LINE Corporation and Mizuho Financial Group (Mizuho FG) today announced a halt to their project for launching a new bank.
The venture was being led by LINE Bank Preparatory Company—an entity established in May 2019 through a joint investment by the two companies’ respective subsidiaries, LINE Financial Corporation and Mizuho Bank Ltd.
LINE Bank Preparatory Company had been aiming to provide a never-before-seen “smartphone bank” that would offer all its banking services within the LINE app, bringing Mizuho Bank’s extensive banking know-how together with LINE’s 94 million+ MAUs and exceptionally user-friendly UI/UX.
Recent trends have seen financial DX advancing within society and the economy, as well as heightened scrutiny towards the security of services. After much careful consideration based on these developments, LINE…
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