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Why did Singapore DBS Bank's digital banking transformation succeed?

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Have you ever heard of "DBS Bank" in Singapore? DBS Bank is now attracting worldwide attention for being one of the world's best examples of a successful "digital bank". The fact that it was named World's Best Digital bank by Euromoney, a financial information magazine, twice in 2016 and 2018, is proof of its ability. In this article, I will draw on the content of the book "The Birth of Amazon Bank: The Next Generation Financial Scenario in 2025" to address the question of why DBS Bank's digital banking has been so successful. What is DBS Bank in Singapore? Let's start by explaining what kind of bank DBS Bank is. DBS Bank was established in 1968 as "The Development Bank of Singapore", shortly after its independence from the United Kingdom in 1963 and Malaysia in 1965. In 2003, the bank changed its name to DBS Bank, which comes from the initials of its original name. DBS Bank, which started in Singapore, now has more

Is New Retail the final form of retail? The Past and Future of New Retail

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Liu Jun, author of The New Retail Revolution: What's New Retail from China? , gave a special lecture at Futago Tamagawa Tsutaya yesterday The content of the talk was basically based on the content of the book, but in Q&A;A, "Is New Retail the Final Form of Retail? The answer to the question "What do you think? How will China's new retail landscape change in the future? What is new retail in the first place? looking back at the "newretail" of the past What's the future of "new retail"? Compilation What is New Retail? In thinking about the future of new retail, it is necessary to first consider what new retail is. New Retail, Liu says, is "more efficient retail" and not the "most efficient retail". In other words, in terms of increasing efficiency, new retail is something that has been and will continue to be around. A look back at past "New Retail" As an example, Mr.

Transition of Digital IDs from Centralized ID to Self-Sovereign Identity (SSI)

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In recent years, there has been a lot of attention paid to "Self-Sovereign Identity" as the future of digital identity. On the other hand, in order to think about the future, we also need to know about history.  What kind of changes have digital IDs undergone in the first place? In this article, I would like to explain the evolution of digital identity in four forms, referring to the classification of the article by Christopher Allen. Changes in digital identity, four forms Digital ID is easy to understand if you think about it in four forms. Centralized Identity Federated Identity. User-Centric Identity Self-Sovereign Identity From the first centralized ID to the fourth self-sovereignty ID, the authority and subjectivity of the user has increased. These have not completely migrated in each phase, and centralized ID still exists today, so it is easy to understand if you think of it as a gradation. In what follows, each identity will be explained.