GMO Click and Aozora Bank Eye 2017 to Launch New Venture

Following discussions last June between Japan-based online brokerage GMO CLICK and Aozora Bank regarding the establishment of an internet banking partnership, GMO today announced progress on the talks as both companies eye fiscal year 2017 to launch the planned venture, 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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term 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 Click Securities to offer related financial products alongside the banking suite of services.

Both GMO Internet and GMO CLICK are considering taking a stake in Aozora Bank, and Aozora Trust Bank, as part of the partnership.

The companies are discussing how to best provision services that lead to both higher productivity and the introduction of new types of lending products. Aozora Bank had 4,705 billion JPY in assets as of the end of 2015, and 6.5 billion JPY held by Aozora Bank Trust. GMO CLICK consolidated assets totaled 450 billion JPY as of December 31 2015, and 554 billion JPY for GMO Internet Inc, according to the update.