Financial Services Agency

Nium Becomes First Global Fintech to Secure Coveted Type 1 Funds Transfer License from Japan's Financial Service Agency

Retrieved on: 
Thursday, February 29, 2024
Transfer, Type 1, JFSA, Payment Services Act 2019, Growth, Commerce, Type 2, Money, Financial Services Agency, Bank

SINGAPORE, Feb. 29, 2024 /PRNewswire/ -- Nium, the leader in real-time cross-border payments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA). The Type 1 license authorizes Nium to provide a wide range of financial services, including transferring up to 50 million JPY per transaction via Zengin-Net, Japan's local payment clearing rail, to a Japanese beneficiary account.

Key Points: 
  • In 2021, an amendment to Japan's Payment Services Act lifted cross-border transfer caps for Type 1 license holders, to lower the cost of money transfers in and out of the country.
  • However, since this amendment passed, few companies have been able to meet the high standards for regulatory approval.
  • Most other non-bank entities, including Money Service Businesses, hold Type 2 licenses, which limits cross border transfers to only 1 million JPY.
  • This accomplishment aligns with Nium's commitment to redefining global financial services by providing users with unparalleled access to secure and innovative payment solutions.

Nium Becomes First Global Fintech to Secure Coveted Type 1 Funds Transfer License from Japan's Financial Service Agency

Retrieved on: 
Thursday, February 29, 2024
Transfer, Type 1, JFSA, Payment Services Act 2019, Growth, Commerce, Type 2, Money, Financial Services Agency, Bank

SINGAPORE, Feb. 28, 2024 /PRNewswire/ -- Nium, the leader in real-time cross-border payments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA). The Type 1 license authorizes Nium to provide a wide range of financial services, including transferring up to 50 million JPY per transaction via Zengin-Net, Japan's local payment clearing rail, to a Japanese beneficiary account.

Key Points: 
  • In 2021, an amendment to Japan's Payment Services Act lifted cross-border transfer caps for Type 1 license holders, to lower the cost of money transfers in and out of the country.
  • However, since this amendment passed, few companies have been able to meet the high standards for regulatory approval.
  • Most other non-bank entities, including Money Service Businesses, hold Type 2 licenses, which limits cross border transfers to only 1 million JPY.
  • This accomplishment aligns with Nium's commitment to redefining global financial services by providing users with unparalleled access to secure and innovative payment solutions.

MUFG Bank, Ltd. announces Risk-Adjusted Capital Ratio Based on the Basel 3 Standards for the Third Quarter Ended December 31, 2023

Retrieved on: 
Wednesday, February 14, 2024
Banking, Professional Services, Finance, MUFG Bank, Financial Services Agency, Mitsubishi Group

Risk-adjusted capital ratio of Mitsubishi UFJ Financial Group, Inc. is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Key Points: 
  • Risk-adjusted capital ratio of Mitsubishi UFJ Financial Group, Inc. is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.
  • Risk-adjusted capital ratio of MUFG Bank, Ltd. and Mitsubishi UFJ Trust and Banking Corporation are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

METI will hold GGX x TCFD Summit

Retrieved on: 
Wednesday, September 27, 2023
Professional Services, Environmental Policy, Environmental Issues, Sustainability, Socially Responsible Investing, Environment, Public Relations, Investor Relations, Green Technology, Communications, Finance, Climate Change, Environmental, Social and Governance (ESG), Carbon, Sustainable finance, Bank of America, Financial Services Agency, World Business Council for Sustainable Development, MUFG, United Nations Industrial Development Organization, IHI Corporation, O'Neill School of Public and Environmental Affairs, International Policy Network, GFANZ, Ministry, Founder Group, Investment, WBCSD, Ministry of Economy, Trade and Industry, Energy, Disaster Management Bureau, Corporation, International Capital Market Association, Mitsubishi UFJ Financial Group, National Aviation Intelligence Integration Office, Policy, Strategic sustainable investing, Sustainable development, Johnny Kitagawa, Industries, commerce and investment department (Punjab, Pakistan), Department of Industry, Science and Resources, Management, Renewable energy, Secretariat

HATAKEYAMA Yojiro (Director-General, Industrial Science, Technology and Environment Policy Bureau, Ministry of Economy, Trade and Industry)

Key Points: 
  • HATAKEYAMA Yojiro (Director-General, Industrial Science, Technology and Environment Policy Bureau, Ministry of Economy, Trade and Industry)
    What efforts are needed towards creating a "Green Market" to accelerate industrial decarbonization, focusing on the creation of demand?
  • What is the potential of the idea of "avoided emissions" to evaluate a company's contribution to decarbonization of the society as a whole by providing solutions?
  • How can disclosure promote transition finance?
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20230927620291/en/

Moomoo Japan Launches Online Brokerage Business, Offering about 7,000 Tradable US Stocks

Retrieved on: 
Wednesday, September 20, 2023
Financial Services Agency, ETF, Education, Muumuu, Culture, Curriculum, NISA, Izawa, Growth, Ageing, Investment advisory, Security (finance), Cryptocurrency, Financial adviser, Video game

TOKYO, Sept. 20, 2023 /PRNewswire/ -- Moomoo Japan announced the launch of its online brokerage business on the global investment and trading platform moomoo.

Key Points: 
  • TOKYO, Sept. 20, 2023 /PRNewswire/ -- Moomoo Japan announced the launch of its online brokerage business on the global investment and trading platform moomoo.
  • With the launch of our online brokerage business, Japanese moomoo users can now trade US stocks via our proprietary moomoo app, just at their fingertips, while enjoying massive free data, professional-level investing tools and news services, that help them to make informed investing decisions," said moomoo Japan CEO Francisco Izawa.
  • This move will mark moomoo as the first Japanese online broker to offer 24-hour trading of over 300 selected US stocks and ETFs.
  • Moomoo Japan has received significant praise from the public and media for 'shaking up' the online trading industry within the local market.

ACAMS Assembly Conference Bolsters Japan's Financial-Crime Fight with Expert Guidance on Corporate Transparency, Sanctions, and More

Retrieved on: 
Friday, September 1, 2023
Cabinet Office, Risk, Executive, Financial Services Agency, U.S. Department of the Treasury, Office of Inspector General, AFC, Office of Inspector General, U.S. Department of Health and Human Services, Assembly, Mitsubishi UFJ Trust and Banking Corporation, Australian Strategic Policy Institute, Financial Action Task Force, Sumitomo Mitsui Banking Corporation, Ministry, Treasury, ACAMS, Mizuho Bank, Cabinet Legislation Bureau, National Defence Academy, Policy, FATF, MUFG Bank, Fraud, Ministry of Finance (Japan), National Defense Academy of Japan, Cryptocurrency

TOKYO, Aug. 31, 2023 /PRNewswire/ -- ACAMS, a leading international membership organization dedicated to the fight against illicit finance, will host a unique 2-day educational conference and networking event beginning on September 20th at the Grand Hyatt Tokyo in support of Japan's anti-financial crime (AFC) regime and its efforts to clamp down on money laundering, sanctions evasion, fraud and other criminal activity.

Key Points: 
  • Rick McDonell, ACAMS Executive Director and the former Executive Secretary of the Financial Action Task Force (FATF), and Dr. Justine Walker, ACAMS Global Head of Sanctions, Compliance and Risk, will moderate high-level discussions on pressing compliance topics, including:
    "As Japan continues to strengthen its AFC regime in line with FATF's recommendations, it's critical that the public and private sectors come together to share their knowledge on the best path forward," said ACAMS CEO Scott Liles.
  • "By convening leading experts in illicit finance, The Assembly Japan will drive impactful conversations, forging strong partnerships to effectively combat criminal networks."
  • In addition to having opportunities to pose their compliance questions directly to speakers, attendees will also have the chance to network with industry peers, experts, and other stakeholders.
  • For more information on The Assembly Japan, including access to the agenda and registration portal, please visit: https://www.acams.org/en/events/the-assembly/the-assembly-japan .

Odaily’s Interview with Seihaku Yoshida Unveils the Potential of Japan’s Web 3 Market.

Retrieved on: 
Monday, August 28, 2023
Neil Cooper (record executive), PLT, Coincheck, Blockchain, Advertising, Financial Services Agency, NFT, UI, Interview, Life, Social, Marketing, Internet, BitFlyer, LAND, Ministry of Economy, Trade and Industry, History, Element, Language, Government, Ministry, Non-fungible token, Trust, Community, Gold, Knowledge, City, EAG, Fraud, Sumitomo Mitsui Banking Corporation, IEO, Environment, EAU, Cryptocurrency, Toy, Video game, Creative industries, Food industry, Metaverse, Web 2.0

In the interview, Seihaku Yoshida discussed HashPort's development history and the status quo of the Japanese blockchain gaming market.

Key Points: 
  • In the interview, Seihaku Yoshida discussed HashPort's development history and the status quo of the Japanese blockchain gaming market.
  • Seihaku Yoshida: I founded HashPort in 2018 and have been working in the blockchain field ever since.
  • Seihaku Yoshida: Let's first discuss the development challenges faced by the blockchain gaming industry.
  • Seihaku Yoshida: Speaking of "THE LAND," we are challenged to create a "Play-to-Earn" Metaverse game that complies with Japanese regulations.

MUFG Bank, Ltd. announces Risk-Adjusted Capital Ratio Based on the Basel 3 Standards for the First Quarter Ended June 30, 2023

Retrieved on: 
Monday, August 14, 2023
Banking, Professional Services, Finance, Mitsubishi UFJ Trust and Banking Corporation, Financial Services Agency, MUFG Bank, Mitsubishi Group, Ridesharing, Cryptocurrency, Insurance

Risk-adjusted capital ratio of Mitsubishi UFJ Financial Group, Inc. is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Key Points: 
  • Risk-adjusted capital ratio of Mitsubishi UFJ Financial Group, Inc. is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.
  • Risk-adjusted capital ratio of MUFG Bank, Ltd. and Mitsubishi UFJ Trust and Banking Corporation are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Oasis Names Junichi Maruyama to Advisory Council

Retrieved on: 
Monday, June 5, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Commissioner, Ministry of Foreign Affairs (Taiwan), Financial Services Agency, Ambassador, Reconstruction, Republic, Embassy of Japan, New Delhi, SFC, Foreign Affairs, Oasis, Wellington Management Company, Assistant, EBRD, Ministry, MOFA, Advisory Council, Diplomatic mission, MOF, Securities and Futures Commission, International Bank for Reconstruction and Development, FCA, FSA, Ministry of Finance (Japan), European Central Bank

Oasis Management Company Ltd. (“Oasis”) is pleased to announce that Junichi Maruyama has joined its Advisory Council.

Key Points: 
  • Oasis Management Company Ltd. (“Oasis”) is pleased to announce that Junichi Maruyama has joined its Advisory Council.
  • Mr. Maruyama joins current Oasis Advisory Council members including Masaharu Hino, the former Commissioner of the Japan FSA, and Martin Wheatley, the former Chief Executive Officer of the U.K. Financial Conduct Authority (FCA) and Chief Executive Officer of the Hong Kong Securities and Futures Commission (SFC).
  • Maruyama is a leader in financial market regulation and international affairs in Japan,” said Seth Fischer, Founder and Chief Investment Officer at Oasis.
  • “I am excited to join Oasis’s Advisory Council and contribute to Oasis’s efforts in the Japanese market.”

Taisys announces Proof of SIM Protocol to onboard billions of mobile phone users to the web3 society, bootstrapped by MetaDuet DAO.

Retrieved on: 
Wednesday, May 3, 2023
Communication, Financial Services Agency, Human, Partnership, SIM, Internet, RBI, OTT, Privacy, Creativity, Merkle, Reserve Bank of India, Ecosystem, SBT, SCB, Cryptocurrency, Mobile phone, Fintech, Ethereum

An open and decentralized ecosystem without intermediate and centralized systems is to be built for empowering the individuals.

Key Points: 
  • An open and decentralized ecosystem without intermediate and centralized systems is to be built for empowering the individuals.
  • With experiences in the SIM industry for 20 years, Taisys has announced the Proof of SIM protocol to introduce the mobile network into the web3 infrastructure, with "SIM Connected SBT" that is issued autonomously and transparently through Ethereum to a unique active SIM holder with zero knowledge proof.
  • In order to bootstrap the ecosystem, a MetaDuet DAO program will be launched for early adopters with Taisys SIM overlay technology in telco agnostic way.
  • "The future partnership with MNO/MVNOs for their SIM/eSIM integrated with PoSIM protocol will bring us to massive adoption.