ORIX: Altoa will provide its accounting data credit model to Resona Bank

TOKYO, Japan – September 8, 2021 – ORIX Corporation (“ORIX”) and Yayoi Co., Ltd. (“Yayoi”) today announced that they have agreed to provide the online loan credit model operated by Altoa, Inc. (” Altoa ‘) – a subsidiary set up jointly by the two companies – to Resona Bank, Limited. (“Resonance Bank”).

In January 2020, Resona Bank launched Speed ​​on !, a fully online business loan service. The combination of bank account information and other applicant data with Altoa’s credit model will enable Resona Bank to understand the creditworthiness of loan applicants and present suitable loan terms.

Since December 2017, Altoa has been offering an online loan service that uses an AI-powered credit model of accounting data. With the entire application process taking place online, the service will provide same-day loans as soon as possible; it therefore offers a convenience absent from loans that require feasibility assessments. Altoa has so far concluded a total of approximately 1,300 loan agreements.
Following the transfer of Altoa’s lending business to ORIX in April 2021* 1, Altoa has promoted a Lending as a Service (LaaS) activity, through which it provides credit models and evaluation systems to financial institutions. Altoa intends to further improve the accuracy of its credit models by increasing the number of financial institutions it collaborates with and accumulating greater volumes of credit data. Furthermore, by collaborating with accounting software companies other than Yayoi, Altoa aims to develop credit models compatible with the most varied forms of accounting data.

In the future, ORIX and Yayoi will continue to create new services for the small-scale business loan market.

* 1 For more information, please refer to the press release of April 8, 2021:
Announcement concerning the transfer of the ALTOA online loan service to ORIX

■ Information on Altoa’s LaaS business
Through its LaaS business, Altoa provides financial institutions with full or partial customer management and credit management systems required for online lending; this includes accounting data credit models and other valuation services. Using new credit models that combine feasibility-based loans with accounting data, financial institutions can leverage larger volumes of information to make more accurate credit assessments. The use of AI helps to provide fast, reliable and consistent assessments.

■ About Altoa, Inc.

Street address

21st floor, Akihabara UDX, 4-14-1 Soto-Kanda, Chiyoda-ku, Tokyo


Koichiro Okamoto (President and CEO)


February 2017


Yayoi Co., Ltd., ORIX Corporation and others

Description of the activity

Development, provision and support of credit models and loan support services

Contact information:
Investor Relations and Sustainability Office
ORIX Corporation
Tel: + 81-3-3435-3121

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group that provides innovative products and services to its clients by constantly pursuing new businesses.
Founded in 1964, since its inception in the leasing industry, ORIX has evolved into neighboring sectors and currently has expanded into lending, investing, life insurance, banking, wealth management, automotive, real estate, environmental and energy businesses. Since entering Hong Kong in 1971, ORIX has spread its business globally by establishing offices in 31 countries and regions around the world.
In the future, ORIX intends to use its strengths and skills, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in commercial activities that bring vitality to its companies and workforce, thus contributing to society. For more details, visit our website: https://www.orix.co.jp/grp/en/
(As of March 31, 2021)

Caution Concerning Forward-Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. These statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described in “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and in “(4) Factors risk “of 1. Summary of the consolidated financial results’ of the ‘Consolidated financial results 1st April 2020 – 31st March 2021.’


ORIX Corporation posted this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unpublished and unaltered, on 08 September 2021 02:11:05 UTC.

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