ExaWizards Announces “exaBase Corporate Search for Regional Banks” (exaBase 企業検索 for 地銀) to Support Corporate Businesses of Regional Banks ～Providing an information platform enables AI searches of local companies, enabling financial institutions to create new business~
ExaWizards Inc., a company that develops AI-enabled services to solve social issues (Headquarters: Minato-ku, Tokyo; Representative Director & President: Ko Ishiyama; hereafter, “ExaWizards”) announces “exaBase Company Search for Regional Banks” to support the realization of new business which will lead business growth of local small and medium companies, using the experiences and know-how of DX and data/AI utilization support for regional banks.
“exaBase Company Search for Regional Banks” is an information platform that enables regional financial institutions to find business successor partners for regional companies and visualize business opportunities by analyzing data collected by AI on 4.5 million corporations nationwide, correlated information on technology, and the latest trends, as well as corporate data held by regional financial institutions themselves. The system is an information platform that enables regional financial institutions to find business succession partners for regional companies and visualize business opportunities. The system can be provided not only in a SaaS format, but also in an on-premise format.
The system will help regional banks and other regional financial institutions to realize DX, contribute to solving regional issues, and drive the growth of regional companies. Specifically, the system can be used to realize businesses such as: (1) advanced business succession and M&A business, (2) business consulting based on industrial knowledge, and (3) regional trading company of industrial products.
It enables regional financial institutions to differentiate themselves from other banks in their lending operations and establish new sources of revenue, thereby contributing to regional development. The system can be connected to systems in use at each bank, such as sales management systems, and by linking data via the system, information is constantly updated and the latest analysis results can be obtained. It enables regional financial institutions to differentiate themselves from other banks in their lending operations and establish new sources of revenue, thereby contributing to regional development. The system can be connected to sales management systems and other systems in use at each bank, and by linking data via the system, information is constantly updated and the latest analysis results can be obtained.
☑ Background of development and provision
Regional financial institutions continue to face pressure to reduce loan interest rates and revenues in their main business, corporate lending, due to the prolonged low interest rate environment and competition from other financial institutions. In addition, society expects them to play a role as “drivers of regional economic revitalization. In this business environment, regional financial institutions have voiced their desire to leverage their strong points of contact with regional companies and data to offer new business and value, but they are not fully utilizing the data, or they do not know how to utilize the data or lack the resources to do so.
To address these issues faced by regional financial institutions, ExaWizards provides “exaBase Corporate Search for Regional Banks,” a platform that enables easy matching of business succession of regional companies and discovery of business opportunities by simply linking information such as corporate profiles of business partners held by each bank. Regional financial institutions can use this platform to find business opportunities for their customers.
Regional financial institutions can use this mechanism to (1) advance their business succession and M&A business, (2) provide business consulting based on industrial knowledge, and (3) conduct regional trading company business for industrial products. This service provides one-stop access to AI/DX strategic consulting and a wide range of technology assets based on ExaWizards’ experience in projects in the financial industry.
Utilizing the exaBase Corporate Search*, which contains data on approximately 4.5 million corporations, the service provides the AI models needed to realize business and the knowledge and resources necessary to make it a business, tailored to each bank’s situation and needs. Regional financial institutions will be able to differentiate themselves from other banks in the corporate lending business and establish new sources of revenue. We also support the development of individual AI and data utilization according to business requirements.
※ exaBase Company Search
Since its foundation, ExaWizards has accumulated technology assets provided to 500 or more customers through about 250 projects per year in a reusable format as “exaBase.”exaBase Company Search is a search engine dedicated to company information which enables to collect enormous, related information covering domestic companies by crawling and associating information disclosed on the Web including the Web sites of companies with the corporation numbers of about 4.5 million companies listed in gBizINFO, which is provided by METI.
☑ Application example
(1) Sophisticated Business Succession and M&A Business
The Bank will combine the characteristics of local companies (industry, business, financial information, etc.) and information on their managers held by each bank with information on companies throughout Japan and industry trends and news stored in the exaBase Corporate Search.
As a result, we predict business succession needs and identify corporate pairs that can be expected to create synergies through M&A. When the buyer (investor) is specified, the potential seller (investee) companies that can be expected to generate synergies through M&A can be extracted, and when the seller is specified, the potential buyer companies can be extracted.
This enables the identification of business succession needs that have been difficult to identify in the past, as well as the proposal of potential synergy partners through M&A to local companies.
(2) Business consulting based on industry knowledge
We extract and organize information necessary to understand the industrial structure of growth industries that may provide new business opportunities for local companies, from government documents available on the Web, industry news, and information (text information) held by financial institutions. We visualize the relationship between the products/technologies of local companies and the potential for business development.
The information is difficult to obtain through ordinary Web searches, and supports an accurate understanding of the industrial structure. This enables us to evaluate the business potential of local companies and strengthen our consulting capabilities.
(3) Regional trading company business for industrial products
For orders for industrial products from companies inside and outside the region, we will identify regional companies that are capable of handling the orders. For example, through collaboration with a leasing company, we can consider leasing manufacturing equipment with embedded IoT devices and conduct matching business that takes into account even the operational status of the equipment.
We support the realization of new businesses that can help SMEs capture demand, reduce their sales load, and optimize order placement and receipt in the region.
☑ How to Use
Regional financial institutions can easily start using the system by simply setting up a contact person in the Corporate Planning Department or Sales Strategy Department who is in charge of examining corporate business strategies. In promoting the use of AI/data, it is important for each bank to clarify the outline of the business it wishes to realize and its targets, and to define the appropriate steps to achieve them. Based on the outline of the business and its targets, ExaWizards’ AI consultants will assist in defining the business requirements and designing a PoC, while our engineers will understand the format and content of each bank’s data, develop an AI model, and implement the model onsite.
☑ Timing and Release format
exaBase Corporate Search for Regional Banks will be available as needed from October 1, 2022 for regional financial institutions that wish to accelerate DX for their corporate business.This service will be available in a subscription format, covering the entire process from the definition of business requirements to the development and on-site implementation of AI models. The service can also be provided on-premise or as a stand-alone service, or in portions as needed, depending on the current situation and issues faced by the institution.
※Example of track record of ExaWizards in the financial industry
・Nihon M&A Center Inc. adopted “exaBase Company Search,” which is a search engine dedicated to company information
・Construction of “TRANBI Compatibility Analysis (TRANBI相性分析),” which is a function to diagnose compatibility between buyers and sellers in M&A
・Capital and business alliance with Mitsubishi UFJ Financial Group
・Capital and business alliance with SMBC Nikko Securities
・Upgrading corporate sales at several major financial institutions
[ExaWizards Corporate Profile]
Company name: ExaWizards Inc.
Location: 21F, Shiodome Sumitomo Bldg., 1-9-2, Higashi Shimbashi, Minato-ku, Tokyo
Representative: Ko Ishiyama, Representative Director & President
Description of business: Industrial innovation and resolution of social issues through the development of AI-enabled services
<Contact for public relations>
E-mail address of the Public Relations Division of ExaWizards Inc.: email@example.com