Japan-based Daiwa Securities Group Inc. has set up a new wholly owned subsidiary called Fintertech Co. Ltd.
The company's registered capital, including the capital reserve, is ¥800 million, according to a March 5 release.
Fintertech aims to develop and offer financial services and solutions using the know-how of Daiwa Securities.
As of March 5, US$1 was equivalent to ¥105.89.
