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    Sumitomo Mitsui Financial Group

    News stories featuring Sumitomo Mitsui Financial Group:

    Japanese bank plans new biometrics firm

    January 17th, 2017

    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. “The new company aims to expand its target to include all internet services, and make them available for finance, mail order and other areas,” the publication adds.

    Japanese financial service providers begin facial recognition payment trials

    December 13th, 2016

    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… More

    Japanese firms team with NTT and Daon for biometric venture

    September 19th, 2016

    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… More

    Japanese bank eyes facial recognition

    August 25th, 2016

    Japan’s Sumitomo Mitsui Financial Group (SMFG) is exploring the use of a facial authentication system for customers to make payments. “SMFG aims to utilise users’ facial data as a means of verifying their credit cards or bank accounts,” The Japan News reports. “SMFG will begin trials at retail outlets as early as 2017 before developing it for practical use over several years after the trials.”

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