“Ogaki Kyoritsu Bank” and “Rakuten Bank” Business Alliance November 14 18:06

Cooperation between Internet banks and regional banks, which have long-lasting low interest rates and a difficult business environment, is expanding. Gifu Prefecture's regional bank “Ogaki Kyoritsu Bank” has formed a business alliance with “Rakuten Bank”, a major internet bank, and will provide financial services on the Internet by connecting their bank accounts.

Ogaki Kyoritsu Bank and Rakuten Bank met in Tokyo to announce a business alliance.

If you have an account with Ogaki Kyoritsu Bank, you can check your deposit balance and purchase lottery tickets on your smartphone using Rakuten Bank's dedicated app.
In the future, we will consider using other financial services provided by Rakuten Bank.

As Ogaki Kyoritsu Bank wants to increase the younger generation of customers by enhancing its online services, Rakuten Bank will aim to expand its business in the region.

Toshiyuki Sakai, Ogaki Kyoritsu Bank, said, “I would like to continue providing services that combine the convenience of the Internet and real services, and their respective roles.”

Prolonged low interest rates make the management environment of regional banks harsh. On 11th of this month, Fukushima Bank in Fukushima Prefecture will establish a capital and business alliance with SBI Holdings, a major internet finance company.