SBI Holdings and Chikuho Bank enter into capital and business alliance on January 16 23:49
A new partnership between Internet finance and regional banks is moving. SBI Holdings, which handles online securities, etc., and the Chikuho Bank of Fukuoka Prefecture have formed a capital and business alliance to strengthen initiatives to support local companies using IT.
According to the parties involved, SBI Holdings, a major online finance company, will acquire several percent of the shares of regional banks and Chikuho Bank, which have head offices in Fukuoka Prefecture, and will form a capital and business alliance.
The two companies will use the partnership to introduce SBI-funded companies to Chikuho Bank's business partners, which will lead to expansion of sales channels. In addition, SBI will leverage FinTech, which is a fusion of finance and IT, to develop local currencies. Is to be issued.
Last year, SBI entered into a capital and business alliance with the Shimane Bank and the Fukushima Bank in order to strengthen its local customer base and strengthened its ties with regional banks.
On the other hand, regional banks continue to face a difficult business environment due to prolonged low interest rates and a declining population, and there is an increasing trend to make business alliances with other companies for survival.
It will be interesting to see whether online finance and the new services provided by regional banks are revitalizing local businesses and creating new revenue streams for regional banks.