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Fintech

Japan\'s three megabanks complete test of jointly issued stablecoin for international payments

Japan\'s three megabanks have completed a cross-border payments test using a jointly issued stablecoin. Mizuho Bank, Mitsubishi UFJ Bank and Sumitomo Mitsui Banking Corp ran the trial from July 17 to 23 with Mitsubishi UFJ Trust and Banking and TISI, checking issuance, transfer and redemption. The project is tied to a Financial Services Agency-backed programme and aims to prepare for real transactions within fiscal 2026.

AI & Enterprise

Korean lawmakers flag youth protection gaps in AI character chat services

Safety concerns over AI character chat services popular with teenagers were raised at a parliamentary audit, with lawmakers saying harmful content can be generated even when youth protection features are enabled. They cited self-harm and suicide-related conversations and sexual exploitation scenes involving minor characters. Lawmakers also criticised delays in reviewing harmful content complaints and questioned the effectiveness of industry self-regulation, calling for clearer age and usage limits and stronger safeguards.

AI & Enterprise

MegazoneCloud to supply Portal26 generative AI governance and security solution in South Korea

MegazoneCloud said on Sunday it will supply in South Korea Portal26’s enterprise platform for integrated management of generative AI use. Portal26’s solution is designed to manage AI usage status, security risks and costs in one place. MegazoneCloud will provide technical support and develop security and governance offerings tailored to customers. The companies plan joint sales and marketing and will cooperate on technical support and service upgrades reflecting local customer requirements.