The Bankwatch

Tracking the consumer evolution of financial services

ebank Japan | designed to exploit internet channel

Chris posts about eBank in Japan. They are an exclusively internet Bank and some of the statistics are staggering. They have $8 bn in assets, and yet only 195 employees.

eBank purely exists as an internet bank, accessible via any internet-attached device which, these days, is predominantly the mobile phone. eBank, because of this exclusive channel focus upon internet-based banking, built a bank specifically to exploit this channel. This is radically different to most banks that built internet banking as an additional channel to exploit the existing bank.

They are built for pure automation wherever possible. The account open process is automated, using optical recognition and automated identity verification.

Worth the read.

Written by Colin Henderson

July 15, 2008 at 10:55

2 Responses

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  1. […] to my friends at Bankwatch I heard today about eBank in Japan. The bank is described in this nice article on […]

  2. Thanks for the link – I think these folks represent the future of banking (

    James Taylor
    Author, with Neil Raden, of Smart (Enough) Systems

    James Taylor

    July 16, 2008 at 12:35

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