Mizuho Bank's “Hanko Culture” review Revised corporate loan to electronic contract June 10 18:10
Mizuho Bank, when lending to corporations, stops using paper documents to sign contracts and switches to online electronic contracts. By reviewing the bank's "hanko culture," we aim to improve efficiency by enabling transactions with companies even during telework.
Mizuho Bank introduced an electronic contract system in response to the spread of the new coronavirus, and made it possible to conduct transactions such as financing with companies online, from the creation of contracts to approval.
Until now, when a company received a loan, it was necessary to put a revenue stamp on a paper contract, press a stamp and bring the document to the bank, but with an electronic contract, the procedure will be completed on the system and the bank You don't need to come and go, stamps, or stamps.
In addition, for bank staff, it is possible to change the way of working and improve efficiency because the loan contract procedure can be done at home while teleworking.
Banks will be able to do sales and office work without being constrained by the location, so the bank intends to reduce the number of stores in the future.
The bank has a policy to digitize 50% of transactions with companies during the current fiscal year, and attention will be paid to the extent to which financial transactions with "Hanko culture" will be deepened by responding to the new lifestyle affected by the new coronavirus. .
Tatsufumi Sakai, President of Mizuho Financial Group, said, "I feel that computerization is convenient and effective because of the problem of the new coronavirus. I want to connect to a new way of working."