Japan

Japanese residents with dementia will hold $2t in financial assets by 2030.

A trial will begin in October 2019 with full launch slated by April 2020.

Security measures and user protection From a systems perspective, open APIs mean that a new communications path is being established to link the information systems of financial institutions with the outside world. This brings new risks including data leaks, data fraud, and illicit transactions. There is also the possibility that data relating to user account information and settlement instructions will be exposed to the risks of leaks, tampering, and fraud via handling by TPPs.

Users from MUFG and Sumitomo may soon be able to withdraw at both ATMs for free.

The drawn-out approval process will be re-assessed.

They're not making enough profit off their massive loan balances.

Returning to a global perspective, both US and European open API trends, as well as regulatory and market participant responses, are valuable reference points for Japanese market players looking for insight. While Japan was mulling advancements related to open APIs, we continued to find best practices in each industry including banking, insurance, securities, and wealth management in the pioneering European market and the US market. We also continued to offer strategic advice to financial institutions engaging in individual projects and technology vendors.

Fujitsu has been tapped to develop the application.

This marks the highest point since 1990 during the asset-inflated bubble burst.

They are part of a consortium of trade players working on a Trade Data Sharing Platform.

Liquidity in the bond market is boosting earnings outlook.

Around 64 banks have already started implementing the service.

The bank is embroiled in a scandal over improper lending practices.

The bank’s recruiting policy mimics big US banks.

They’re bearing the brunt of the profit crunch.

Payments via ‘konbini’ and debit card fail to catch up.