Mizuho Bank Ltd. is modernizing its legacy banking system for international operations with Oracle. Over the coming years, Mizuho will implement Oracle's banking solutions to support critical functions, including direct deposit accounts and liquidity management, at its operations in major overseas offices. The roll-out began with the successful replacement of Mizuho's legacy banking system at its New York offices.

Oracle's solutions are allowing Mizuho to enjoy the benefits of real-time processing support, a high level of STP for deposit operations and cash management services, and integrated postings between branches and subsidiaries for core banking operations. In addition to its use of Oracle FLEXCUBE and Oracle Banking Liquidity Management, Mizuho Bank also recently went live on Oracle Fusion Cloud Enterprise Resource Planning (ERP) to support financial processes in its NY accounting department. The bank will expand the deployment to include the bank's operations in Singapore and additional global business centers.