The Bank of Shizuoka, Ltd. (President and CEO: Minoru Yagi, hereafter, Shizuoka Bank) and Hitachi, Ltd. (Executive Officer, President and CEO: Keiji Kojima/hereafter, Hitachi) have now completed technical verification and effect verification for the development of an account system (hereafter, this system) that operates on a public cloud, and have begun system construction.
In this system, the open account system jointly developed by the Shizuoka Bank and Hitachi is scheduled to be put into production operation on Amazon Web Services (hereinafter referred to as AWS) by the end of 2027. As a result, the Shizuoka Bank will rapidly provide financial services with even higher added value by promoting cloud first, strengthen its business continuity system, and lead to the realization of a decarbonized society through reducing power consumption.
At the same time, Hitachi will contribute to DX promotion of financial institutions by applying this system to open account systems, etc. starting with the open account package “OpenStage,” and deploying it to other financial institutions.

backgrounds

In recent years, it is important for financial institutions to respond flexibly and quickly in line with rapidly changing values and environments of diversified and sophisticated end users. Furthermore, environmentally friendly management, such as reducing resource and energy consumption associated with business activities, is also required.
Against this background, the Shizuoka Bank began a “cloud first” initiative from 2023/12 to consider making public clouds as the top priority for all group systems*1. Thus, while utilizing advanced technology in the cloud, we aim to build a financial infrastructure that can respond more quickly to the needs of end users and more stably provide financial services with high added value.
Hitachi has been working to provide value to customers and society through its long-standing partnership with AWS and diverse achievements, including mission-critical system transitions for social infrastructure companies. Also, recently, in 2024/3, we signed a strategic collaboration agreement*2 with AWS aimed at promoting system modernization and cloud migration for client companies.
Under these circumstances, technical verification and effect verification for the public cloud conversion of the open account system, which was being promoted by the three companies Shizuoka Bank, Hitachi, and AWS, were completed, and since feasibility was guaranteed, system construction officially began.

Features of this system

In this system, the open account system that was put into operation in 2021 will be migrated to AWS and operated on a public cloud. The open account system jointly developed by the Shizuoka Bank and Hitachi is being packaged as “OpenStage” and is being introduced to other financial institutions, and by adopting advanced technology through openness that makes it easy to expand functions, and the application structure has been revamped, achieving high development productivity and speed, compatibility and flexibility with the latest digital technology. By migrating to AWS this time, the following effects can be expected.

Future Initiatives

Going forward, the Shizuoka Bank will continue to promote the rapid provision of products and services with high added value by advancing cloud-first initiatives, and aim for data centers in the future to reduce power consumption, leading to the realization of a decarbonized society in the region.
In addition, Hitachi aims to apply this initiative to open account systems, etc. starting with “OpenStage,” and will support DX of financial institutions by deploying it to other financial institutions.

About the Hitachi Open Account package “OpenStage”

<つながる><組み合わせる><連携させる>“ OpenStage” is a Linux-based open account package that changed the system structure from three perspectives and converted to a “use” account system. By implementing an “agile system that is resistant to environmental changes,” we will strongly support the implementation of quick management strategies and the provision of diverse financial services into the future.

Related websites

About the Shizuoka Bank

Taking advantage of the transition to a holding company structure in October 2022, the Shizuoka Bank is working to support solutions to issues faced by the region and customers while further enhancing its functions as a comprehensive financial group.
Currently, in the first medium-term management plan “Xover - Pioneering a New Era,” promoted by the Shizuoka Financial Group, “human capital management” is placed at the center of the management strategy, and four basic strategies are being developed: “regional co-creation strategy,” “group business strategy,” “transformation strategy,” and “group governance strategy.” Through these activities, we aim to create both social value and enhance corporate value by providing diverse functions and services possessed by the Group to a wide range of regions.

About Hitachi, Ltd.

Hitachi is promoting social innovation projects that realize a sustainable society through data and technology. We solve customer and social issues through Lumada solutions that utilize IT, OT (control/operation technology), and products under a three-sector business system: “digital systems & services” that support customer DX; “green energy & mobility” that contributes to the realization of a decarbonized society through energy and railways; and “Connected Industries,” which digitally connects products in a wide range of industries and provides solutions . Driven by digital, green, and innovation, we aim for growth through co-creation with customers. Sales revenue for the three sectors for fiscal year 2023 (fiscal year ending 2024/3) was 8,564.3 billion yen, and as of the end of March 2024, there are 573 consolidated subsidiaries and approximately 270,000 employees worldwide.

Contact information

Hitachi, Ltd. Financial Systems Sales Management Division [Person in Charge: Chiba, Takashima]
1-6-1 Marunouchi, Chiyoda-ku, Tokyo 100-8220