Intensifying Competition from Internet Banks and Non-Financial Entrants and Delayed Response to Technological Innovation
First written in FY2023. 5 of 7 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Rakuten Bank moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 11 of 21 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Against a backdrop of changes in the funding environment resulting from trends in domestic interest rates, numerous banks, including major banks, are actively conducting promotions to acquire accounts and deposits, intensifying competition to acquire them.」
In addition to traditional competition from internet banks and non-financial companies, the Bank describes a further intensification of the competitive environment, including deposit acquisition initiatives by major banks, expansion of ecosystems by telecommunications carriers and digital investment by major banking groups. - FY2025WorsenedAnnual report
「Intensifying competition ■ Intensifying competition with other financial institutions as society becomes increasingly digital ■ Intensifying competition resulting from entry into the banking business and provision of financial services by companies in other industries ■ Intensifying competition to acquire deposits in a world with interest rates」
In addition to traditional competition from internet banks and non-financial companies, the Bank explicitly identifies competition to acquire deposits in a world with interest rates as a major top risk. - FY2024RestatedAnnual report
「The Bank recognizes intensifying competition and delays in responding to technological innovation as major top risks.」
The Bank continues to identify intensifying competition, including competition from internet banks, brick-and-mortar financial institutions, non-financial companies and the cashless sector, and delays in responding to technological innovation as top risks. - FY2023First statedAnnual report
「Intensifying competition with other financial institutions as society becomes increasingly digital」
The Bank identifies digital investment by traditional financial institutions, entry into financial services by non-financial companies and competition in the cashless sector as top risks.