SBI and Fukushima Bank formally announce capital and business alliance November 11, 18:25
SBI Holdings, which handles a wide range of securities, banking and insurance online, has officially announced a capital and business alliance between Fukushima Prefecture's regional bank “Fukushima Bank”. The two companies interviewed emphasized the idea of overcoming the difficult business environment of low interest rates through a unique combination of online finance and regional banks.
SBI Holdings has agreed to acquire a new share issued by Fukushima Bank for approximately ¥ 1.1 billion to become the largest shareholder and form a capital and business alliance between the two companies.
The two companies held a press conference in Fukushima City on the afternoon of the 11th. President Fukushima Bank President Yoshihiro Kato said, “A partnership was indispensable to meet the financial needs of customers affected by the typhoon. Tech will not be able to avoid it in the future. We want to offer a wide range of financial services through partnerships. "
SBI Holdings, Managing Director Shunpei Morita said, “By partnering with the local Fukushima Bank, we can further expand our customer base.”
The two companies will create a joint of stores that offer a broad range of financial products in Koriyama, Fukushima Prefecture in prospect January next year.
In addition, Fukushima Bank plans to use FinTech, which has SBI's strengths, to introduce a system that can open an account without a seal, etc., to improve operational efficiency.
In the midst of a difficult business environment due to prolonged low interest rates and a declining population, attention is paid to how far the combination of Internet finance and regional banks can improve the financial environment.