Japanese Yen stablecoin JPYC started joint research with Korea’s ITCEN
JPYC has signed a memorandum of understanding (MOU) with ITCEN, a major Korean IT company, to begin joint research in the stablecoin field.
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Japan FinTech Observer #82
Welcome to the eighty-second edition of the Japan FinTech Observer.
BNY and Mizuho Bank to collaborate on Trade Services
The Bank of New York Mellon Corporation (“BNY”) and Mizuho Bank jointly announced a landmark agreement for correspondent bank network…
Money Forward reports Q3 results
Money Forward, a Japanese financial technology company, hosted its FY11/24 3Q Financial Results Briefings Call on October 15, 2024. The…
Next generation Zengin System delayed to 2028
Since its second generation, the Zengin System has been updated every eight years. This implied the eighth generation was scheduled for…
DMI Finance, MUFG portfolio company, faces lower growth after RBI action
The Reserve Bank of India (RBI) has taken action against DMI Finance, a major new-age non-banking finance company (NBFCs) and recipient of…
Digital Garage and Resona launch B2B payment service “Online Bill Payment”
Digital Garage has launched the B2B payment service “Online Bill Payment by Card” together with Resona Holdings. The service is now…
Mitsubishi to invest in Ayala joint venture with stake in Mynt
Mitsubishi Corporation (MC) announced that MC, Ayala Corporation (AC), and AC Ventures (ACV) have reached an agreement on MC’s investment…
Wise granted approval to join Zengin, Japan’s domestic payment system
Wise has become the first non-bank operating in Japan to be granted approval to join Zengin, Japan’s domestic payment network.
double jump.tokyo makes LP investment in Neoclassic Capital
double jump.tokyo, which had just raised over USD 10m in funding in its Series D first closing at the end of August, has made an LP…
Sumitomo Mitsui Financial Group partners with OpenAI
SMBC Group has been actively working on its own digital transformation (DX) and providing digital-based value to customers in pursuit of…
Seven Bank to utilize 7iD purchase data for card loan credit screening
Seven Bank has implemented a time-limited initiative starting today, Wednesday, October 16, 2024, to utilize data from “7iD,” a common…