MILIZE Introduces Life Plan Simulation Function to Chiba Bank's "Chibagin App"
MILIZE announces the introduction of a life plan simulation function developed by the company into the "Chibagin App," a smartphone application provided by The Chiba Bank.
Background of Implementation
In recent years, personal life planning has become an increasingly important issue due to rapid social changes and the increasing complexity of the economic environment. With the progression of declining birthrate and aging population, as well as diversification of work styles, needs for asset management and life planning over the long term have diversified, requiring more detailed support.
Against this backdrop, Chiba Bank decided to introduce a life plan simulation function as a new initiative to support customers' life planning, based on its purpose of "creating a regional society where each person's aspirations can be realized more fully."
MILIZE, utilizing financial engineering and AI technology as a partner supporting DX promotion for regional financial institutions and solving customer issues, was responsible for the development and provision of this function.
Overview of Life Plan Simulation Function
This function calculates future income/expenditure and savings trends based on information entered by customers. By utilizing statistical data, it is possible to enter information easily even without knowing detailed amounts such as annual income and living expenses. It supports a shift from conventional one-time life plans to long-term, life-accompanying life plans.
Main Features
Easy Input for Everyone
Statistical values are displayed in input fields for annual income and living expenses. Even without knowing detailed amounts, customers can easily enter information using statistical data.
Intuitive and Easy-to-Understand "Life Design Screen"
Entered information is reflected in graphs, allowing goal design while confirming future savings amounts.
The life design screen consists of the following three elements:
- Income and Expenditure Graph: Displays future household cash flow trends in an easy-to-understand graph based on registered information. Can also display combined with spouse's income.
- Cash Flow Table: Detailed income/expenditure and savings amounts by age can be checked by horizontal scrolling.
- Advice: Provides advice based on comparisons with the same age group and simulation results.
"Goal Cards" for Managing Preparation Funds for Events
Freely set target amounts for various life events such as marriage, home purchase, and education funds. Can simulate whether savings will be insufficient at the age when the event occurs.
This initiative combines MILIZE's financial expertise and technology as a concrete tool to support the realization of dreams and goals for each customer in close connection with the local community.
Moving forward, through collaboration with Chiba Bank, MILIZE will continue to support each customer's life planning.
Norbert Gehrke
