Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Japan
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
SoftBank supports start-ups under the radar
The Japanese technology giant invested $5 billion into Latin American “unicorns”.
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
TSE launches data sandbox for securities tech
Tokyo Stock Exchange calls for data and innovation partners.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
Mizuho understood to be rolling out Flexcube core banking tech
EXCLUSIVE: Oracle to modernise Mizuho’s corporate and commercial banking tech.
Tokyo calls for foreign fintechs to enter accelerator programme
Start-ups will be mentored by leading Japanese financial organisations.
Sumitomo Mitsui Trust Bank takes Acumen to reside with Flexcube
Acumen is a common treasury solution alongside Oracle FSS’s Flexcube.
Video: fintech news weekly round-up – 30 April 2019
SoftBank invests in Wirecard, Tencent in Argentinian Uala, and other Visa news.
Sumitomo Mitsui Trust Bank turns to Oracle FSS for tech modernisation
EXCLUSIVE: SMTB is modernising its core, lending and payments tech for corporate banking in Japan and abroad.
SoftBank invests €900m in Wirecard for APAC push
Wirecard is struggling amidst fraud investigations.
Fukui migrates to IBM Cloud to meet digital banking demands
The bank wants to respond quickly to changing customer preferences.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Instarem aims at Japan and Indonesia with $41m funding
This latest round takes InstaReM’s total funds secured to $59.5 million, with an expected IPO in 2021.
Former MtGox boss gets suspended jail on account of data falsification
However, he was cleared of all other charges, including embezzlement.
Fitting Hub right fit for Japanese banking on blockchain
Five regional banks plan April launch of new service.
Japan to unleash national digital currency J-Coin Pay
60 financial institutions team up for new smartphone payment service.
French card firm Evolis creates Japanese subsidiary
The company is aiming for a long-term presence in the country.
Japan’s fintech boosted by nonbank money transfers
The Financial Services Agency will grant licences for a more competitive nation.
MUFG and Akamai unleash blockchain-based payment network
New joint venture called the Global Open Network.
CUBE wins MetLife Insurance regtech project
A small-sized pilot project that could lead to a major win.
R3 and SBI team up to push Corda in Japan
A new joint venture for blockchain rises in the east.
Infinito blockchain platform is one stop show
All-in-one and designed for businesses and developers.
Mizuho makes move on Chinese fintech start-ups
Signs MoU with Zhongguancun Development Group for fresh talent.
MUFG launches new $185m fintech fund
With a focus on innovation and partnerships.
Seven Bank ATMs go biometric for account opening
Japanese bank plans to introduce face recognition capabilities.
MUFG picks TCS Bancs to consolidate payments
MUFG replaces a host of disparate payments systems with one regional hub powered by TCS Bancs.
Line and Mizuho plan new mobile bank in Japan
Messaging app and bank to establish JV through their subsidiaries.
SBI Ripple Asia leads payment fraud fight in Japan
Proof of concept will run on the Corda network.
MUFG and Bradesco create Ripple-s with new cross-border payment service
Planned service between Japan and Brazil will use Ripple’s technology.
SBI Ripple Asia launches MoneyTap in Japan
Ripple-powered payments app offers real-time settlement.
SoftBank takes the internet out of IoT
Users can transmit data to devices without allocating an IP address.
Hackers steal $60m from Japanese crypto exchange Zaif
Owner Tech Bureau asks for $44.5m in financial assistance to deal with issues.
SoftBank trials blockchain-based mobile payments
Teams with Synchronoss and TBCASoft for proof of concept.
Rakuten acquires crypto exchange Everybody’s Bitcoin for $2.4m
Japanese e-commerce firm might get everybody talking.
Line launches cryptocurrency Link
Japanese firm says it will not make an initial coin offering.
Paytech Paidy sitting pretty with Visa investment
Japanese post-pay outfit goes public with Visa backing.
ML instinct fuels Aberdeen Standard Investments’ new fund
It will use machine learning to identify sources of potential returns.
