Mizuho Plans for Big Commitments in Fintech

Mizuho Financial Group is looking to invest several billion dollars over the next five years, targeting fintech in Asia; the bank has experienced an 83% decrease in net profit in their last financial year and was previously Japan’s second largest lender by assets; they have already made some progress in fintech, having jointly founded online credit scorer J.Score Co with SoftBank Corp and also partnering with a messenger app to launch a smartphone-focused bank. Source