21 October 2017

IMS to provide core banking system to Shinkin Banks movement

26 July 2002  |  3885 views  |  0 IMS to provide core banking system to Shinkin Banks movement

Shinkin Banks Information System Center (SSC) of Japan has purchased IMS Systems' flagship core banking solution, Newton.

Under the agreement, IMS will replace the seperate mainframe systems currently used by Shinkin Banks' 350 member organisations - which are currently decentralised into seven regional centres - with one integrated Unix system.

It is anticipated the project will cut costs and centralise and streamline the banks' computer operations, eventually processing in excess of 45 million transactions each day, says the company.

Other Newton customers include JeonBuk Bank, the Central Post Office Bank and the Mutual Savings Association of Korea.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Brief: Korea's IMS Systems wins first Japanese bank contract

Brief: Korea's IMS Systems wins first Japanese bank contract

25 July 2002  |  2571 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8891 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8657 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7718 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7201 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6810 views comments | 14 tweets | 23 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job