External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Mizuho and Line raise investment in build for new smartphone bank 22 February 2021 Source: Line LINE Corporation (“LINE”) and Mizuho Financial Group, Inc. (“Mizuho Financial Group”) announced today that their respective subsidiaries, LINE Financial Corporation (“LINE Financial”) and Mizuho Bank, Ltd. (“Mizuho Bank”), have jointly agreed to make an additional investment and a change to the management structure of LINE Bank Preparatory Company. LINE Financial and Mizuho Bank are taking these necessary steps as they proceed with preparations to establish a user-friendly “smartphone bank” connected to the LINE app, with the aim of establishing a new bank in Japan within fiscal year 2022, subject to approval by relevant authorities.