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Singapore and Japan set up fintech framework

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The Financial Services Agency of Japan (JFSA) and the Monetary Authority of Singapore (MAS) have established a co-operation framework for fintech links between both countries. The framework enables MAS and JFSA to refer fintech companies in their countries to each other’s markets. It also outlines how the referred companies can initiate discussions with the regulatory […]

UK and Japan regulators partner for innovation

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The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have exchanged letters on a co-operation framework to support fintech companies. This deal will provide a regulatory referral system for “innovator businesses” from Japan and the UK seeking to enter the other’s market. The authority that receives such a referral will […]

Japan applies AI to market surveillance operations

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Tokyo Stock Exchange (TSE) and Japan Exchange Regulation (JPX-R) revealed that they have been reviewing artificial intelligence (AI) technologies developed by NEC Corporation and Hitachi to improve market intelligence operations.

Mizuho takes another step towards blockchain adoption

Mizuho

Japanese financial services provider Mizuho has partnered with Cognizant to test cross-border document sharing and custom digital currency applications of blockchain – and the cost implications of using the technology. Mizuho says the project was a success and concluded that a tamper-proof distribution database built using blockchain could support a platform to share information and […]

8 Securities launches robo-advisor Chloe in Japan

8 Securities

Asian fintech company 8 Securities has launched Chloe, a robo-advisor that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). To begin, customers must answer a short survey which will help Chloe set goals and target dates to achieve those goals. Each yen deposited is invested into a diversified global […]

Japan seeks stronger ties to Iran’s central bank

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Japan’s Financial Services Agency (FSA) is looking to work closer on banking supervision with the Central Bank of the Islamic Republic of Iran (CBI). The pair have exchanged letters on co-operation and the plan is to examine the performance of their respective duties for the “safe and sound functioning” of banking organisations in their countries. […]

Japanese start-ups head abroad for innovation programme

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The Japanese government is sending 55 SMEs and start-ups abroad as part of its new innovation programme. Called the Hiyaku Next Enterprise programme, it is part of the Silicon Valley-Japan Bridge Project, set up by the Ministry of Economy, Trade and Industry (METI). That project was announced by Prime Minister Shinzo Abe in April 2015 […]

Face the ace for NEC and Sumitomo Mitsui cashless payments trials

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Tokyo-based IT provider NEC Corporation is conducting trials for cashless payment services using NEC facial recognition technology in co-operation with Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation (SMBC) and Sumitomo Mitsui Card. The SMBC trials will continue to 30 January 2017, involving around 1,000 employees at the dining facilities of SMBC’s head office. […]

Japan Exchange Group unveils blockchain consortium

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Tokyo Stock Exchange (TSE), Osaka Exchange OSE) and Japan Securities Clearing Corporation (JSCC) will form a blockchain consortium of Japanese financial institutions. All three are part of Japan Exchange Group (JPX) and will continue to conduct proof-of-concept (PoC) testing based on past findings and discuss the possibility of applying blockchain or distributed ledger technology (DLT) […]

Mizuho Bank gears up for new core banking system go-live

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Japan’s Mizuho Bank is going to move to a new core banking platform in early 2017, Banking Technology understands. The cost of the project is believed to be JPY 300 billion ($2.8 billion).

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