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Seven Bank, a division of Seven-Eleven Japan’s parent company Seven & i Holdings, is to let consumers use face biometrics to deposit and withdraw cash and perform banking services at 20,000 ATMs in Seven-Eleven stores across Japan. More
A consortium of more than 70 leading banks, financial services providers and other businesses in Japan is to conduct a series of proof of concept (PoC) trials of a digital currency supported by commercial banks across a range of specific use cases with the aim of rolling the currency out by the end of the 2022 fiscal year... More
Three of Japan’s largest banking groups have signed up to participate in a study group that aims to build a “digital settlement infrastructure using valuable digital currencies”... More
Seven Bank to use facial recognition to let people open accounts at ATMs across Japan — The Japan Times — “The new ATM operated by Seven Bank, a unit of retailer Seven & I Holdings Co, would be able to confirm the identity of someone wanting to set up a bank account in a few seconds by scanning a photo ID and taking a picture through a high-precision camera… Seven Bank has over 24,000 ATMs at convenience stores, public facilities and elsewhere nationwide. Several thousand of the new ATMs are expected to be installed by summer 2020 in large cities.”