digital
Mitsubishi UFJ Bank has taken a hybrid cloud approach enabled by Oracle technology to modernize the system infrastructure for its online banking service, Mitsubishi UFJ Direct. The bank selected Oracle Exadata Database Machine, the highest performing system for Oracle Database, to upgrade the Mitsubishi UFJ Direct platform. Following the implementation,
joint venture
PT Corporation announced a strategic partnership with Sumitomo Corporation and SBI Holdings - Japan's leading conglomerates in the finance and industrial sectors to accelerate artificial intelligence (AI) adoption through the FPT AI Factory ecosystem, contributing to the advancement of sovereign AI in Japan. Under this partnership, Sumitomo and
cashless
In the current issue of the Nomura Research Institute's "Financial Information Technology Focus", Daisuke Tanaka lays out projections for individual payment instruments through 2030, based on available 2023 data. According to various statistical data, the total amount of cashless payments in 2023 (defined here as the
BaaS
Money Forward has decided, by a resolution of its Board of Directors, that it will enter into a basic agreement with Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking Corporation regarding the establishment of a preparatory company to consider the provision of BaaS/digital banking, and that it concluded the
cashless
PayPay Corporation has launched a new payment method, "PayPay Bank Balance," starting April 15, 2025. This payment option is available through the PayPay Bank app provided by PayPay Bank Corporation. Payments made through the PayPay interface within the PayPay Bank app will be directly debited from the Japanese
cashless
Digital Garage and its payment business subsidiary, DG Financial Technology, have partnered with the All Japan Real Estate Association (Zennichi), which comprises about 30% of real estate companies nationwide, to provide "Rabby Pay Powered by Cloud Pay Neo" service to over 35,000 Zennichi member companies nationwide using
banking
Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation, and Sumitomo Mitsui Card will launch "Trunk," a digital comprehensive financial service for corporate customers, in May 2025. Background and Purpose In recent years, with the advancement of digital technology, technological evolution, and entry of players from different industries, financial
payments
PayPay Corporation announces that four new services used in six countries can now process payments at PayPay merchant locations that use "Alipay+". The newly added services are "K PLUS" (Thailand), "Kaspi.kz" (Kazakhstan), "Bluecode" (Germany, Austria), and "BigPay" (Thailand, Malaysia,
credit card
Nudge has obtained a license as a "Certified Comprehensive Credit Purchase Intermediary" based on the Installment Sales Act. When entering the credit card business as a startup, Nudge initially operated as a "Small-Amount Comprehensive Credit Purchase Intermediary", offering credit cards with limits of 100,000 yen
broker/dealer
The total number of SBI Securities financial product accounts intermediated through Sumitomo Mitsui Card and Sumitomo Mitsui Banking Corporation has exceeded 1 million, and the monthly investment amount for "Sumitomo Mitsui Card Regular Investment" has exceeded 85 billion yen. Since June 2021, Sumitomo Mitsui Card has partnered with
Insurance
Sumitomo Mitsui Card, Sony Life, and Next Solution (Nexsol) have formed a business alliance for collaboration in the insurance sales business through insurance agencies. Sumitomo Mitsui Card and Sony Life will also invest in Nexsol, a multi-carrier insurance agency. Background and Purpose of the Alliance In recent years, changes in
cashless
PayPay Corporation announces that the number of "PayPay" payments in 2024 has exceeded 7.46 billion, accounting for approximately 1 in 5 of the total 38.8 billion cashless payments in Japan. The total number of QR code payments increased by 23% year-on-year to over 11.5 billion,