A Japanese provider of BtoB EC Trade Platform, Info Mart Corporation announced that the company entered into the field of FinTech utilizing IT and know-hows that the company has developed for 19 years through the BtoB platform.

On September 27, 2016, Info Mart Corporation will start to provide new function implemented to its clowd-based BtoB platform Invoicing where companies in any industry, of any size can send or receive invoices, go paperless, and save costs and time. The new function can automatically process reception erasure of payment from 3 mega banks in Japan (Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, and Mizuho Bank) and also remind overdue payment. This development can realize faster accounting operation and save more costs and time.

Recent years, many of clowd-based Fintech services utilize “Web scraping” technology for receiving data from banks. However, this technology has challenges of temporary out-of-service hours when banks update security measures, web screen layout and so on. On the other hand, the BtoB Platform Invoicing directly connects to firm banking of the banks and surely obtain all the data, this can solve above issues.

The company aims to expand the partnership with more financial institution such as regional banks, and credit unions and strengthen the functions.

(Source: Info Mart Corporation )