payments
The Financial System Council's Working Group on Payment Services has published its key findings and recommendations today. The report addresses emerging issues in the Japanese FinTech landscape, focusing on payment and settlement services, crypto-assets, stablecoins, and other related topics. It proposes several regulatory adjustments to balance innovation with
banking
freee has completed its registration as a Financial Services Intermediary, allowing it to begin offering "freee Branch" accounts for corporate customers by leveraging the Banking as a Service (BaaS) platform of GMO Aozora Net Bank. Under its mission to "Make small businesses the protagonists of the world,
capital markets
Leveraging the new standardized framework for regulatory reporting based upon ISDA’s globally promoted "Digital Regulatory Reporting (DRR)" solution and the FINOS open source managed "Common Domain Model (CDM)", the Japan Securities Clearing Corporation (JSCC) plans to begin production-parallel operations of its regulatory reporting to the
payments
On December 24, 2024, the 7th meeting of the Financial System Council's Working Group on Payment Services was held, reviewing a draft of the working group's report to be published in 2025. As background, the "Grand Design and Action Plan for New Capitalism" (Cabinet
banking
The Financial Services Agency (FSA) has issued a business improvement order to AEON Bank pursuant to Article 26, Paragraph 1 of the Banking Act. I. Content of the Business Improvement Order 1. The Bank shall implement the following measures to foster a sound risk culture that emphasizes anti-money laundering and
banking
The Bank of Japan has published an annex to its "Financial System Report" focusing on the results of a cybersecurity self-assessment (CSSA) for regional financial institutions in Japan during fiscal year 2023. 1. Introduction & Background * Purpose of the Report: The Bank of Japan (BOJ) and the Financial
crypto
In December 2024, the Liberal Democratic Party Digital Society Promotion Headquarters established a new "web3 Working Group" and started a system in which the experts who have been providing continuous advice from a professional perspective as WG members of the previous web3PT (web3 Project Team) will continue to