Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Earn up to 18% annually on cryptocurrency deposits!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Press Release :: Mizuho Financial Group

Logo Mizuho Financial GroupMizuho Financial Group, Inc. and IBM Japan, Ltd. have today agreed to test blockchains1. The test is to be started in June with virtual currency in settlement business, using Hyperledger2 and open blockchain technology3 proposed by Linux Foundation4 that is an open source5 community promoting standardized IT technologies.

Blockchains are now attracting more attention and often tested in not only financial industry but also other business conditions, as it is expected to provide a lower cost and more efficient transaction system to customers. In this test, Mizuho will study the feasibility of blockchains with virtual currency in settlement business using the advanced applications development support service IBM Garage6 provided by IBM Japan. IBM Japan will support Mizuho building a common platform to reform its development style such as designing and developing business applications using blockchains, with Mizuho's experience in system developments and IBM Japan's knowledge in global business services across various industries.

Mizuho has promoted projects to create new customer experiences or business value by adopting latest technologies in response to environmental change inside and outside Japan, and will make further efforts to provide higher quality services or create new financial business to speedily respond to rapid technological evolution through feasibility studies on blockchain technology or virtual currency.

IBM Japan has participated in Linux Foundation's Hyperledger Project to promote blockchain technology, which allowed applications developers to create distributed ledgers easily with high level security.

1 Blockchains: Distributed ledger technology to share and manage transaction record or asset register data by distributed network users, which allows a low cost management.
2 Hyper Ledger: Open source project to promote blockchain technology to record and verify transactions.
3 Open blockchain: Open source software blockchain technology developed by IBM
4 Linux Foundation: Nonprofit organization established in 2007 to standardize, support and promote Linux
5 Open source: The term refers to something that can be modified and shared because its design is publicly accessible.
6 IBM Garage: IBM Japan's facilities and services to support short term development of advanced applications such as mobile or analytics designed from the user's point of view for startup to large companies.

Source: Mizuho Financial Group
Date: 22.06.2016
Financial and Banking News
 How Women Can Impact the Middle Eastern Financial Industry: Layal Haykal Success Story

We’re in the 21st century and women are still mistreated in some parts of the world. Their rights are violated. They don’t have the opportunity to work on equal terms with men. They’re being kidnapped and sold no matter their age. This phenomenon is highly prevalent in the Middle East. The world is evolving from globalization to technological innovations while women there are still repressed and exploited. The same image women had several decades ago hasn’t changed heavily in our present times.

 Citigroup to exit 13 global consumer banking markets, including India and China

Citigroup announced April 15 it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in places where it is small.

 In-person GISEC 2021 to spark industry collaboration against cybercrime spike

GISEC, the most influential cybersecurity event in the Middle East and Africa, will provide an in-person meeting point for the cybersecurity ecosystem from 31st May-2nd June at Dubai World Trade Centre (DWTC). 13.04.2021 | Source: Dubai World Trade Centre

 Federally chartered banks can facilitate stablecoin payments, issue their own

The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks’ and federal savings associations’ authority to participate in independent node verification networks (INVN) and use stablecoins to conduct payment activities and other bank-permissible functions. 04.01.2021 | Source: Office of the Comptroller of the Currency

 Visa and BlockFi to launch Bitcoin rewards credit card

Visa Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards purchases with Bitcoin rather than airline miles or cash. 02.12.2020 | Source: Bloomberg

 📰 News Archive

2007-2021 © Banking and Finance