Japan

Seven lenders will take a stake of little over 14% in the JV.

The platform can process a million transactions per second.

The Manila office will assume operations from Singapore, Sydney and Taipei.

Intense Western competition is adding to the banking sector’s growing list of woes.

MUFG Bank will cut the branch numbers by 20% whilst Mizuho will close around 100 domestic locations.

Regional banks may lose about 60% of inheritance funds.

The collaboration aims to streamline cross-border payments.

Lower bad loan expenses and gains from equity holdings buoyed earnings.

Declining loan demand is squeezing the profits of the country's lenders.

JCB Co. is testing its contactless payment solution using fingerprint authentication.

This comes amidst an overall profit downturn hitting most Japanese banks.

New markets and new target demographics may just help banks stay afloat.

This follows a regulatory change facilitating third party access to accounts and data.

Bad loan ratio stood at 1.8% in September 2017 versus 0.7% for massive banking players.

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.