Japan Net Bank (JNB), Japan’s first Internet bank without physical branches, put into operation in October 2000. It attracted mainly young customers convenient, the Bank Around-the-clock services with much more competitive interest rates and transaction costs than traditional Japanese banks. The access channels contain the mobile Internet service i-mode and fixed-line internet. JNB based on flexible, open computer systems and a small, young workers, to minimize the operation. Its share … Read more »

Japan Net Bank (JNB), Japan’s first Internet bank without physical branches, put into operation in October 2000. It attracted mainly young customers convenient, the Bank Around-the-clock services with much more competitive interest rates and transaction costs than traditional Japanese banks. The access channels contain the mobile Internet service i-mode and fixed-line internet. JNB based on flexible, open computer systems and a small, young workers, to minimize the operation. The shareholders, including the parent company, Sumitomo Mitsui Banking Corp. and NTT DoCoMo (provider of i-mode), were all large companies from different industries. By April 2001, JNB had 130,000 customers. But it is needed to create a series of questions before they resolve in a position to achieve long-term success in the face of strong competition from brick-and-mortar banks and new Internet-only banks. One such question was how. Having large variations in the use, without too much to meet the other was alliance management, ie how to collaborate with alliance partners to achieve competitive advantages
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from
Ali F. Farhoomand,
Vincent Mak
Pauline Ng
Source: University of Hong Kong
14 pages.
Release Date: 24, January 2002. Prod #: HKU178-PDF-ENG
Japan Net Bank: Japan’s first Internet-only bank HBR case solution

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