Mizuho to Become First Japanese Bank to Sell Consumer Data
- Will offer the service to companies, banking unit CEO says
- Lender will provide aggregated data, not personal information
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Mizuho Financial Group Inc. will start selling information on consumers’ spending habits and other aggregated data in a bid to expand beyond the traditional lending business.
“We are going to offer a data service for corporate clients,” Koji Fujiwara, chief executive officer of Mizuho’s main banking unit, said in an interview. The move would be the first of its kind by a Japanese bank, he said.