#Japan #Tokyo #Corporate Banking #COREC #Finswer

Finswer Expands Horizons with COREC BANK Launch

In an exciting development within the corporate finance landscape, Finswer, headquartered in Shibuya, Tokyo, has officially launched its first white-label corporate online banking service, COREC BANK, in collaboration with Raccoon Commerce. This initiative sets a new standard for business banking by allowing companies to provide bespoke banking services under their own brands. The service marks a significant milestone for both firms aiming to streamline financial transactions for over 88,000 existing users of the COREC system.

What is COREC BANK?

COREC BANK is a cutting-edge online banking service that combines essential corporate banking functions with advanced operational efficiencies. Tailored specifically for businesses, it provides key features such as:

• - Online Account Opening: Opening a corporate bank account can now be completed online in as little as 15 minutes, with minimal required documentation and no need for in-person visits or mail submission.
• - Economical Transfer Fees: COREC BANK offers some of the lowest transaction fees in the industry, with charges starting from around 90 yen per transfer to other banks. The platform also provides competitive rates for payroll transactions and in-house transfers.
• - AI-Powered Invoice Processing: Automating the accounts payable process, this innovative service utilizes AI to read incoming invoices and process payments without manual entry, improving efficiency and accuracy.
• - Comprehensive Accounting Features: Additional functionalities include expense reimbursement processing, compliant invoice management, and automated timestamping for electronic record-keeping, along with integrations for accounting software.

Plans Offered

COREC BANK provides a range of account options, including:
1. Free Plan: No monthly fees for basic features suited for startups.
2. Standard Plan: A subscription at 2,980 yen per month for enhanced capabilities.
3. Pro Plan: Available at 7,980 yen per month for comprehensive banking solutions.

The service began operations on August 19, 2026, and to celebrate this launch, Finswer is rolling out an incentive campaign for new clients—offering a 10,000 yen Amazon gift card for businesses that open corporate accounts during the promotion period, which runs until September 30, 2026.

The White-Label Advantage

Finswer’s white-label banking service presents a seamless path for businesses wishing to expand their service offerings without the burden of navigating regulatory challenges or extensive system integrations. Traditional barriers to entry in the banking sector often deter many companies due to the significant time and resources required. With Finswer's model, partners can focus on marketing and customer engagement while benefiting from the robust banking infrastructure that Finswer and its subsidiary, f9k, have developed. Businesses can expect deployment to be completed in as little as two months.

The COREC BANK is not merely a product but a strategic tool for facilitating digital transformations within organizations by integrating banking services into existing platforms utilized by end-users, thus enhancing user engagement and satisfaction.

Executive Comments

Shuhei Taguchi, COO and co-founder of both Finswer and f9k, expressed enthusiasm about the launch stating, "The provision of banking services often presents challenges concerning regulatory compliance and systems development. This white-label initiative enables partner firms to smoothly initiate their banking services under their brand. Our collaboration with Raccoon Commerce, which supports over 88,000 businesses, is particularly exciting for us. We aim to scale this service even further for all companies interacting with corporate customers."

Kazuki Waku, President of Raccoon Commerce, emphasized the need for efficient transaction processing, stating, "While COREC has significantly improved ordering processes between businesses, back-office operations such as payment confirmations still demand numerous manual efforts. COREC BANK allows us to offer both banking convenience and the simplicity and ease of use associated with our current offerings, fostering a bright future for corporate financial management."

Company Overview

Finswer and its subsidiary, f9k, were established to revolutionize the corporate banking sector. Located in the heart of Tokyo, Finswer, founded by Kohei Ogawa in July 2020, continues to seek innovative solutions to empower businesses. Raccoon Commerce, founded in November 2018, remains dedicated to enhancing B2B transaction efficiencies.

For more details about COREC BANK, please visit its service page here and for inquiries regarding partnership opportunities, check out this link.