Finance Feeds logo

GMO Click Holdings set to change name to GMO Financial Holdings

Maria Nikolova

If accepted by shareholders, the change to the name will become effective on October 1, 2017.

GMO Click Holdings Inc (TYO:7177), the parent of Japanese Forex broker GMO Click Securities, is seeking to change its name to reflect the business focus on next-generation financial services.

GMO Click Holdings is set to become GMO Financial Holdings, if the proposal is approved at the meeting of shareholders scheduled for June 25, 2017. Pending an eventual approval, the name change will become effective as of October 1, 2017.

Explaining the rationale for the change, GMO Click said that over the past year it has been working in areas outside of its conventional business. This new endeavors include the development and launch of GMO – Z.com Coin Co., Ltd., the virtual currency business powered by GMO Click.

GMO Click notes that currently, the business focus is on next-generation financial services based on the use of new technologies. The company plans to expand in this segment and this is reflected in the proposed name change.

Indeed, Japanese financial services companies have demonstrated a remarkable push into the use of next-generation technologies, artificial intelligence in particular. In April this year, Japanese online trading company Monex Inc, a subsidiary of Monex Group, Inc. (TYO:8698), said it would deliver a new market analysis report, based on the work of an AI program. Online brokerage Kabu.com Securities, a subsidiary of Mitsubishi UFJ Financial Group Inc (TYO:8306), has also joined the ranks of AI supporters and has teamed up with US fintech startup AlpacaDB Inc to launch an AI-based solution for trading stocks.

Last week, SMBC Nikko Securities, a subsidiary of Sumitomo Mitsui Financial Group, Inc. (TYO:8316), announced a partnership with NTT Communications Corporation to jointly develop an automated chat service using AI. The AI Chatbot is set to overtake customer support roles, which reiterates the problem of robots replacing human staff.

How far GMO Click Holdings (or GMO Financial Holdings) will go into the world of next-generation financial services has yet to be seen.

Subscribe

Read this next

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Symbol of Ramp network
Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Mayne Ayliffe joins INFINOX
Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

Industry News

FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Journalists interviewing a man with blue and red microphone
Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

<
✖