Eight news stories.
• Should Sumitomo Mitsui Financial Group be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Sumitomo Mitsui Financial Group be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
A consortium of more than 70 leading banks, financial services providers and other businesses in Japan is to conduct a series of proof of concept (PoC) trials of a digital currency supported by commercial banks across a range of specific use cases with the aim of rolling the currency out by the end of the 2022 fiscal year... More
Japan’s megabanks aim to introduce unified smartphone payment system — The Mainichi — “MHFG announced that it will soon embark on a verification test of smartphone payments with Toho Bank, headquartered in Fukushima Prefecture, using the barcodes. It is thought that the results of the test will be used to create uniform standards for the two-dimensional barcodes that are currently being mulled by the three banking groups.”
Japanese megabanks team up on mobile payments — Nikkei Asian Review — “Japan’s three megabanks are working together to standardize a smartphone payment system using QR codes… The three banks are also looking at establishing a jointly financed company to oversee the system. Other large banks and smaller regional banks will be invited to join.”
Fujitsu to conduct blockchain field trial of money transfer service with three major Japanese banks — Fujitsu — “Fujitsu will develop a cloud-based blockchain platform for money transfers between individuals that can be jointly used by these three major banks, as well as a smartphone application that allows users to easily handle the different steps for sending money and for making deposits and withdrawals.”
Japan’s Sumitomo Mitsui Financial Group is planning to establish a company that provides biometric authentication services together with a “major Japanese IT company and an Irish company as early as this spring”, The Japan News reports... More
Employees of Japan’s Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation (SMBC) and Sumitomo Mitsui Card have begun a facial recognition service trial to authenticate purchases, with payments being deducted from their wage at the end of the month... More
Japan’s Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation have signed an agreement with NTT Data and biometrics provider Daon for the commercialisation of services that will offer individual identification platforms utilizing several different types of biometric authentication... More
Japan’s Sumitomo Mitsui Financial Group (SMFG) is exploring the use of a facial authentication system for customers to make payments... More