Sumitomo Mitsui Banking Corporation

52 results about this entity

Period: 13 Oct 2004 - 08 Mar 2023

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Indian digital lender DMI raises $400m

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Indian digital lender DMI raises $400m

Indian digital lender DMI Finance has raised $400 million in a financing round led by Japanese giant Mitsubishi Bank.

Banks back 'Japan Metaverse Economic Zone'

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Banks back 'Japan Metaverse Economic Zone'

Major Japanese banks and tech firms have banded together on a metaverse infrastructure project that will, among other things, provide payments, authentication, and insurance services for users across platforms.

SMFG to launch digital consumer bank in the US

/startups

SMFG to launch digital consumer bank in the US

Sumitomo Mitsui Financial Group (SMFG) is to launch a new standalone digital bank in the US.

Japanese banks to test digital currency

/crypto

Japanese banks to test digital currency

A consortium of 74 Japanese firms - including the country's biggest banks - have set out plans to start testing a private sector digital yen in the coming months.

/wealth

Sumitomo Mitsui Trust Bank selects Delio to serve high-net-worth clients

Delio has been selected by Sumitomo Mitsui Trust Bank (SMTB) as the provider of a new digital platform that will accelerate the promotion and distribution of private market investment opportunities to the bank’s high-net-worth (HNW) and institutional clients. The platform launch marks the start of a strategic partnership between Delio and SMTB and is a significant milestone in the bank’s strategy to offer its clients greater access to private markets.

Morgan Stanley co-leads $48m funding round for blockchain player Securitize

/crypto

Morgan Stanley co-leads $48m funding round for blockchain player Securitize

Digital asset securities firm Securitize has raised $48 million in a Series B funding round led by funds managed by Morgan Stanley Tactical Value and Blockchain Capital.

/wholesale

SMBC joins Contour trade finance network

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.

SMBC invests $30 million in OakNorth

/wholesale

SMBC invests $30 million in OakNorth

Sumitomo Mitsui Bank is to use credit intelligence software from OakNorth to boost its commercial leanding operations and has acquired a $30 million stake in the UK challenger bank and tech supplier.

SMBC joins Contour and Komgo as Covid-19 propels digital trade

/wholesale

SMBC joins Contour and Komgo as Covid-19 propels digital trade

Sumitomo Mitsui Bank Corporation SMBC is stepping up its involvement in blockchain-based trade finance networks, joining Singapore-based Contour and Swiss platform Komgo.

Japanese banks explore common digital currency settlement infrastructure

/payments

Japanese banks explore common digital currency settlement infrastructure

Japan's three biggest banks are investigating the creation of a digital currency settlement infrastructure.

/markets

Kx technology selected by SMBC to build and manage e-FX infrastructure

Sumitomo Mitsui Banking Corporation is the latest bank to turn to Kx to meet its advanced trading, analytics and risk management requirements, extending Kx’s market-leading presence in Foreign Exchange

SMBC taps into Toronto AI scene through Mars partnership

SMBC taps into Toronto AI scene through Mars partnership

Sumitomo Mitsui Banking Corporation (SMBC) is looking to gain access to Toronto's AI expertise through a partnership with the Canadian city's Mars fintech cluster.

SMFG taps AI to automatically recommend software repairs

SMFG taps AI to automatically recommend software repairs

Sumitomo Mitsui Financial Group has joined forces with Fujitsu and the Japan Research Institute (JRI) to trial the use of AI to scan for bugs in coding and automatically recommend software repairs.

SMBC picks DefinedCrowd for AI training data

SMBC picks DefinedCrowd for AI training data

Sumitomo Mitsui Banking Corporation (SMBC) has turned to US outfit DefinedCrowd for AI training data, outsourcing work that was done manually within the Japanese bank.

Swift publishes new API standard

Swift publishes new API standard

Banking cooperative Swift has published a new API standard for the pre-authorisation of funds in its latest bid to bring more efficiency to open banking in Europe.

/regulation

SMBC to use Exiger AI tool for Emea AML compliance

Exiger, the leader in technology-enabled regulatory, financial crime, risk and compliance solutions, announced today its agreement with global financial institution Sumitomo Mitsui Banking Corporation Europe Ltd (SMBC) to leverage Exiger's artificial intelligence (AI)-powered KYC onboarding technology, DDIQ, to drive enhanced and sustainable regulatory compliance.

Big banks create Utility Settlement Coin company

Big banks create Utility Settlement Coin company

Some of the world's biggest financial services firms - including Barclays, Nasdaq and UBS - have pumped £50 million into a new venture building a Utility Settlement Coin (USC), an asset-backed digital cash instrument implemented on distributed ledger technology.

/wholesale

Sumitomo Mitsui Trust Bank (Japan) picks Acumennet to support treasury ops

Profile Software, an international financial services solutions provider, announced today the selection of Login’s Acumennet by Sumitomo Mitsui Trust Bank, (SuMiTB) in Japan to support their Treasury operations across six overseas offices in the United Kingdom, USA, China, Singapore, Hong Kong and Thailand.

SMBC to slash data prep times by 80% with Trifacta

SMBC to slash data prep times by 80% with Trifacta

Sumitomo Mitsui Bank has turned to Silicon Valley data wrangling company Trifacta to slash preparation times for the aggregation and analysis of mushrooming customer data troves.

/startups

Mitsui joins $100 million VC fund for Israeli startups

Israeli VC firm Magenta Venture Partners announced today a new venture capital fund targeting $100 million.

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