Money Forward, Sumitomo Mitsui Banking Form Digital Banking Joint Venture

MT Newswires Live

2025/07/22

Money Forward (TYO:3994) finalized a 50:50 joint venture with Sumitomo Mitsui Banking Corp. to develop digital banking and BaaS (banking-as-a-service) solutions, according to a Tuesday filing.

The venture, named SMBC Money Forward Bank Preparatory Corporation, will launch with 3 billion yen in capital and an additional 3 billion yen in capital reserve. It will focus on API-driven financial services for businesses and institutions.

Sumitomo Mitsui Banking Corp. is a subsidiary of Sumitomo Mitsui Financial Group (TYO:8316).

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It will focus on API-driven financial services for businesses and institutions.</p><p><a href=\"https://laohu8.com/S/SMFNF\">Sumitomo Mitsui</a> Banking Corp. is a subsidiary of Sumitomo Mitsui Financial Group (TYO:8316).</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2553865234","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553865234","pubTimestamp":1753177964,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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