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HONG KONG, Aug. 19, 2021 /PRNewswire/ Leveraging proprietary Data Management Platform (DMP) and sophisticated data analytics capability, Vpon Big Data Group (Vpon) has released Taiwan's banking and finance industry insight report, unveiling significant findings on the industry development and users' profiles. Taiwan's banking and finance industry is about to enter a new era, in pace with the "Financial.
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Rakuten launches 12 new services
By Kao Shih-ching / Staff reporter
Web-only Rakuten International Commercial Bank Co (樂天國際銀行) on Monday announced that it would be launching 12 new services.
The bank began operations in January, enabling clients to open digital bank accounts and take personal loans online.
Among its new services, customers would now be able to transfer up to NT$2 million (US$71,078) at a time if they have linked a predesignated account, Rakuten said in a statement.
Rakuten International Commercial Bank chief executive officer Kazuhiko Saiki holds a phone displaying the bank’s app at an event in Taipei on Sunday. The Web-only bank on Monday announced that it would be launching 12 new services.
Taiwan Business TOPICS
LINE Bank Starts Trial Operations
Online banking services company LINE Bank began trials of its Taiwan platform in late March. The trial operations, which were limited to the approximately 700 employees of LINE Taiwan, follow a series of stress, integration, and user tests. If the trial is successful, the online bank will make a full debut in late April, according to LINE Bank General Manager Morris Huang.
LINE Bank is one of only two internet-only banks in Taiwan, the other being Rakuten International Commercial Bank Co. Its launch on the island follows the opening of a similar bank in Thailand last year by major shareholder LINE Financial Taiwan Corp., which will be used as a benchmark for the success of the Taiwan platform.