August 1, 2019
Fincross DIGITAL Co., Ltd.
Development and Implementation of aFinancial Products Recommendation System that Leverages AI Technology
Five member banks of the Fincross Partnership*1, The Gunma Bank, Ltd. (President:Akihiko Fukai), Shikoku Bank, Ltd. (President: Fumiaki Yamamoto), The Chiba Kogyo Bank
Ltd. (President: Hitoshi Umeda), The Tsukuba Bank, Ltd. (President: Masahiko Ikuta), andThe Fukui Bank, Ltd. (President: Masahiro Hayashi), have decided to jointly develop andimplement a cloud-based financial products recommendation system that leverages AI
technology, as per the details below.
*1The Fincross Partnership is an alliance between seven regional banks (The Senshu

Ikeda Bank, Ltd., The Gunma Bank, Ltd., The San-In Godo Bank, Ltd., Shikoku Bank, Ltd.,The Chiba Kogyo Bank Ltd., The Tsukuba Bank, Ltd., and The Fukui Bank, Ltd.) aimed at
jointly conducting research and development for digitization of operations. Fincross DIGITAL
Co., Ltd. provides secretariat operations for the Partnership.

Notes
1. Background/Circumstances
The banks have been dedicated to supporting the building of assets with a customer-first
attitude, and have agreed to jointly develop this System in order to further enhance theirfinancial services (providing information that relate to asset building, providing precise
consulting services, etc.) by leveraging AI to better analyze and utilize various data withineach bank.
2. Key Functions of the System(1) Banks will be able to roll out sales initiatives with higher standards by understanding
customer situations and psychologies that were formerly difficult to grasp, thereby
grasping the needs of customers that wish to purchase financial products andproviding information related to asset building. [refer to Section 3.(1)](2) A cloud-based system infrastructure has been selected, considering thecharacteristics of big data (large scale, speed of generation, diversity of data types)
and the ability to meet the high demands of financial institutions (regarding
information security, etc.). [refer to Section 3.(2)](3) Solutions that will support the establishment and maintenance of “organizations withexpertise in specific fields” and “foundations that enable secure usage” will beprovided simultaneously, to allow banks to use the cloud safely and with assurance.
3. Systems to be Developed/Services to be Used/Vendors
Systems to be Developed

Developing Vendor
Daiwa Institute of Research(1) Financial Products
Recommendation System

Business Innovation Ltd.
(Eitai Dia Building, 1-14-5 Eitai, Koto-ku,Tokyo)

Services to be Used
(2) System Infrastructure
Amazon Web Services (AWS)*2(3) Solution Utilizing the Public Cloud
A-gate ™*3

Providing Vendors
Amazon Web Services Japan K.K.
NTT DATA Corporation(3-3-3 Toyosu, Koto-ku,Tokyo)*2 Amazon Web Services, Amazon Web Services Japan K.K., and AWS are trademarks ofAmazon.com, Inc. or its affiliates in the United States and/or other countries.
*3 A-gate™ is a trademark of NTT DATA Corporation.

4. Expected Benefits of Joint Development and Implementation(1) Reduction of system development costs(2) Compression of development schedule through joint development(3) Increasing stability and quality of AI-generated predictions(4) Sharing of usage know-how and knowledge regarding the System
5. Schedule Going Forward
Scheduled Launch of System

Applicable Banks

Around October 2019

Gunma Bank

Around November 2019

Chiba Kogyo Bank, Tsukuba Bank

Around January 2020

Shikoku Bank, Fukui BankWe will continue to aggressively support the digitization of the participating banks of theFincross Partnership.
Any inquiries on this press release shall be made through the inquiry form at
https://www.finx.jp/en/#contact