Leading Japanese Bank Yearns To Enter Fintech Space

"The Wall Street Journal reports that Japan’s second-largest bank Sumitomo Mitsui Financial Group (SMFG) is eager to enter the fintech space. Japan has been playing catch-up with other nations who are quickly embracing the financial technology revolution.

It was only recently that the Japanese government and regulators allowed the bitcoin exchanges to be registered. Until now, the government had been lackadaisical in foraying into the fintech space, which includes bitcoin and its technology blockchain.

Speaking to WSJ, Koichi Miyata, President at the bank said that the group is keen to make investments in financial technology ventures..."

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