Tagged: tokyo

Japan based MUFG Bank to Invest $300M in Middle- to Late-Stage Indian Startups

Rupee Money Coin India 2002

MUFG Bank (NYSE:MUFG) recently revealed that it intends to invest as much as $300 million in middle- to late-stage Indian startups via the newly established MUFG Ganesha Fund. In the foreseeable future, MUFG stated that it would plan to strategically leverage its group strengths in… Read More

Quantum Computing: Classiq to Work with NTT DATA to Implement Credit Analysis Algos using Quantum Computers

computer

Classiq, which offers a breakthrough Quantum Algorithm Design platform, has announced that it is working with NTT DATA to implement ‘”novel” credit risk analysis algorithms using quantum computers. Credit risk analysis “exists to determine the creditworthiness of borrowers or vendors to quantify and limit the… Read More

Japan’s Credit Card Fintech Nudge Inc. Extends Pre-Series A Round with Capital from Sony Innovation Fund, Others

Japan Flag colton jones p8URGduyEg unsplash

Nudge Inc., a “next-gen” credit-card provider and a future challenger bank based in Japan, announced that it has expanded its Pre-Series-A round with additional capital from Insignia Ventures Partners and the Sony Innovation Fund. The firm’s investment round has reportedly been led by Spiral Capital… Read More

Quasi Quantum Tech in Financial Trading being Tested by Toshiba and Dharma Capital

Computer Speed Fast Internet Zoom Keyboard

Japanese technology giant Toshiba is reportedly working with Dharma Capital to test out the use of quasi-quantum tech in financial trading. The trial, carried out by Toshiba and Dharma Capital, will look into the effectiveness of high-frequency trading (HFT) strategies for listed stocks in Japanese… Read More

Financial Management: Fintech InvestCloud Launches Wealth Advisor Platform by Japan’s Largest Bank, MUFG

Cloud Sky Day

InvestCloud, a global Fintech company serving large banks, wealth management platforms and fund managers, revealed that it has launched its Wealth Advisor Platform by Mitsubishi UFJ Financial Group (MUFG), which is the largest bank in Japan and also one of the world’s largest financial institutions… Read More

CBDCs: Bank of Japan Confirms Plans for “Preparing Thoroughly” to Potentially Launch a Central Bank Digital Currency

Japan Flag colton jones p8URGduyEg unsplash

The Bank of Japan (BoJ) has confirmed that it is getting ready to work on a national virtual currency. Haruhiko Kuroda, governor of the 138-year-old institution, stated that the BoJ, the nation’s reserve bank, would begin “preparing thoroughly” for a future that may include a… Read More

New Delhi based SATYA MicroCapital, a Micro Lending Firm, Secures Over $21M in Additional Funding

India Money 1000 Rupee Ghandi

SATYA MicroCapital, a fast-growing micro-lending firm based in India, has reportedly secured INR 153 Crore (appr. $21 million) in funding from Japan’s Gojo & Company. The microfinance lender confirmed that the recent investment acquired is one of the largest capital infusions it has received (and… Read More

NEC Completes Acquisition of Swiss Financial Software Firm Avaloq

Switzerland Money

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced earlier this week the closing of NEC’s acquisition of Avaloq. As previously reported, the acquisition was announced in October and NEC purchased Avaloq for around 2.05 billion Swiss francs. Founded… Read More

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

Switzerland Swiss Franc

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

katherine chase Unsplash BlockChain

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

Fujiyoshida Japan david edelstein unsplash

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

Bitcoin Wallet Cartoon

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.

Jaipur Rajasthan India Money evgeny nelmin unsplash

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

Japan Flag colton jones p8URGduyEg unsplash

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

Fujiyoshida Japan david edelstein unsplash

  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

Olympics bryan turner unsplash

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

Art Deco Statue AI Artificial Intelligence

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

Japan Stairs Down Tom Chen Unsplash

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

Magnify Magnifying Glass Bitcoin

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

UK British Pound Money

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

Send this to a friend