Tagged: tokyo

NEC Corp. Acquires Swiss Financial Software Firm, Avaloq, for Estimated 2 Billion CHF

NEC Corporation (TSE: 6701) revealed on October 5, 2020, that it has acquired the Avaloq Group AG, a major Swiss financial software firm. The Avaloq acquisition has been made so that NEC can use its digital finance software and industry knowledge as it makes plans… Read More

Blockchain Analysis Firm Chainalysis to Establish New Singapore and Tokyo Offices as Part of Global Expansion Plans

Chainalysis, a leading blockchain analysis firm, has revealed that it will establish two new offices in Singapore and Tokyo. The company stated that it remains focused on fully supporting local crypto and blockchain companies. It’s also helping government agencies and traditional financial institutions with monitoring… Read More

Japanese Finance Minister Says Blockchain or DLT May be Useful for COVID-19 related Contact Tracing

Taro Aso, the Japanese Finance Minister, has reportedly said that blockchain or distributed ledger technology (DLT) could potentially help with combating the COVID-19 pandemic. Aso believes that DLT-powered solutions may be used for contact tracing while ensuring the privacy of user data. Aso, whose comments… Read More

Cryptocurrency Exchange bitFlyer to Develop Digital Asset Wallet for Brave Browser Users

Tokyo-based digital currency exchange bitFlyer has teamed up with Brave International SEZC, a subsidiary of Brave Software, Inc., the developer of the Internet browser – which monetizes web browsing by using the Basic Attention Token (BAT). As mentioned in a release shared with CI, bitFlyer… Read More

Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.

SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Company, Inc. This is reportedly one of the first investments in the nation’s microfinance sector after the COVID-19 outbreak, and government-enforced… Read More

Digital Banking: Sumitomo Mitsui Financial Group, Japan’s Second-Largest Bank, Partners SBI Holdings to Offer Mobile-based Banking Services

The Sumitomo Mitsui Financial Group (SMFG), which is Japan’s second-largest financial institution by market cap, will reportedly sign an agreement with SBI Holdings, a Tokyo-based financial services company group, in order to provide digital banking services via mobile devices. As reported by Nikkei on April… Read More

Japan Security Token Offering Association Publishes Self-Regulatory Guidelines for Managing Clients’ Cryptoassets

  The Japan Security Token Offering Association (JSTOA) recently published self-regulatory guidelines which cover how to separately manage client assets and digital record transfer rights and obligations. The guidelines may now be accessed through JSTOA’s official website. The security token management association said that the… Read More

Starling Bank Named Official Banking Partner of Team GB For the Tokyo 2020 Summer Olympic Games

UK-based digital banking group Starling Bank announced on Friday it has been named official banking partner for Team GB for the Tokyo 2020 Summer Olympic Games. The digital banking group reported as part of its involvement, it will also be offering each athlete a Starling… Read More

SoftBank to Invest $100 Million, through its Second Vision Fund, into UK-based AI Firm Behavox

SoftBank, a Japan-based global conglomerate holding firm with more than $283 billion in assets, is reportedly planning to invest $100 million, through its second Vision Fund, into Behavox, a UK-based company that uses artificial intelligence (AI) to monitor workers’ behavior at financial services firms. SoftBank’s management… Read More

SoftBank to Add $1 Billion to its $5 Billion Latin American Fund Focused on Fintech, Healthcare, Digital Commerce

SoftBank, a Japan-based global conglomerate holding firm with over $283 billion in assets, will reportedly be adding another $1 billion this year to its $5 billion Latin America Fund, which was launched last year. The Tokyo-headquartered company added $1.6 billion to the fund in 2019…. Read More

bitFlyer is Now Offering US Residents a Zero-Fee Option to Buy Bitcoin (BTC) with US Dollar

US residents now have another zero-fee option to purchase Bitcoin (BTC) using the US dollar. On January 30, 2020, Tokyo-headquartered digital asset exchange bitFlyer introduced its commission-free service for the BTC/USD trading pair to its US-based clients. bitFlyer’s zero-fee feature is currently only being offered… Read More

Financial Giant Softbank Invests $655 Million into UK-based Supply Chain Firm Greensill

Tokyo-based Softbank, a multinational conglomerate holding company that provides fixed-line, mobile telephony, internet, telecommunications, and digital television products, is planning to invest $655 million into Greensill, a UK-headquartered supply chain finance company. Softbank has been a prominent investor in the Fintech sector having taken positions… Read More

Huobi Japan Receives $4.6 Million Investment from Tokyo’s Financial Products Group

Singapore-based crypto exchange Huobi’s Japan division has reportedly received nearly 500 million yen (appr. $4.6 million) in funding from a major Tokyo-listed firm focused on several areas including leasing, real estate, insurance brokerage and mergers and acquisitions (M&A). As noted in Huobi’s press release, the… Read More

Tokyo Metropolitan Government Set to Invite Foreign Companies to Fintech Business Camp Event

The Tokyo Metropolitan Government (TMG) announced on Friday it is set to invite foreign companies to participate in the upcoming FinTech Business Camp Tokyo event. It was revealed: “TMG is preparing a new plan which can be termed the ‘Financial System Reform in Tokyo —… Read More

Brief: Mizuho Announces New Innovation Center in Tokyo

Mizuho Bank recently announced the opening of its innovation center, which will be located in the Fintech Center of Tokyo Finolab. The company stated the center would be jointly operated by Mitsubishi Estate Co., Ltd., Dentsu Inc., and Information Services International–Dentsu, Ltd. Mizuho reported that… Read More

Major Japanese Bank Mitsubishi UFJ Said To Create Division For Fintech Research

Japan’s banks are beginning to say konnichiwa with more enthusiasm to Fintech: Mitsubishi UFJ Financial Group Inc., a major Japanese bank, has created a unit to research and develop new financial technologies, according to sources cited in a recent Bloomberg story. A spokesman for Mitsubishi UFJ in Tokyo, Taiki… Read More

BrewDog Approaches Open Of Tokyo Bar, Issues Open Letter To Chinese Knockoff Pub

BrewDog is in the midst of an extremely aggressive period of growth now that the Scottish brewery has managed to raise millions of euros via equity crowdfunding raises. The latest expansion project for the brewery is a BrewDog bar in the Roppongi district of Tokyo,… Read More

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