Kyndryl revolutionizes Japanese banking: Major overhaul with AWS and cutting-edge technology

Kyndryl (NYSE: KD) has secured a pivotal role as a delivery vendor in the modernization of Japan’s banking sector through its involvement with the SBI Next Generation Banking System. This partnership highlights Kyndryl’s deep expertise in IT infrastructure and core banking systems, aiming to enhance the efficiency and stability of financial operations in Japan.

In a significant move for Japan’s banking industry, Kyndryl, the world’s largest IT infrastructure services provider, has been selected to modernize the SBI Next Generation Banking System. This system, a collaborative creation by SBI Regional Revitalization Banking System and Future Architect, runs on Amazon Web Services (AWS) and represents a major step forward in the modernization of Japan’s financial infrastructure.

Jonathan Ingram, President of Kyndryl Japan, expressed his company’s honor in being chosen for this critical mission. Ingram emphasized that Kyndryl would leverage its extensive advisory experience and its longstanding track record with core banking systems to ensure a seamless transition to the new system. His remarks underscore Kyndryl’s commitment to enhancing efficiency, productivity, and overall value for the SBI Next Generation Banking System and its users.

Kyndryl Consult has played a crucial role by offering advisory services to support the modernization of the SBI Next Generation Banking System. Drawing from years of experience with core banking systems for Japanese regional banks, Kyndryl is helping to automate operations, bolster stability, and improve operational efficiency.

The SBI Next Generation Banking System is designed to address regional revitalization, a key strategic priority for Japan. It incorporates advanced technologies such as AWS for cloud infrastructure and various software-as-a-service solutions to streamline banking operations.

Kyndryl will also implement its integrated monitoring tool, Monitoring & Event as a Service (M&EaaS), which manages alerts and events, automating processes to enhance operational quality and efficiency. Additionally, the company will utilize Site Reliability Engineering (SRE) practices to optimize the entire system’s development and operational processes, focusing on system reliability and performance.

As part of its responsibilities, Kyndryl will build and manage the IT-related Business Continuity Plan for the SBI Next Generation Banking System. This will involve ensuring the safety, security, and stability of the banking operations, which are critical for maintaining business continuity.

Kyndryl’s efforts will not only support the modernization of the SBI Next Generation Banking System but will also contribute to the broader efficiency and modernization goals for SBI Group companies. By continuing to support regional banks through this initiative, Kyndryl reinforces its position as a strategic partner in Japan’s financial sector.

Key Points:

– Kyndryl has been chosen as a delivery vendor for Japan’s SBI Next Generation Banking System.

– The system, developed by SBI Regional Revitalization Banking System and Future Architect, runs on AWS.

– Kyndryl’s advisory services and technology solutions aim to enhance efficiency and reliability.

– Implementation of M&EaaS and SRE practices will optimize system performance and business continuity.

Kyndryl’s selection as a key partner in this banking modernization project underscores its strong reputation in the IT infrastructure sector. The strategic use of AWS and advanced monitoring tools positions Kyndryl to effectively address the complex needs of Japan’s financial institutions, enhancing both operational efficiency and system reliability. This partnership marks a significant step forward in the evolution of Japan’s banking infrastructure.