O-Bank

Banking & Financial Services

Taipei City, Taipei City

Taiwan

www.o-bank.com

About O-Bank

Founded in 1999, O-Bank Co., Ltd., formerly known as Industrial Bank of Taiwan (IBT), has had a deep-rooted conviction in financial inclusion and innovations. After mainly serving corporate and institutional clients for more than a decade as a boutique investment bank, the Bank formally restructured and changed its name to “O-Bank” in 2017, entering the retail banking market and aiming to provide consumers a convenient, reliable, and user-centric banking experience with the help of digital financial technology. As the first native digital bank in Taiwan, O-Bank provides innovative and inclusive financial products and services that aim to serve the underserved. The Bank’s mobile APP is the first in Taiwan to endeavor account opening via mobile device, meanwhile it also pioneers several major digital products and services in Taiwan including the first robo-advisor wealth management tools, fully online micro loan approval procedures, original and intuitive APP functions and features, and 24/7 video call center in replacement of traditional branch network. With minimal branch setups and high level of internal digitization, O-Bank’s operational processes have also proven to be environmental friendly. Moreover, the Bank has consistently taken concrete actions to support purpose-driven companies such as social enterprises and certified B Corps.

O-Bank’s Chinese name, Wangdao, is drawn from the spirit of inclusiveness, walking the right path, and fulfilling oneself by benefiting others. The English alphabet “O” represents fulfillment and the everlasting circle of life. O-Bank embraces this spirit of sustainability and is committed to providing inclusive services and win-win solutions through diligent and persistent innovations. The Bank’s tagline, ALL FOR YOU, resonates with B Corp ‘s core principle to be “best for the world” rather than simply best in the world, and defines the Bank’s relationships with all of its stakeholders.

We envision a world where win-win, as opposed to zero-sum, becomes the norm of doing business. By joining the B Movement we vow to help redefine success in business and make this world a more inclusive and sustainable place for future generations.

What makes us a better company?

B Impact Report

Certified since: 

October 2017
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

10
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

28
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

19
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

17
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

15
6
Overall B Score
89
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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