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Rakuten Bank Cancels Planned FinTech Reorganization

Rakuten Bank Cancels Planned FinTech Reorganization

Rakuten Bank, Ltd. (JP:5838) has released an update.

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Rakuten Bank, Ltd. has announced the cancellation of the previously planned reorganization of Rakuten Group’s FinTech Business, initially aimed at boosting sustainable growth and corporate value. The decision comes after Rakuten Group withdrew their proposal for the reorganization, which was originally set to take effect in January 2025.

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