The company in a release here said, Rakuten Inc and Tokyo Tomin Bank have successfully launched an online banking branch, with ''Flexcube'' i-flex's core banking solution. The online branch is hosted at Rakuten Ichiba, the largest e-market place in Japan. It would provide customers with quick and easy access to account information and easy-to-use online banking services, while protecting their financial data.
It would also give customers of Rakuten Ichiba the convenience of a 24/7 online bank, and added channels such as ATM and mobile banking. The services can be directly accessed through Rakuten Ichiba IDs, thus providing an integrated online experience for the customer, the company said.
The Tokyo Tomin Bank serves the funding needs of small and medium-sized enterprises. It provides quality financial services to individuals and smaller businesses in Tokyo and immediately adjacent areas.
Speaking on the implementation, Executive Vice-President Banking Products i-flex solutions Joseph John said,''Flexcube has led the way in adapting to emerge business models in banking and the implementation at Rakuten Inc and Tokyo Tomin Bank demonstrates this. We were extremely excited to enable an online bank in a virtual marketplace. We commend the innovation and leadership that Rakuten has undertaken, which will provide insights on banking services globally''.