GMO Click and Aozora Bank Eye 2017 to Launch New Venture
Posted: Thu Mar 17, 2016 7:40 am
Following discussions last June between Japan-based online brokerage GMO CLICK, and Aozora Bank, regarding the establishment of an internet banking partnership, GMO has today announced progress on the talks as both companies eye fiscal year 2017 to launch the planned venture, and subject to regulatory approval.
As part of the planned synergy, the companies expect to create financial services offerings that combine within an online banking framework and leverage FinTech as an approach to customer solutions, according to the description of the ongoing talks aimed at jointly operating a next-generation online bank.
In addition, GMO plans to use its subsidiary GMO ... (read more)