Kyndryl Holdings Inc. announced that it will support Yamaguchi Financial Group in modernizing its core banking system into a multi-bank platform. Under the agreement, Kyndryl Japan will manage the IT infrastructure domain, while IBM Japan will support the business application domain. The initiative, which began in January 2026, aims to consolidate the core banking operations of Yamaguchi FG's three banks—Yamaguchi Bank, Momiji Bank, and Kitakyushu Bank—onto a shared IT platform, with the new system targeted for launch in January 2029.
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