"?: A: It aims to facilitate smooth information and data linkage between asset managers and trust banks, unifying the methods of linkage.
Q: Which government plan is this initiative to reform the asset management industry a part of?: A: This initiative is a part of the government's "Asset Management Nation Realization Plan."
Q: What long-standing challenge in the investment management industry requires unifying data linkage methods?: A: Unifying data linkage methods is essential for realizing single-party calculation of investment trust net asset values.
Q: Who are the companies that built and launched this new Data Sharing Platform?: A: It was built by Daiwa Securities Group Inc., Daiwa Institute of Research Ltd., Sumitomo Mitsui Trust Group, Inc., and Sumitomo Mitsui Trust Bank, Limited.
Q: Who signed a contract as the first user of the newly launched Data Sharing Platform?: A: Sumitomo Mitsui Trust Bank, Limited signed a contract with Daiwa Asset Management Co. Ltd. as the first user of this Platform.