Sbi sumishin net bank
DLT Labs, a blockchain company based in Canada, has announced a partnership with SBI Sumishin Net Bank (SSNB) in Japan to deliver a blockchain supply chain finance (SCF) solution. SBI Sumishin Net Bank (SSNB) is a joint venture between SBI Holdings and Sumitomo Mitsui Trust Bank that operates as a neobank. Some Japanese retailers and carriers have been invited to participate in the supply chain finance pilot project with DLT Labs, and the project is expected to begin soon.
According to DLT Labs, an existing SCF solution will be used. DLT Labs also has a Hyperledger Fabric-based solution for Walmart, but the company also uses Ethereum. SBI Group, on the other hand, has technology partnerships with Ripple and business blockchain company R3.
Internet banking is provided by SBI Sumishin Net Bank, Ltd. The firm offers yen and foreign currency deposit transfers, FX trading, investment trusts, and fund settlement services, as well as loan transactions, such as home loans…
Internet banking is provided by SBI Sumishin Net Bank, Ltd. The business offers yen and foreign currency deposit transfers, FX trading, investment trusts, and fund settlement services, as well as loan transactions such as housing and card loans, and a variety of other goods and services. The business is headquartered in Tokyo, Japan, and was established in 1986. SBI Sumishin Net Bank, Ltd. is a joint venture between Sumitomo Mitsui Trust Bank, Limited and SBI Holdings, Inc.
According to sources familiar with the situation, SBI Sumishin Net Bank is considering going public and becoming Japan’s first listed internet-only bank without any physical branches.
According to the sources, the bank is hoping that the stock listing will help improve its brand awareness and earnings.
SBI Sumishin Net Bank, which began operations in 2007, posted a consolidated net profit of $11.9 billion for the fiscal year ending in March 2019, up 14.6% from the previous year.
SBI Holdings Inc. and Sumitomo Mitsui Trust Bank currently own the bank in a 50/50 split. In terms of deposit balances, it is Japan’s No. 1 internet-only bank, with a total of $5 trillion as of April 2019. In November of last year, SBI Sumishin Net Bank’s mainstay mortgage company had a loan balance of over 5.5 trillion yen.
住信sbiネット銀行 cm 「顧客満足」篇
One of the main use cases for blockchain technology, as CEP members are aware, is in trade services, which includes a range of items like documentary and regulatory services, contract management, trade finance, and so on.
Also, although there are only a few early-stage commercial networks and a small number of pilots underway, the usage of blockchain for trade services will expand significantly in the coming decade. A new supply chain finance (SCF) collaboration has been announced between Japanese entities SSNB (a digital bank) and DLT Labs, a technology provider that includes blockchain, according to the Cision PR Newswire release.
SBI Sumishin Net Bank, Ltd. (SSNB), Japan’s No. 1 digital bank, and DLT Labs Japan Incorporated (DLT Labs), a wholly-owned subsidiary of DLT Global Inc., have agreed to collaborate to deliver a blockchain-centric supply chain financing network across Japan, with broad application to industrial and banking partners, as well as directly to clients. DLT Labs’ award-winning blockchain development platform will control the supply chain financing network, which will provide end-to-end supply chain financing that is seamlessly integrated with clients’ supply chains…. DLT Labs’ blockchain-centric network is the world’s largest industrial-grade blockchain network in development, and it’s the national norm for Walmart Canada’s freight management and payments.’