IYBank, a new bank specializing in automated services, will actively seek tieups with regional banks, IYBank President Takashi Anzai said.

"Regional banks will benefit if they tie up with us," he told Kyodo News in an interview Wednesday, a day after the bank opened for business.

IYBank was launched by major retailer Ito-Yokado Co. and its convenience store subsidiary Seven-Eleven Japan Co.