Announced details
Account opening and screening processes for foreign customers at regional banks, and cross-border financial services
Investment through subscription to a third-party allotment capital increase. The companies will jointly develop onboarding and financial identity services for regional banks.
Head office: FINOLAB, 4th Floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo; Representative: Representative Director Raoul Alikivi; Established: July 2023; a startup providing reusable financial identities and credit infrastructure for foreign workers
FINOLAB, 4th Floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Trust API, DID wallet (decentralized identifier wallet), Onboarding and financial identity services for regional banks |
| Counterparty | 株式会社GIGABANK |
| Counterparty overview | Head office: FINOLAB, 4th Floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo; Representative: Representative Director Raoul Alikivi; Established: July 2023; a startup providing reusable financial identities and credit infrastructure for foreign workers |
| Relationship with the Company | Investment through subscription to a third-party allotment capital increase. The companies will jointly develop onboarding and financial identity services for regional banks. |
| Applicable area | Account opening and screening processes for foreign customers at regional banks, and cross-border financial services |
| Location | FINOLAB, 4th Floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo |
Items this document does not state (12)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To streamline account-opening and screening processes for foreign customers, provide added value to existing regional bank customers, and help address the social issue of enabling foreign workers to access cross-border financial services.