17 March 2018

IBM Japan to create bank outsourcing venture

13 November 2000  |  3146 views  |  0 cd

IBM is establishing a new company, Regional Bank Solution and Services (RBSS), to deliver outsourcing services to Japanese banks.

The new venture, managed by IBM Global Services, will be established in Tokyo in December and will start operations in early 2001 as a wholly-owned subsidiary of IBM Japan. The organisation will start with a staff of 50 information technology specialists and business consultants and is expected to grow to over 150 employees by the end of 2001.

Currently, Musashino Bank, Daishi Bank, Kanto Bank, Yamagata Bank, Ashikaga Bank and, since 1 November, Ryukyu Bank, outsource their IT operations to IBM Japan. Other regional banks, including Hachijuni Bank, Awa Bank, Shinwa Bank, Miyazaki Bank and Ryukyu Bank, are also expected to make capital investments in RBSS.

Tadayoshi Miyamura, financial services sector vice president, IBM Japan, says that by sharing information technology and e-business capabilities, Japanese regional banks will be able to deliver better quality service at reduced cost. "As IBM Japan and the regional banks pool their expertise to aggressively deploy and utilise leading-edge IT through RBSS, joint operation of these IT systems will yield economies of scale that will serve to reduce costs," he says.

IBM Japan aims to establish outsourcing agreements with 20 banks or more by 2005, he adds. The total value of IBM Japan's IT outsourcing business with regional banks is currently US$950 million (Yen 100 billion).

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

PaineWebber turns to IBM/Vignette for one-to-one strategy

PaineWebber turns to IBM/Vignette for one-to-one strategy

08 November 2000  |  2906 views  |  0 comments
IBM and US banks form cheque imaging venture

IBM and US banks form cheque imaging venture

02 November 2000  |  4838 views  |  0 comments
Westpac outsources IT and telecomms to IBM/Telstra

Westpac outsources IT and telecomms to IBM/Telstra

12 October 2000  |  5519 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.ebaday.comVisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11744 views comments | 25 tweets | 5 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6733 views comments | 8 tweets | 7 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6440 views comments | 18 tweets | 17 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
6197 views comments | 12 tweets | 11 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6137 views comments | 13 tweets | 9 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job