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Japan bank SMFG dives deeper into digital finance with SBI deal - Nikkei Asia

Nikkei Asia LogoNikkei Asia1w ago

Japan bank SMFG dives deeper into digital finance with SBI deal - Nikkei Asia

Quick Summary

In fiscal 2022, plans are to develop smartphone services combining account transfers, securities trading, credit card payments and consumer finance, for example.

The deal with SBI brings in the brokerage's 8.5 million retail customers, SMFG added.

At the same time, a banking group will inevitably experience negative growth if it fails to shift toward a younger customer base.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Million Services Customers Securities Clients Financial Brokerage Online Group Banking Smfg

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 21:49:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 4 minutes read

Article Length: 710 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 6452

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 18 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 8h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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