Fujitsu and Mizuho Financial Group have started joint verification trials by leveraging the former’s generative artificial intelligence (AI) technology to optimise the development and maintenance operations of the Japanese banking group’s system.
According to the Japanese information and communications technology company, the trials will be executed between 19 June 2023 and 31 March 2024.
As part of the joint trials, Fujitsu and Mizuho Financial will focus on deploying the former’s generative AI technology within the development process of the bank’s system.
The partnership aims to verify the efficiency of AI in automatically identifying errors and omissions in system design plans and audit processes.
Fujitsu and Mizuho also plan to develop a technique to automatically produce test specifications from system design plans enhanced with generative AI technology.
Besides, both parties seek to deploy generative AI technologies to work processes and activities, including the generation of source code, system development as well as maintenance to increase work process resilience.
Fujitsu stated that it will utilise research results from the project to strengthen practical research in the industrial world and implement them to Mizuho Financial’s system to further enhance quality and efficiency in the latter’s operations.
The company introduced its new AI platform called Fujitsu Kozuchi in April 2023 to provide commercial users around the world with access to a range of AI and machine learning (ML) technologies.
Last month, Mizuho Financial agreed to acquire American mergers and acquisitions (M&A) advisory firm Greenhill in an all-cash deal with an enterprise value of nearly $550m. Under the terms of the transaction, the shareholders of the investment bank will receive a purchase price of $15 per share in cash from Mizuho Financial.
