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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 […]

Mizuho ventures deeper into fintech

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Japan’s Mizuho Financial Group will start a venture next month to create new fintech businesses and catch up with its rivals, according to Reuters. As Banking Technology reported last month, Mizuho Financial Group, Mizuho Bank and IBM Japan teamed up to build a blockchain-based trade financing platform – and so edged commercialisation ever forward. So […]

Mizuho takes another step towards blockchain adoption

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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 […]

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).

Payments round-up: 12 August 2016

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It’s probably not farfetched to say you’re time-stretched. To save time here’s a round-up of some events in the (Asian) world of payments. Payments firm Mozido has revealed that 14 banks within the Taiwan Mobile Payment Co (TWMP) consortium have adopted its HCE technology. The remaining 12 banks will launch later this year. Mozido says […]

Mizuho International reforms UK trading operation with BT tools

Mizuho aims to integrate voice and electronic trading systems

Mizuho International, the London arm of Japan’s Mizuho Financial Group, has chosen BT to help reform and streamline its trading and customer relationship management systems.

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