SBI Holdings said that SBI Financial Services is fully owned by Double Standard Inc. It raises its share to make the Tokyo data provider to make it belonging to the stock company.
SBI Financial Services, an intermediary holding company for the group’s financial services, entered an alliance of capital and business with Double Standard in December 2019.
The last purchase of 55,000 shares through market transactions will raise the ownership of the group’s voting rights from 19.73 % to 20.13 %.
Double Standard specializes in generating and providing large data for corporate customers using royal data cleaning technology. SBI said the company has supported the development of the system and its operations for group companies, especially through SBI Securities.
SBI noticed that expanding its customer base, including exceeding 14 million comprehensive securities accounts in March, has created challenges in data management and use.
The increasing share aims to enhance the Double Standard data cleaning application, support the adoption of general personal authentication services using my own ID card, provide digital transformation services to companies and partners, and provide a site consultation to improve systems and operations.
The company added that the treatment is expected to have a simple impact on its unified financial results.
SBI Holdings said this step reflects its “centered principle around the customer” and aims to solve operational problems while contributing to the growth of Double Standard.