Sumitomo Mitsui Banking Corporation (SMBC) is launching a digital consumer bank in the U.S., as the Japanese banking giant looks to tap the North American retail market.
The digital platform, called Jenius Bank, will operate as a new division of Manufacturers Bank, a California state-chartered bank and SMBC subsidiary, the company announced Wednesday.
#digital #banking #retail #bank #fintech #smbc #japan #us
The digital platform, called Jenius Bank, will operate as a new division of Manufacturers Bank, a California state-chartered bank and SMBC subsidiary, the company announced Wednesday.
#digital #banking #retail #bank #fintech #smbc #japan #us
Banking Dive
Japanese bank SMBC to launch US digital bank Jenius
Jenius will launch with personal loans in the coming months, and expand to savings and checking products within its first year, SMBC said.
The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, according to a report by Bloomberg News.
The news comes nearly two months after SoftBank chief executive officer and founder Masayoshi Son said the company would review the organization’s size and structure and that it planned to do some cost-cutting due to a record 3.2 trillion JPY (about $23.4 billion) loss in the three months ended in June.
#venturecapital #softbank #layoff #japan #venture #fund
The news comes nearly two months after SoftBank chief executive officer and founder Masayoshi Son said the company would review the organization’s size and structure and that it planned to do some cost-cutting due to a record 3.2 trillion JPY (about $23.4 billion) loss in the three months ended in June.
#venturecapital #softbank #layoff #japan #venture #fund
TechCrunch
SoftBank Vision Fund is reportedly laying off 30% of its workforce, or at least 150 employees
The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, according to a report by Bloomberg.
Japanese fintech SmartPay has launched a new service that will allow customers to pay for goods online in instalments, straight from their bank account.
SmartPay, which was founded in June 2021, is utilising Japan’s open banking ecosystem to connect consumers through a network of more than 60 partner banks across Japan.
#fintech #banking #banks #network #bank #smartpay #japan #bnpl #fintech #fintechnews
SmartPay, which was founded in June 2021, is utilising Japan’s open banking ecosystem to connect consumers through a network of more than 60 partner banks across Japan.
#fintech #banking #banks #network #bank #smartpay #japan #bnpl #fintech #fintechnews
Fintechmagazine
Tokyo-based fintech Smartpay brings BNPL boom to Japan
Japanese fintech Smartpay is bringing the buy-now-pay-later (BNPL) revolution to Japan, where over 60% of transactions currently take place using cash