TOKYO, July 16, 2024 — Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, today announced that it has been selected as a delivery vendor to modernize banks and financial services firms on Japan's new SBI Next Generation Banking System. Kyndryl Consult provided advisory services, leveraging its knowledge of supporting core banking systems for Japanese regional banks to modernize and automate operations and improve stability and operational efficiency. Fukushima Bank is the first bank institution to operate on this new system, powered by Amazon Web Services (AWS).
"Regional revitalization is one of Japan's most strategic imperatives, and we are honored to have been chosen as one of the select partners of the new SBI Next Generation Banking System," said Jonathan Ingram, President of Kyndryl Japan. “To lead this important mission for the country, we will leverage our advisory services and decades-long track record supporting mission-critical systems for regional financial institutions to ensure a smooth transition to this modern system, creating greater efficiency, productivity and value to the SBI Next Generation Banking System and their customers.”
SBI Next Generation Banking System is a core banking system developed by SBI Regional Revitalization Banking System and Future Architect and runs on AWS.
Leveraging the knowledge gained from supporting the mission-critical, core banking systems of regional banks in Japan for many years, Kyndryl Consult provided advisory services to guide SBI’s implementation of technology to improve the SBI Next Generation Banking System long term. Kyndryl supports the main part of the operations of multivendor next-generation banking systems, including core banking systems built on AWS and other software-as-a-service solutions. For example, Kyndryl's integrated monitoring tool, Monitoring & Event as a Service (M&EaaS), manages alerts and events, and automates operations to improve operational efficiency and quality.
In addition, Kyndryl will adopt SRE (Site Reliability Engineering) to design an operation process that is aware of the cycle of the entire system, including not only operations but also development, to enhance the system's quality and improve reliability. Kyndryl will also build and manage SBI Next Generation Banking System’s IT-related Business Continuity Plan and will focus on strengthening the business continuity of systems that require safety, security and stability. Kyndryl will continue to support many regional banks through this initiative, and as a strategic partner, will also contribute to the modernization and efficiency of system operations for SBI Group companies.
About Kyndryl
Kyndryl (NYSE: KD) is the world’s largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.
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