Japan

Mizuho to book $6b restructuring costs in digital pivot

The Japanese megabank is scaling down its physical retail network.

Mizuho to book $6b restructuring costs in digital pivot

The Japanese megabank is scaling down its physical retail network.

The Advent of Next Generation Technology and Sourcing Models in Japan

Capital market participants and market infrastructure providers around the world are working to assess and apply emerging technologies. The results of the Celent Global Exchange CIO Survey released in July 2018 found that a high level of respondents were tackling emerging technologies. More than 70% of respondents said that they were already using or working on pilots when it came to cloud, artificial intelligence, robotic process automation, and blockchain technologies.

MUFG to ditch over-the-counter international cash transfers to strengthen AML efforts: report

Bank users may continue to send money overseas online through a stricter process.

MUFG to acquire aviation financing arm of Germany's DZ Bank

This represents the latest move by banks into aircraft finance which offers better returns than straight corporate loans.

Japan mulls easing restrictions on regional bank investments: report

Lenders may soon be allowed to temporarily hold over 5% in small firms.

Are Japanese banks flirting with danger in hunt for profit abroad?

Foreign securities account for up to 47% of total securities suggesting a larger risk appetite.

US federal regulator issues fresh warning against MUFG Bank over money laundering lapses

The regulator said that it had uncovered ‘serious’ problems at the bank’s branches.

Japan's megabanks hit the brakes on regional expansion

Sumitomo’s loans to Asia stayed flat at $82b as it shifted focus to the US.

Japanese investment banks lose out to global players in M&A spree

US heavyweights may be in a stronger position to advise on foreign targets.

Japanese regional banks jump in on cashless payment initiative

J-Coin enables transactions without the need to install readers.

Japanese banks heighten riskier lending to offset profit crunch

Lending to small enterprises is on a steady rise since 2013.

Dementia sufferers catch Japanese banks off guard

Japanese residents with dementia will hold $2t in financial assets by 2030.

Japanese banks tie up for QR code payment service

A trial will begin in October 2019 with full launch slated by April 2020.

Open APIs threats

Security measures and user protection From a systems perspective, open APIs mean that a new communications path is being established to link the information systems of financial institutions with the outside world. This brings new risks including data leaks, data fraud, and illicit transactions. There is also the possibility that data relating to user account information and settlement instructions will be exposed to the risks of leaks, tampering, and fraud via handling by TPPs.

Japanese megabanks share ATMs to prop up struggling bottomline

Users from MUFG and Sumitomo may soon be able to withdraw at both ATMs for free.

Japan mulls looser M&A rules to speed up regional bank mergers

The drawn-out approval process will be re-assessed.