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Fujitsu to trial blockchain payments with three Japanese banks

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Fujitsu will work with Mizuho Financial Group, Sumitomo Mitsui Financial Group (SMFG) and Mitsubishi UFJ Financial Group (MUFG) to conduct a joint field trial of a person-to-person (P2P) money transfer service using blockchain. The trial will begin in January 2018 and last for about three months. Fujitsu says it has already initiated development of the […]

Saxo Bank Securities in Japan warms to Torstone’s Inferno for regulatory reporting

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Japan-based Saxo Bank Securities has selected Torstone Technology’s Inferno to replace its legal ledger and comply with regulatory reporting requirements. It will initially use Inferno to improve its post-trade reporting processes and is looking to add additional features in future unspecified phases. Torstone says Inferno is a modular solution, giving organisations the “opportunity to incrementally […]

Japanese banks to launch new national digital currency

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A consortium of Japanese banks has confirmed they are to launch a new national digital currency in time for the Tokyo 2020 Olympics. As Banking Technology reported last week, there was talk about plans to establish this currency by 2020. At that time, the name was mooted to be J-Coin. Now, and according to the […]

Japanese regulator and banks plan shared ID system on blockchain

Berg Fuji in Kawaguchiko Japan

The Financial Services Agency of Japan and some of the nation’s banks are planning to develop a shared identification system on blockchain. According to the Nikkei Asian Review, consumers will be able to open accounts at multiple banks and financial houses without having to re-enter personal information. The first step will see an administrative body […]

Japan embraces fintech’s hard-boiled wonderland

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Banks and politicians in Japan are getting ever more energetic for fintech with grand plans for APIs, artificial intelligence (AI), digital currencies, blockchain, funding for start-ups and an easing of regulations. According to the Nikkei Asian Review, the Bank of Tokyo-Mitsubishi UFJ (BTMU) will launch a website on Monday (25 September) for makers of smartphone […]

Hitachi creates IoT focused big data company Vantara

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When we hear Hitachi two things come to mind; 80s style radio and construction vehicles. This might be a perception the team will want to address as Hitachi enters the internet of things (IoT) world, reports Telecoms.com (Banking Technology’s sister publication). Combining the capabilities of three separate brands, Hitachi Data Systems, Hitachi Insight Group, and […]

BitFlyer competes for Japanese Bankers Association’s blockchain experiment attention

QuantHouse hopes to capitalise on demand for algo trading in Japan

Tokyo-based Bitcoin exchange BitFlyer has been selected as a partner vendor to provide an experimental environment for the Japanese Bankers Association’s “collaborative blockchain platform”. BitFlyer’s proprietary blockchain technology – Miyabi – will be used and the platform is scheduled to begin operation in October. Miyabi is a private blockchain “exclusively” for enterprise users. The experiment […]

Japanese start-ups fire up in force

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The land of the rising sun is seeing a rising number of start-ups power up as they hunt for fintech glory. According to Nikkei Asian Review, 46 tech companies have gone public in Japan so far in 2017, with the full-year total seen reaching 80 to 90. The highest tally in the last decade was […]

Mizuho primes for financial crime with IBM Watson time

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Mizuho is testing out new ways of risk management and dealing with financial crime by using IBM Watson’s cognitive technology. The plan is to use the Watson-powered software, which runs on the IBM Cloud, to analyse a range of data sources, including retrieving news sources and extracting data using screening technologies, that were previously done […]

Flywire expands operations in Japan, forms partnership with Volvo

Flywire gets pally with PayPal

Cross-border payments and receivables platform Flywire (formerly peerTransfer) is marking international growth.

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