TOKYO: Mizuho Financial Group aims to build a warchest of several billion dollars in the next five years to target financial technology in Asia, its chief said, as the Japanese megabank looks to chart a different path from its bigger rivals.
"I have an image that we will be able to have several billion dollars for investment," chief executive Tatsufumi Sakai said in an interview with Reuters last week that was embargoed for release on Tuesday. Mizuho has already made some forays into the digital space. In 2016 it jointly founded online credit scorer J.Score Co with SoftBank Corp.Last year, it agreed with Line, the dominant messenger app in Japan, to launch a smartphone-focused bank, aiming to start its operation in fiscal 2020.
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Asia: Stocks rise after gains in Europe[HONG KONG] Asian markets pushed higher on Tuesday, following up on a positive performance by European shares overnight as investors breathed a sigh of relief over populists' failure to take over the European parliament after weekend elections. Read more at The Business Times.
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Asia stocks sag, bonds rally as trade war fears persistAsian stocks tracked Wall Street losses on Thursday as rhetoric from Beijing and Washington over trade matters kept alive investor concerns about ...
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