SBI Holdings to open Fintech research center

SBI Holdings Inc., Japan-based global financial services company, has announced that it will open a fintech research facility on 1st October, in a move to promote fintech development.

The center will be headed by Keio University professor Heizo Takenaka and Tsutomu Fujita, former vice-chairman of Citigroup Global Markets Japan, Nikkei Asian Review reported. The financial services company will include experienced researchers from companies like Sony Financial Holdings and Microsoft Japan.

“The facility will handle research for both academic and practical applications,” the company said as reported by Nikkei.

SBI Holdings is planning to explore fintech trends including the use of results in overseas services. The company also plans to issue research reports to domestic and global financial institutions in a move to encourage fintech investment.

The SBI Group has three core businesses: Financial Services, Asset Management, and Biotechnology Related Business. The group's businesses and companies are held primarily at SBI Holdings. SBI Group aims to become a corporate entity that provides a variety of one-stop financial services over the Internet.