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Fujitsu and Sensory are the face of biometrics for Mizuho

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Fujitsu has teamed with Silicon Valley-based Sensory to provide face biometric authentication for Mizuho’s mobile banking. Mizuho is the first customer of the Fujitsu and Sensory partnership and it will be using TrulySecure. This solution’s features include the option to fuse voice and face biometrics recognition together; and it works with Android, iOS, Linux and […]

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

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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 […]

Top fintech stories this week – 25 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Fiserv buys payments software vendor Dovetail Pushes deeper into the payments infrastructure sector. Mobile contactless transactions hit £370m in UK in H1 2017 A whopping 336% year-on-year increase. Avaloq maintains momentum with massive earnings rise Adjusted EBITDA increased […]

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 […]

Mizuho trials Australia-Japan trade transaction on blockchain

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Mizuho Financial Group, Mizuho Bank, trading and investment firm Marubeni Corporation, and Sompo Japan Nipponkoa Insurance have completed a trade transaction between Australia and Japan using blockchain. The participants say all trade-related processes, from issuing the letter of credit to delivering documents, were completed entirely via a digital platform in this project. (See image below […]

Top fintech stories this week – 9 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Mizuho goes open banking on IBM cloud

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Mizuho Bank has opted for a suite of IBM services to power its open banking ambitions in Japan. The bank will use IBM’s FinTech API solution, API Connect on the IBM Cloud and IBM DataPower Gateway. The shift to API banking is a common theme for many in fintech at present. According to IBM, the […]

R3 powers Japan’s blockchain derivatives prototype

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R3 and four Japanese financial institutions (FIs) have joined forces to use blockchain in a derivatives prototype test. Nomura, Daiwa Securities Group, Mizuho, Sumitomo Mitsui Banking Corporation and R3 have tested a prototype developed using Corda, R3’s distributed ledger technology (DLT) platform based on blockchain, to streamline International Swaps and Derivatives Association (ISDA) Master Agreement […]

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