Japan's Mizuho aims to build warchest for Asia fintech investment

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks sink after losses on Wall StreetAsian stocks sank Wednesday, tracking losses in Europe and on Wall Street as investors grew anxious about a possible economic slowdown and the ... टरमप अनकल जी | आप का कहना है चिन के पियम अनकल जी हम से नराज है | चिन के पियम अनकल जी , यह ईनडीया मे फेमश है एक गरीब ठोणा ऊपर ऊठना चाहे कुछ ऐसे होते है भी होते है ऊस गरीब को गिराने के लिए पुरा कोशीस किये जाते है |
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »