Ripple based MoneyTap onboards Ogaki Kyoritsu Bank

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Ripple based MoneyTap onboards Ogaki Kyoritsu Bank

SBI Holdings announced on Saturday Ogaki Kyoritsu Bank’s decision to connect to its next-generation financial infrastructure, MoneyTap. The Bank has been working towards its users’ convenience and has opened 24-hour stores, drive-through stores, and even mobile stores took the decision to allow user-oriented transactions.

SBI Holdings noted that the connection was a “multi-factor authentication of “ID/password (memory authentication) + SMS authentication to registered mobile terminals (possession authentication)” at the start of account linkage” and offered sufficient security. MoneyTap will allow the users of the bank to transfer money between individuals and will connect its system infrastructure to domestic and overseas financial institutions.

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