Mizuho and Marubeni Initiate Asean Fintech Partnership

Mizuho and Marubeni Initiate Asean Fintech Partnership
27.03.2017 02:00 pm

Mizuho and Marubeni Initiate Asean Fintech Partnership

IT Innovations

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”), and Marubeni Corporation (President & CEO: Fumiya Kokubo, “Marubeni”) have agreed to start exploring for opportunities to provide new financial services utilizing FinTech in the ASEAN region.

As various new FinTech based financial services are recently being offered, Mizuho and Marubeni will explore opportunities to provide community-based financial businesses in the ASEAN region where the settlement and e-commerce market is expected to greatly expand in the future.

In specific terms, they are considering to provide services by utilizing e-money and aim to offer financing services based on the transaction data accumulated through the settlements, and digital marketing services. 

Mizuho FG, Mizuho Bank, and Marubeni will first form an integrated project team of Japan and ASEAN, and will strive for early realization of the above initiatives by fully utilizing Mizuho Group’s know-how in the financial field, progressive initiatives in the FinTech business field, and network with startup companies, and Marubeni’s network in the ASEAN region with local partners.

Related News

Kickstart opens for applications for a new cohort of later-stage tech startups

Kickstart, one of Europe’s largest innovation platforms, is welcoming applications for the fifth iteration of its annual B2B scale-up programme aimed at late-stage start-ups... Read more »

Sinch and Wavy Join Forces to Accelerate Innovation and Drive Growth in Latin America

Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has agreed to combine with Wavy to advance innovation globally and to build a leading... Read more »

Businesses can now apply for a Monzo Business Account

Monzo has announced today that it is launching free and premium business accounts. From today, businesses can apply for a Monzo Business Account for £5 per month or a Business... Read more »

Bitfinex & Tether CTO to reveal "The Story of Tether” during an industry-first keynote at the CryptoCompare Digital Asset Summi

Tether has fuelled the growth of digital assets since it was founded in 2014 and today accounts for over 75% of all Bitcoin trading volume. At London’s ... Read more »

Abacus Group Announces Record Revenue and Client Growth in 2019

 Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, today announced record accomplishments in 2019, as the company reached... Read more »

Reshaping the Financial Sector of the Middle East with Finnovex Middle East 2020

Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service and... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel