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Japanese banks take on strategic roles


Japanese banks take on strategic roles
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 09/07/2021
  
09:53
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Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
MUFG has been working in collaboration with VietinBank for years. VIR photo: Le Toan
Japan’s Sumitomo Mitsui Banking Corporation (SMBC), the banking arm of Sumitomo Mitsui Financial Group (SMFG) was last week reported to have acquired a 5 per cent stake in Philippines-based lender Rizal Commercial Banking Corp (RCBC), equivalent to around $93.9 million. ....

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SMBC joins Contour trade finance network


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SMBC joins Contour trade finance network
4 hours ago
Source: Contour
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has become the latest institution to join Contour’s global network of banks, corporates and ecosystem partners working together to transform trade finance.
Having been a member of Contour’s beta network since last year, transitioning to the full production network signals SMBC’s commitment to digitising trade finance. In doing so, SMBC will be able to provide its customers with a fully digital end-to-end Letter of Credit (LC) settlement process, vastly improving cost and time-saving benefits. ....

Shinichiro Yamazaki , Carl Wegner , Japan Sumitomo Mitsui Banking Corporation , Sumitomo Mitsui Banking Corporation , Global Head , Trade Innovation , Region Head , Trade Finance , Block Chain , கார்ல் வெக்னர் , ஜப்பான் ஸூமிடோமொ மிட்ஸ்யூயீ வங்கி நிறுவனம் , ஸூமிடோமொ மிட்ஸ்யூயீ வங்கி நிறுவனம் , உலகளாவிய தலை , வர்த்தகம் கண்டுபிடிப்பு , பகுதி தலை , வர்த்தகம் நிதி , தலைப்புச் செய்திகள் , தொகுதி சங்கிலி ,