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27
Jan

Rakuten launches Taiwan’s first virtual bank

Taiwan finally has an operational digital bank. Rakuten International Commercial Bank (RICB), backed by the Japanese e-commerce giant, recently became the first of three digibanks approved by Taiwan’s Financial Supervisory Commission (FSC) to go live. RICB will initially offer deposits, fund transfer, small loan and debit card services and later…
26
Aug

Rakuten bets on digital banking in Taiwan

In July, Taiwan’s Financial Supervisory Commission (FSC) granted three virtual-banking licenses, surprising some observers who expected the regulator would only issue two. All three teams that applied for the licenses – led respectively by Japanese super app Line, Taiwanese telecoms firm Chunghwa Telecom and Japanese e-commerce giant Rakuten – were…

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Established in 2007, Kapronasia, an Atlas Technologies Group Company, is a leading consulting and market research firm specializing in fintech, banking, payments, and capital markets. Our services aim to equip clients across the region with the necessary insights to capitalize on their most valuable opportunities and maintain a competitive edge in the market.

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