Japan

The collaboration aims to streamline cross-border payments.

Lower bad loan expenses and gains from equity holdings buoyed earnings.

Declining loan demand is squeezing the profits of the country's lenders.

JCB Co. is testing its contactless payment solution using fingerprint authentication.

This comes amidst an overall profit downturn hitting most Japanese banks.

New markets and new target demographics may just help banks stay afloat.

This follows a regulatory change facilitating third party access to accounts and data.

Bad loan ratio stood at 1.8% in September 2017 versus 0.7% for massive banking players.

In general, an API refers to a technical specification for operating a specific program by another program, and it defines command statements (commands and functions) used when the program is operated, a format of data to be transmitted and received, and the like. For example, many businesses today display a Google map when publishing their location on the website. This is realised by outputting map data (Google Maps) using Google's API (Google Maps API).

A shrinking population and negative interest rates are hitting banks right in the gut.

They aim to achieve this through a strategic partnership with venture company ExaWizards.

They have become the most significant, non-US dollar banking player in terms of size.

Japan’s rapidly ageing population is eliminating opportunities for banks to grow their loan portfolios.

“MoneyTap” will be available to their users 24/7.

Lending profit already dropped 2.8% in the fiscal second quarter.

Capital accumulation could support credit profiles amidst weak profitability.