Metaverse for Financial Services | NTT DATA

Whitepaper

Challenges and opportunities of the Metaverse in Financial Services

A Banking and Insurance vision

The development of a metaverse by a financial institution brings multiple advantages both for the end customer and for the staff, and we are still not close to maximizing its potential. Although incorporating it into the commercial strategy of a financial institution entails several challenges such as data control or compliance with the regulatory system, the metaverse is not a fad that will disappear, but rather a necessity that will only become more useful when it comes to stay ahead of the competition.

At NTT DATA we understand the importance and value of early adoption of advanced technologies such as metaverse, Web3 or blockchain and turning them into a competitive advantage for companies in the financial sector.