Zerobank Design Factory Co., Ltd. (ZDF), a subsidiary of Fukuoka Financial Group, has introduced that it’s going to start providing a full-cloud banking system. The system relies on the core system that ZDF and Accenture developed for Minna Bank. ZDF will present this method to home and abroad monetary establishments, in addition to to non-financial companies searching for to introduce new banking providers. By selling digital transformation within the international monetary business, ZDF goals to understand its mission to ‘Deliver valuable connections to everyone’.
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ZDF to Offer Full-Cloud Banking System (Graphic: Business Wire)
The system will allow companies to rapidly construct banking programs from scratch on the cloud, permitting them to quickly increase monetary providers optimized for every buyer. All providers could be accomplished on a smartphone by an intuitive person interface that makes opening accounts, making deposits, transferring cash, and making use of for loans easy. In addition, the system consists of an analytics engine that permits the operator to visualize account processes comparable to deposits and withdrawals, curiosity accrual, and costs to higher personalize choices for every buyer. These modern digital providers and new buyer experiences will improve company worth.
The system structure ensures scalability, fault tolerance, and adaptability by utilizing a public cloud. The functions constructed on high could be flexibly developed due to a design that features loosely coupled microservices and API structure. For clean deployment, there are additionally associated property for environment friendly growth and operation, together with pipelines and asset administration. In addition, the BaaS platform, an API integration system compliant with the FAPI worldwide safety customary, permits straightforward integration with API suppliers and companion companies which might be focused on creating new providers. This system growth initiative received the grand prize on the Japan Financial Innovation Award 2020.
Kenichi Nagayoshi, President and CEO, ZDF and Minna Bank, commented:
“Minna Bank, which opened in May 2021 as Japan’s first digital bank, has been extremely popular among the target digital native generation, with 1 million app downloads and 400,000 accounts opened in the first year. During this period, we continued to work with Accenture to expand our knowledge of the systems, functions, and designs required by digital banks and to update our technology accordingly. 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.”
About Zerobank Design Factory (ZDF)
ZDF is the system growth firm who builds Minna Bank’s core system, and the primary developer in Japan to construct the core banking system on a public cloud. ZDF is a wholly-owned subsidiary of Fukuoka Financial Group.
About Minna Bank
Minna Bank, Ltd. is Japan’s first digital financial institution which commenced industrial operations on May 28, 2021. Minna Bank means “a bank for everyone” in Japanese. Its mission is to “Deliver valuable connections to everyone.” Minna Bank strives to turn into a pioneer within the monetary providers business, creating and connecting ecosystems together with shopper and business clients and varied communities. Minna Bank is a completely owned subsidiary of Fukuoka Financial Group. https://corporate.minna-no-ginko.com/information/corporate/2021/01/14/14/?wovn=en
About Fukuoka Financial Group
Fukuoka Financial Group, Inc. (FFG, TOKYO:8354), established in 2007, is Japan’s largest regional monetary group. FFG has a large community protecting the complete Kyushu area. FFG is actively pursuing a Digital Transformation (DX) technique, and established Minna Bank, Japan’s first digital financial institution architected from the bottom up.
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