Sundry Photography/iStock Editorial via Getty Images
- Rakuten Group (OTCPK:RKUNF) (OTCPK:RKUNY) aims to integrate and reorganize its entire fintech business, including Rakuten Bank, Rakuten Card, Rakuten Securities, Rakuten Insurance, and other fintech ventures, into one group.
- The fintech business will continue to be the main business division of the Rakuten Group (OTCPK:RKUNF), and Rakuten Bank will remain a significant consolidated subsidiary.
- Rakuten Group (OTCPK:RKUNY) is a parent company of Rakuten Bank and owns ~49.27% shares.
- The reorganization is expected to take effect in October, the company said.
- The integration aims to strengthen customer acquisition across online banking, credit cards, securities, and insurance.
More on Rakuten
feed from seekingalpha.com