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Mizuho Bank in core banking tech overhaul with Oracle

February 6, 2023

The rollout, which began with the replacement of legacy banking systems at Mizuho’s New York offices, will take place over the coming years in Mizuho’s major overseas offices. Oracle’s banking solutions will be used to support “critical” functions for the bank, including direct deposit accounts and liquidity management.

Mizuho Bank says Oracle’s solutions include real-time processing support, a high level of straight-through processing (STP) for deposit operations and cash management services, and integrated postings between branches and subsidiaries for core banking operations.

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