Sumitomo Mitsui Banking Corporation

55 results about this entity

Period: 13 Oct 2004 - 13 Nov 2024

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Sumitomo Mitsui Trust becomes first Japanse custodian on DTCC's Alert GC Direct

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that Sumitomo Mitsui Trust Bank (U.S.A.) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the ALERT Global Custodian Direct (GC Direct) workflow.

Japan's banks plan 33,000 job cuts in digital downsizing

Japan's banks plan 33,000 job cuts in digital downsizing

Japan's megabanks are planning to make huge, long-term cuts to their workforces as they increasingly turn to artificial intelligence (AI) and automation in a bid to streamline operations and cut costs.

Fujitsu and top Japanese banks to trial DLT-based P2P mobile money system

Fujitsu and top Japanese banks to trial DLT-based P2P mobile money system

Fujitsu is collaborating with Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ Financial to conduct a joint field trial of a person-to-person money transfer service using blockchain technology.

Frankfurt predicts Brexit jobs boost at London's expense

Frankfurt predicts Brexit jobs boost at London's expense

A recently published report states that, contrary to the fears of Brexit-sceptics, the UK's exit from the European Union will create as many as 80,000 new jobs - the majority of which will be in financial services. The only problem for Brexiteers is that the jobs will be in Frankfurt rather than London.

Sumitomo Mitsui teams up with NYC accelerator

Sumitomo Mitsui teams up with NYC accelerator

Japan's Sumitomo Mitsui Banking Corporation is looking to tap into America's startup scene through a partnership with New York-based Entrepreneurs Roundtable Accelerator (ERA).

Japanese banks join with R3 to streamline derivative master agreements

Nomura Holdings, Inc., Daiwa Securities Group Inc., Mizuho Financial Group, Inc., Sumitomo Mitsui Banking Corporation and R3 today announced the successful testing of a prototype developed using Corda, a distributed ledger technology (DLT) platform based on blockchain, to streamline ISDA Master Agreement negotiation.

Sumitomo Mitsui rolls out messaging app bot

Sumitomo Mitsui rolls out messaging app bot

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app.

Japanese banks invest in local bitcoin exchange

Japanese banks invest in local bitcoin exchange

Mizuho Financial Group and Sumitomo Mitsui Financial Group have joined a $1.75 million funding round for Japan's biggest bitcoin exchange, bitFlyer, according to Nikkei.

Sumitomo Financial Group trials facial recognition tech

Sumitomo Financial Group trials facial recognition tech

Sumitomo Financial Group is testing facial recognition technology from NEC on purchases made by employees at its banking and cards operations.

Sumitomo Mitsui Trust Bank starts blockchain trials

Sumitomo Mitsui Trust Bank, Limited (President: Hitoshi Tsunekage; hereinafter “SuMi TRUST Bank”), with the objective to enhance its services in asset management and administration, real estate and banking businesses; working in cooperation with NEC Corporation (President and CEO: Takashi Niino) and IBM Japan, Ltd. (Country General Manager and President: Paul Yonamine), announces the commencement of demonstration experiments in FinTech.

Sumitomo Mitsui signs speadsheet management deal with ClusterSeven

Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a subsidiary of the global Japanese commercial bank, is deploying ClusterSeven’s End User Computing (EUC) governance platform to enable the bank to understand its EUC (spreadsheets, databases and financial modelling tools) landscape, identify where the risks lie and institute the necessary automated controls to mitigate them.

Sumitomo Mitsui, Daon and NTT proposes biometric joint venture

Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking Corporation signed an agreement with NTT DATA Corporation and Daon for the commercialization of services offering individual identification platforms that use several different types of biometrics.

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