banking
Mizuho Financial Group has released its financial results for FY24 (ending in March 2025), showcasing a year of significant progress and notable achievements. The organization has demonstrated a solid increase overall, primarily driven by larger non-interest income and a positive impact from the Bank of Japan's rate hikes.
banking
MUFG concluded the fiscal year ended March 31, 2025, showcasing a complex picture of both challenges and notable successes. While Net Operating Profits experienced a decrease, the institution witnessed a remarkable surge in customer segments, demonstrating the effectiveness of its customer-centric strategies. This year marked a pivotal point in MUFG&
banking
SMBC Group reported on its financial performance for the fiscal year ending March 2025 (FY3/2025). The organization highlighted record achievements, primarily fueled by the robust performance of its core domestic market business. These gains were strategically leveraged to fortify future initiatives and address potential vulnerabilities arising from evolving trade
carbon
Sustainable Lab, which provides the platform "TERRAST for Enterprise" to support corporate ESG information disclosure and financial/non-financial data analysis support, has signed an agreement with Tottori Bank to cooperate in helping regional companies achieve ESG and sustainability management. Background of Collaboration Regional companies face unique challenges in
leasing
Hitachi ZeroCarbon and MUFG have joined forces to supercharge the global transition to electric vehicles by removing the technical and capital constraints to decarbonisation. In combining Hitachi’s technology and operational expertise with MUFG’s financial strength, fleets benefit from strategic EV guidance and support, and reliable access to low-cost
payments
Digital Garage's financial report for the fiscal year ending March 2025 presents a nuanced picture of growth and strategic realignment, characterized by significant progress in its core payment solutions segment alongside challenges and forward-looking initiatives in its long-term incubation and global investment sectors. The company's strategic
neobank
Rakuten Bank announced its FY3/25 financial results, exceeding expectations in both ordinary and net profits. Full-year ordinary profits reached ¥71.5 billion, representing a 47.8% year-over-year increase and surpassing the company's guidance of ¥69.0 billion. Net profits also demonstrated strong growth, totaling ¥50.8 billion,
consumer finance
Credit Saison's Indian subsidiary has begun raising funds through External Commercial Borrowing (ECB) loans. The subsidiary has signed a contract to execute a 150 million US dollar ECB loan from Mizuho Bank, which is a capital participant in Credit Saison India. Read also: "Mizuho Bank to invest
artificial intelligence
ExaWizards has entered into a strategic partnership with Fukuoka Financial Group (FFG), intended to leverage AI agents to drive FFG’s business transformation, enhance productivity, and create new banking models. Background of the Partnership ExaWizards has been using their generative AI expertise and advanced technological capabilities to assist in streamlining
weekly
Welcome to the one hundred eleventh edition of the Japan FinTech Observer. For many, this was a three-day working week. For some, it was a four-day working weekend. Reading the announcements of Sony Bank's migration to a new core banking system reminded us of our own time in
cloud
Sony Bank, in collaboration with Fujitsu, has launched a next-generation digital banking system built on Amazon Web Services (AWS), revamping its core banking system. The financial industry environment is evolving with technological advances. As customer needs diversify, there is increasing demand to improve customer satisfaction through enhanced convenience and value
neobank
SBI Sumishin Net Bank (SSNB) has delivered a strong financial performance for the Fiscal Year 2024, concluded on March 31, 2025. The results are characterized by robust growth in both income and profitability, although slightly missing targets on ordinary profit (95% of forecast), mortgage loan origination (97%), and number of