Taiwan’s first internet-only bank: Rakuten International Commercial Bank

March 19, 2021
by Rakuten.today
Taiwan’s first internet-only bank: Rakuten International Commercial Bank

On January 19, 2021, Taiwan ushered in a new era of financial services with the launch of its very first internet-only bank: the Rakuten International Commercial Bank (RICB). Last year ― for the first time in nearly 30 years ― Taiwan’s Financial Supervisory Commission announced that it is inviting applications for internet-only banking licenses, in …