ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Finance

Japan's digital banks emerge as regulatory easing gains momentum

New measures raise hopes of catching up with global funding boom

Japan's digital banking sector is getting a long-awaited boost. (Source photo by AP) 

TOKYO -- A series of regulatory and banking industry measures in Japan is prompting a rise in financial technology startups, lifting hopes that the world's third-largest economy can finally catch up with a global funding boom.

According to a revised law set to take effect in November, companies will be allowed to sell a variety of financial products -- banking, securities and insurance -- under a single financial services brokerage license. That is seen as making it easier for consumers to access such products via a smartphone app. Previously, companies needed to obtain separate licenses for different offerings.

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