Stuck-in-the-past Japanese banks wary of fintech revolution
Bank Innovation
JANUARY 22, 2020
Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering. More than a year after rules to spur open banking were issued, small lenders are stuck in a back-and-forth with startups over fees for access to client account data, according to a Financial Services Agency official.
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