NEC Hosts First Financial Modernization Seminar for Banks and Financial Institutions

NEC Hosts First Financial Modernization Seminar

On July 28, 2025, NEC held its first Financial Modernization Seminar, targeting banks and financial institutions. As market conditions evolve, there is an anticipated shift in the management strategies of these institutions. This necessitates the transformation of supporting IT systems, which are often large and complex due to the intricacies of industry regulations such as the FISC safety standards. The seminar aimed to provide essential information and resources to facilitate modernization based on these factors.

During the seminar, attendees were introduced to various themes including case studies on modernizing legacy core systems, examples of automation and labor-saving measures in operations driven by talent shortages, and current trends in cloud utilization and security strategies among regional financial institutions. Esteemed speakers from Daiwa Institute of Research and Amazon Web Services Japan were also present, contributing diverse perspectives to the discussions.

The event was well-received, with over 20 companies, primarily from regional financial institutions and credit unions, in attendance. Participants benefited from practical illustrations of modernization and the application of cutting-edge technologies, leading to insights into common challenges faced by financial institutions and a deeper understanding of prospective IT strategy directions.

NEC plans to continue offering seminars in the future, focusing on scenarios applicable to common management agendas across financial institutions, as well as providing insights on advanced digital technologies.

Event Overview

- Title: First NEC Financial Modernization Seminar
- Date: July 28, 2025 (Monday) from 14:00 to 16:30 (Online)
- Organizer: NEC Corporation
- Participants: 22 companies, including regional financial institutions and credit unions

Program Highlights

1. Courage to Change, Connect the Future: Leading Modernization of Securities Back Systems
Presented by Taka Akira from Daiwa Institute of Research, this segment highlighted the design philosophy of loosely coupled architecture and project methodologies that allow for the modernization of legacy systems.

2. Configuration Management and Automation Using Exastro:
Presented by Tetsu Waki of NEC, this discussion revolved around building and operational solutions that address labor shortages and enhance operational efficiency.

3. Latest Trends in Cloud Utilization for Regional Financial Institutions:
Keiichi Watanabe from AWS Japan presented on AWS's initiatives for regional financial institutions and shared recent case studies demonstrating cloud application trends.

4. Transforming Costs into Investments: Strategic Cybersecurity Choices for Executives
Makoto Ogawa from NEC discussed prevailing cybersecurity trends impacting financial institutions and key points in promoting security strategies.

Participant Feedback

- Attendees found it extremely beneficial to hear about the wide-ranging aspects of core system reconstruction—from background to current accomplishments and future challenges.
- Insights gained from Daiwa's modernization cases provided specific responses to address the impending 2025 cliff issue.
- The discourse on advanced operational methods helped raise lofty ideals about future mainstream practices.
- Attendees appreciated the thorough explanations, gaining valuable insights into NEC's contributions and cutting-edge trends in the financial domain.

Moving forward, NEC believes in the value creation model known as BluStellar, which combines cross-industry knowledge and cutting-edge technology to transform business models and address both social and client-specific management challenges. The BluStellar Modernization Financial Program is part of their commitment to aiding the modernization of financial institutions, contributing to their digital transformation using advanced techniques such as cloud computing and AI.

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