ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

In bid for survival, Japan's local banks tap AI to find eager borrowers

Seven lenders join hands in identifying the most robust clients

Artificial intelligence could help banks spot promising borrowers in previously unused data.

TOKYO -- Regional banks struggling to earn under Japan's ultralow interest rates will jointly develop a data analysis system to help identify higher-yielding medium-risk corporate borrowers.

Seven lenders -- Senshu Ikeda Bank, Gunma BankSan-in Godo Bank, Shikoku Bank, Chiba Kogyo Bank, Tsukuba Bank and Fukui Bank -- will create a financial technology research company as early as June. Each bank will take a stake of a little over 14% in the venture, which will have 100 million yen ($916,000) in initial capital.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more