Daiwa Bank and IBM Japan Ltd. said Monday they have agreed to form a joint venture that will develop and operate information systems for the commercial bank.
The two companies will sign a 10-year outsourcing contract under which IBM Japan and the joint venture will operate the bank’s information systems, they said. The joint venture company is to be capitalized at 100 million yen, with Daiwa owning 65 percent and IBM the rest, according to the officials.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.