The first installment of a feature on SBI Shinsei Bank,Limited’s IT-led growth strategy following its recovery has been published. The feature examines the renewal of its next-generation core banking system, use of AWS, changes to its IT personnel strategy and its role in supporting regional banks as areas of focus going forward.
SBI Shinsei Bank,Limited has indicated that it will strengthen its IT strategy following the full repayment of public funds and its relisting, and is reported to be aiming to move away from “Indian-made packages” through the renewal of its next-generation core banking system.
The bank is developing an IT infrastructure centered on AWS and aims to halve system failures within approximately 3 years. Establishing a common platform is regarded as key.
A major transformation of its IT personnel strategy is also under way. The bank is reported to be recovering after a wave of departures, and the feature introduces approaches to talent utilization, including a system allowing employees to skip grades.
The series also addresses the changing role envisioned for the fourth megabank and efforts to support regional banks against a backdrop of interest-rate hikes.