KUALA LUMPUR, Nov 14 (Bernama) -- Japanese systems developer Zerobank Design Factory Co Ltd (ZDF), a subsidiary of the Fukuoka Financial Group, has announced it will begin offering a full-cloud banking system.
It said the system would be based on the core system that ZDF and Accenture developed for Minna Bank, Japan’s first digital bank.
“We are convinced that this full-cloud system is the solution to many of the challenges faced by companies seeking to enter the banking business.
“By sharing our successful experience with customers in a wide range of industries, we hope to contribute to the development of digital banking in Japan and abroad,” said ZDF and Minna Bank president and chief executive officer Kenichi Nagayoshi in a statement.
ZDF said it would provide this system to domestic and overseas financial institutions and non-financial businesses seeking to introduce new banking services.
By promoting digital transformation in the global financial industry, ZDF aims to realise its mission to “deliver valuable connections to everyone”.
“The system will enable businesses to quickly build banking systems from scratch on the cloud, allowing them to rapidly expand financial services optimised for each customer,” it said.
ZDF said the banking services provided could be completed on a smartphone through an intuitive user interface that makes opening accounts, making deposits, transferring money and applying for loans effortless.
“In addition, the system includes an analytics engine that allows the operator to visualise account processes such as deposits and withdrawals, interest accrual and fees to better personalise offerings for each customer,” it added.
-- BERNAMA
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