Sep 16, 2016

Mizuho, SoftBank partner on AI-based consumer lending venture

Mizuho Bank and SoftBank Group Corp. have agreed to set up a 50-50 joint company to provide unsecured consumer loans via artificial intelligence technology. Using customers’ business histories at both firms for the credit-screening process, the venture will provide an innovative, attractive, low-cost loan ...

Japan's biggest banks to launch 24-hour money transfers

/ Jul 4, 2016

Japan's biggest banks to launch 24-hour money transfers

Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank are planning to start allowing immediate money transfer services 24 hours a day. Sumitomo Mitsui said Monday it will start offering money transfer services between its accounts 24 hours a day, 365 days ...

/ Nov 2, 2015

Mizuho Bank to open second office in Myanmar

Mizuho Bank said Monday that it has been granted permission by Myanmar’s regulatory authorities to open a front office in the Thilawa special economic zone. The unit of Mizuho Financial Group Inc. aims to open the office within fiscal 2015. The office will be ...

Sep 11, 2014

Banking group wants access to NPA's yakuza database

The Japanese Bankers Association wants to take action against yakuza by enabling banks to access the National Police Agency’s database via the Deposit Insurance Corp. of Japan, informed sources said. For banks, having access to the database would improve their client background checks, since ...

/ Jul 25, 2014

Mizuho to loan $500 million to Petrobras

Mizuho Bank plans to extend $500 million in loans to state-owned Brazilian oil firm Petrobras, informed sources said Friday. The move comes as Prime Minister Shinzo Abe leaves Friday for a five-nation Latin American tour that will include Brazil. Mizuho and Petrobras will sign ...