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Market Chatter: Kyushu Railway Partners With SBI to Enter Financial Services

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Kyushu Railway (TYO:9142) has teamed up with SBI Holdings (TYO:8473) to move into financial services, with the deal expected as early as Friday and services planned for the next fiscal year, Nikkei Asia reported Thursday.

SBI is building a Kyushu-branded app that will offer banking, securities, insurance, and cryptocurrency products, starting with access to banking functions at SBI subsidiary SBI Shinsei Bank, the news agency said.

The tie-up uses a banking-as-a-service model, with Kyushu acting as SBI Shinsei's banking agent, the publication said.

Kyushu and SBI did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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