Sony Corp. confirmed Friday that it is considering entering the retail Internet banking business in Japan.

An exploratory group at Sony is studying how the electronics giant could set up a "personal Net banking service" and what sort of business plan to adopt, a spokesman for Sony's U.S. subsidiary said. He said Sony formed the group at the beginning of December.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.