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Aichi Financial Group (7389) · InitiativeRestated

New Financial Business through Partnerships with Fintech Companies and Other Firms

First written in FY2023-Q3. 2 of 3 entries say "Restated". Latest entry: FY2024.

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ProgressHeldSoftenedWorseRestatedFY2023-Q3 – FY20242023: 220232024: 12024
Same theme, other companies
Developing New Financial Businesses through Partnerships with Fintech CompaniesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2024RestatedAnnual report

    「Although competition is intensifying as businesses from other industries enter the financial sector, we believe that one of our major challenges is to build a sustainable earnings base and contribute to local communities as a regional financial institution by making effective use of deregulation under the Banking Act and developing new financial businesses that could become pillars of earnings.」

    The use of deregulation and the development of new financial businesses remain challenges.
  2. FY2023RestatedAnnual report

    「While competition is intensifying as fintech companies and businesses from other industries enter the financial sector, we are required to build a sustainable earnings base and contribute to local communities as a regional financial institution by establishing partnerships that leverage their respective technologies and sales networks, rather than viewing them solely as competitors, making effective use of deregulation under the Banking Act, and developing new financial businesses that could become pillars of earnings.」

    Partnerships with companies from other industries, the use of deregulation, and the development of new financial businesses remain challenges.
  3. FY2023-Q3First statedAnnual report

    「Although competition is intensifying as fintech companies and businesses from other industries enter the financial sector, one of our major challenges is to build a sustainable earnings base and contribute to local communities as a regional financial institution by establishing partnerships with these companies, making effective use of deregulation under the Banking Act, and developing new financial businesses that could become a new pillar of earnings.」

    Partnerships with companies from other industries and the use of Banking Act deregulation are cited as means of developing new pillars of earnings.
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New Financial Business through Partnerships with Fintech Companies and Other Firms | Aichi Financial Group,Inc. (7389) | Komori