TOKYO -- A number of Japanese banks plan to build a system that offers cheap, round-the-clock fund transfer services by taking advantage of innovations in financial technology.
The alliance is expected to initially draw about 15 members, including Bank of Yokohama and SBI Sumishin Net Bank. These will consist of both large and small conventional banks, as well as online banks. A study group on making the system commercially feasible will be formed in October.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.