Announced details
System development, data utilization and AI-driven development at financial institutions
Supports asset management and economic research operations at more than 250 financial institutions, think tanks, government entities, government-affiliated financial institutions and overseas hedge funds in Japan and overseas (stated as Nowcast’s track record).
Finatext and Nowcast have a business relationship with Mizuho Securities under which they provide support for migrating its database to the cloud, validating AI tools, establishing governance and promoting adoption across the organization. Capital and personnel relationships: Not disclosed.
Head office: Chiyoda-ku, Tokyo; President: Hamamoto Yoshiro (浜本吉郎). Securities company. Other attributes: Not disclosed.
The impact of this matter on financial results is expected to be minor.
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Support for migrating a large-scale database to the cloud, AI-driven development support, Kiro, Devin, Genesis/Nexus |
| Counterparty | Mizuho Securities Co., Ltd. |
| Counterparty overview | Head office: Chiyoda-ku, Tokyo; President: Hamamoto Yoshiro (浜本吉郎). Securities company. Other attributes: Not disclosed. |
| Relationship with the Company | Finatext and Nowcast have a business relationship with Mizuho Securities under which they provide support for migrating its database to the cloud, validating AI tools, establishing governance and promoting adoption across the organization. Capital and personnel relationships: Not disclosed. |
| Applicable area | System development, data utilization and AI-driven development at financial institutions |
| Usage history | Supports asset management and economic research operations at more than 250 financial institutions, think tanks, government entities, government-affiliated financial institutions and overseas hedge funds in Japan and overseas (stated as Nowcast’s track record). |
| Impact on Business Performance | The impact of this matter on financial results is expected to be minor. |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Mizuho Securities was advancing the introduction of generative AI into its system development processes, while needing an environment for safe and effective use and a platform that would enable secure use of data distributed across the organization.