IDENTIFY REVENUE SHIFTS, MARKET ADJACENCIES & UNKNOWNS THAT IMPACT
FISERV IN DIGITAL PAYMENT
YC Shift: The increasing awareness and applicable knowledge of disruptive technologies among the end-users are driving the adoption/exploration of AI, blockchain, digital supply chain, web 3.0 technologies Blockchain-based YC shifts: Market leaders from the Automotive industry (Volkswagen, General Motors, BMW, Ford), Retail industry (Aura, Helzberg Diamond and Richline Group, Walmart), Aviation industry (IATA, Swiss Air, Jeju Air) have piloted blockchain projects like exchanging runway takeoff slots, transparency in spare parts warehousing and maintenance history, customer data protection. AI-driven YC shifts: AI solutions are widely adopted by almost all major industries as AI and ML are becoming a part of the standard IT environment of prominent companies such as KIA Motors America, National Oilwell Varco, Dulux Group, Schneider Electric, Exelon Corporation, Princeton University, TVS Motors, Porsche, Honda, Google, Amazon, Meta, IBM. Supply chain-oriented YC shifts: Major companies from across verticals such as Nissan, Amazon, NAEKO Logistics, Walmart have already invested in IoT, Drones, Analytics, and Blockchain technologies applications like traceability, warehouse management, integrated MIS across industrial plants, logistics optimization, and last-mile connectivity. Interconnections: Blockchain: Autonomous vehicles, fleet management, traffic management, route optimization, tracking and verifying financial credit eligibilities, drones/UAV, anti-counterfeit monitoring, warehouse management, flight crew data management, Airport ground operations, online investment and trading, Anti-money Laundering, Fraud Detection and Prevention, Casino management, Disaster management, Critical Infrastructure security, Metaverse Artificial Intelligence: Collaborative robots, robotic hardware, patient assistance, remote health monitoring, robotic surgeries, preventive medication, interactive displays, POS and self-checkout systems, AR/VR, customer experience management, self-healing networks, carbon footprint management, Green Technology and Sustainability Supply Chain Solutions: Robotics, humanoid robots, mobile robots, autonomous shuttles, last-mile delivery robot, 5G IoT for resilient connectivity, NB-IoT can be leveraged to multi-fold the revenue of supply chain solution providers. Unknowns: Blockchain solutions ensure compliance metrics between OEMs and suppliers, prevent shipment delays due to documentation errors, improve the efficiency in the management of encryption keys and certificates, blockchain-based verification for digital financing, real-time route optimization for autonomous vehicles, transparency in cross-border car history to boost international used car markets Artificial Intelligence solutions are attracting investments for solutions that are into RPA, Travel Platforms, Healthcare, AI Chips, Autonomous Cybersecurity, Drug Discovery, Legal AI, Cyber threat management, NLP, In-memory computing, Customer facing chatbots. Supply Chain solutions are explored to address problem statements like IoT-driven transparency and resiliency for revenue acceleration, Car/Truck OEMs exploring supply chain solutions for direct ride-sharing opportunities, fleet management for improved visibility on operation margins, V2X connectivity for public safety and regulatory compliance RI created: MnM had identified potential opportunities up to USD 50 million (Blockchain), up to USD 350 million (Artificial Intelligence), and USD 100 million (Supply Chain solutions) that can be tapped by Hitachi over the next five years. In addition, MnM has provided real-world technology use cases and success stories of early adopters and disruptors in traditional and new-age industries that can catalyze Hitachi's innovation and strategy road map.
Description YC Shift: Open API banking-based services offered by key challenger banks in mortgage, auto loans, micro lending, and insurance are some of the key emerging applications that Wells Fargo could focus on. Some other high-potential use cases include trade financing, treasury as a service, billing as a service, buy now pay later, and cryptocurrency. Interconnections: MNM identified interconnected opportunities for Wells Fargo where technology-based open API banking offers high growth potential AI & Analytics (Financial forecasting & budgeting, asset and portfolio management, fraud detection, eKYC processing, trade finance automation) IOT in BFSI (Leasing finance automation, smart collaterals, wallet of things, smart payment contracts) Blockchain in BFSI (Payments and settlements, trade finance, P2P transfers, fundraising, KYC & Identity management, microinsurance) Unknowns: MNM helped identify key applications and use cases in the financial sector that Wells Fargo can target as growth opportunities. In addition, MNM assessed and evaluated the opportunity in market size and dynamics for each identified application. RI Created: MNM helped assess the competitive landscape of API banking services offered by key industry vendors where the current and future opportunities lie in leveraging advanced digital technology to offer better products/services. Based on a detailed competitive assessment (including risk assessment) and quantitative evaluation, MNM could help unlock a global revenue opportunity of USD 80 billion for digital technology-enabled BFSI products/services and narrow down on some of the high-growth applications within each technology cluster. Microsoft could assist Wells Fargo in developing a Smart Finance Engine (SFE) business model to drive USD 15 million worth of services in FY23.