APAC

Sumishin SBI Net Bank Moves Accounting System to AWS

SBI Sumishin Net Bank announced that it will evolve its open core banking system, "NEFSS (Next Evolution in Financial Services Systems)," provided by IBM Japan, into a new architecture that will enable expansion in line with future growth. The bank will also fully migrate to the Amazon Web Services ( AWS ) cloud environment by early 2028. Since its launch in 2007, the bank has leveraged cutting-edge technology to grow as a "digital bank" offering full online banking services, including deposits, payments, and loans. Currently, the bank has 8.25 million accounts and a total deposit balance of over ¥11 trillion. While NEFSS has long operated reliably as the core core banking system for internet banking, the bank is migrating to a next-generation cloud-based core banking architecture with an eye toward…