Japan

In general, an API refers to a technical specification for operating a specific program by another program, and it defines command statements (commands and functions) used when the program is operated, a format of data to be transmitted and received, and the like. For example, many businesses today display a Google map when publishing their location on the website. This is realised by outputting map data (Google Maps) using Google's API (Google Maps API).

A shrinking population and negative interest rates are hitting banks right in the gut.

They aim to achieve this through a strategic partnership with venture company ExaWizards.

They have become the most significant, non-US dollar banking player in terms of size.

Japan’s rapidly ageing population is eliminating opportunities for banks to grow their loan portfolios.

“MoneyTap” will be available to their users 24/7.

Lending profit already dropped 2.8% in the fiscal second quarter.

Capital accumulation could support credit profiles amidst weak profitability.

Mitsubishi UFJ Financial Group, Inc.’s (MUFG) banking entity, The Bank of Tokyo-Mitsubishi UFJ, Ltd. has appointed Mr. Andre S. Painchaud as General Manager of Internal Audit and Credit Examination Division (Singapore) and Credit Examination Office (Singapore).

Rising payroll expenses were a key drag on the banks’ financial performance.

It's a continued shift toward assets with higher risk weights.

More than 70% of the banks' overseas loans were to non-Japanese clients.

The gap between interest rates on existing loans and those on new loans is narrowing.

Customer expectations for financial and banking services are rising at an ever faster rate. The approaches of banks are increasingly framed in black and white terms of good and bad. Banks found wanting or less than desirable are abandoned like sinking ships as customers take their transactions and businesses to more preferred institutions. Digital has made it simpler for customers to move their business to a different bank at the same time that it has made it possible for “undesirable” transaction business reviews to be disseminated nearly instantaneously — and as negative customer experiences can be shared in the blink of an eye, analog banks risk being left behind in the dust of the new digital era.

The bank hopes for a 20% boost in forex volume with the push into transaction businesses.

The bank eyes hiring more than 10 bankers.