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25.06.26 - 03:30
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3 Japan Megabanks Eligible to Use Google′s Advanced AI Tool (Nippon)
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Tokyo, June 25 (Jiji Press)--Japan's three megabanks have become eligible to use a cutting-edge artificial intelligence tool of U.S. technology giant Google LLC, Japanese financial services minister Satsuki Katayama said. She revealed this at a press conference after a meeting with senior officials of Alphabet Inc., the parent of Google, in Tokyo on Wednesday. The three megabanks are MUFG B......
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17.06.26 - 08:36
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Japan′s 3 Megabanks to Hike Ordinary Deposit Rates (Nippon)
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Tokyo, June 17 (Jiji Press)--Japan's three megabanks have said they will raise their annual interest rates on ordinary deposits to 0.4 pct from the current 0.3 pct, effective Aug. 3, following the Bank of Japan's recent decision to raise interest rates. MUFG Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank announced the rate hikes Tuesday. The interest rates will rise to the highest leve......
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11.06.26 - 10:24
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Japan′s 3 Megabanks to Jointly Issue Stablecoin (Nippon)
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Tokyo, June 11 (Jiji Press)--Japan's three megabank lenders have announced plans to jointly issue a stablecoin, a type of digital asset, linked to currencies such as the yen and the U.S. dollar, during the year ending next March. According to the announcement Wednesday, the banks--MUFG Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank--have also agreed to establish a council to study the ......
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08.06.26 - 14:18
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Japanese Companies Face Record Number of Shareholder Proposals (Nippon)
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Tokyo, June 8 (Jiji Press)--Japanese companies are facing a record number of shareholder proposals from so-called activist investors ahead of their annual shareholder meetings later this month. As of Friday, institutional investors had submitted a total of 139 proposals to 51 Japanese companies, up from 137 the previous year, according to Mitsubishi UFJ Trust and Banking Corp. Of them, prop......
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29.05.26 - 05:54
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Tanzania: Nala Secures $50m Credit Line for Stablecoin Payments (AllAfrica)
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[Daba Finance] Nala secured up to $50 million in credit financing from Liquidity to support its stablecoin-powered cross-border payment network. The facility starts with an initial $25 million tranche and can rise to $50 million or more through Mars Growth Capital, a joint venture between Liquidity and Japan's MUFG Bank. Nala said the funding will help it pre-fund transfers, expand payment corridors and support larger enterprise clients....
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29.05.26 - 02:18
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Japan′s 3 Megabanks to Gain Access to OpenAI′s New AI Model (Nippon)
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Tokyo, May 29 (Jiji Press)--Japan's three megabanks are expected to obtain access to a new artificial intelligence model of OpenAI, the U.S. company behind generative AI chatbot ChatGPT, according to informed sources. The banks--MUFG Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank--plan to use the AI model to fortify defenses against cyberattacks, the sources said Thursday. OpenAI's ......
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28.05.26 - 07:36
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Japan Police Ink Pact with Banks to Swiftly Track Scam Proceeds (Nippon)
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Tokyo, May 28 (Jiji Press)--Japan's National Police Agency on Thursday concluded an agreement with nine major banks that will allow police to swiftly track the flow of funds from accounts used to receive scam proceeds, helping to expedite investigations and facilitate the recovery of stolen funds. The agreement, signed with Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corp., Resona Bank,......
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