Fukuoka Financial Group, Inc. announced the launch of an online bank, “Minna no Ginko”, in fiscal year 2020. The company aims to expand its client base through operating a virtual bank as the nation’s population continues to decline. In Japan, several retail companies have already opened online banks, while FFG will be the first local bank to enter the industry. Source: Mainichi Shimbun, 8/7/2019
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