eBank is a pure-internet-play bank in Japan and was granted a full banking license from the Financial Services Agency in 2001. Now holding US$2.7 Billion deposits for over 1.3 million customers, eBank has built its payment settlement core business on a state of the art IT system, and concentrates on selective services and products, without the burden of legacy systems or bad debts. The technical advantage created by eBank has been recognized by the Japanese Ministry of Economy, Trade and Industry in a recent award.