TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Network Services

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from NTT Docomo Media Center

Network Services

Docomo and Mizuho Bank testing network-connected auto loan service in Indonesia

Via NTT Docomo Media Center

Mar 1, 2019

TOKYO, JAPAN, March 1, 2019 --- NTT DOCOMO, INC. and Mizuho Bank, Ltd. announced today that they are jointly conducting a proof-of-concept trial in Indonesia through their respective local subsidiaries from March 1 to November 30 to test an advanced financial service --- network-connected auto loans. The service combines data from an in-vehicle device tracking the vehicle's location and financial information held by Mizuho Bank with the aim of helping financial institutions to optimize the management of their car loans.

Indonesia, a country of around 260 million people, is expected to enjoy continued strong economic growth. As income levels rise, personal transportation preferences will likely shift from two-wheeled to four-wheeled vehicles, which should result in a rising demand for auto loans. At the same time, financial institutions that provide auto loans are faced with the challenge of reducing loan delinquencies and defaults, as well as ensuring the smooth recovery of vehicles after defaults occur. This trial seeks to determine the extent to which these issues can be solved by using an in-vehicle device with remote engine control and location tracking capabilities.

The trial service is one of the latest examples of DOCOMO's efforts to collaborate with partners to interconnect cars and data for diverse value-added services that enrich the experience of automotive transportation. Mizuho is leveraging its expansive financial expertise to support economic growth in Asia by expanding its retail financial services outside Japan and creatively using data acquired through new technology.

Going forward, DOCOMO and Mizuho aim to expand the service both within Indonesia and throughout the ASEAN region as well as jointly develop a variety of data-driven businesses. The proof-of-concept trial will enable them to acquire valuable insight and expertise regarding the potential for connected auto loan services as well as additional financial services based on the combination of financial and vehicle movement data.

Related Topics
  • Announcement,
  • Asia-Pacific,
  • Finance & Banking,
  • Mobile,
  • Network Services,
  • NTT Docomo,
  • Telco & CSP,
  • Tracker

More Like This

The Great Telco Debate

Keeping the customer satisfied: Why true DSPs will lead the way

Dec 4, 2020

Edge

The Pandemic and the Network Edge

Dec 3, 2020

Digital Platforms & Services

UK aims to ‘defang’ Web giants with pro-competition rules

Nov 27, 2020

Digital Platforms & Services

COVID-19 Increases Urgency for Banks to Transform Payment Systems as Digital Payments Soar, Finds Research From Accenture

Nov 24, 2020

Digital Platforms & Services

The regulators’ revenge: Why Jack Ma lost his Ant Group IPO

Nov 9, 2020

This content extract was originally sourced from an external website (NTT Docomo Media Center) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

1:4:29

Great Telco Debate: Live Debate – Day 2 (On-demand)

1:18:20

Great Telco Debate: Live Debate – Day 3 (On-demand)

43:08

Developing an ecosystem for vRAN

2:23

The TelecomTV Snapshot: The Great Telco Debate 2020 - CSP Highlights

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices