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- Rakuten Group (OTCPK:RKUNF) (OTCPK:RKUNY) aims to integrate and reorganize its entire fintech business, including Rakuten Bank, Rakuten Card, Rakuten Securities, Rakuten Insurance and other fintech ventures, into a single group.
- The fintech sector will continue to be the main sector of activity of the Rakuten Group (OTCPK:RKUNF) and Rakuten Bank will remain a significant consolidated subsidiary.
- Rakuten Group (OTCPK:RKUNY) is a parent company of Rakuten Bank and owns approximately 49.27% of the shares.
- The reorganization is expected to take effect in October, the company said.
- The integration aims to strengthen customer acquisition across online banking, credit cards, securities and insurance.