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New Article Created

4 months ago
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Promoting generative AI utilization in the financial sector

NRI (Nomura Research Institute) -

With generative AI expected to yield big benefits across the financial sector amid burgeoning interest in its applicability to business, the Financial Data Utilizing Association (FDUA) recently published a handbook on generative AI use cases at financial institutions and risks specific to those use cases. We spoke to the FDUA’s Representative Director Takuro Okada about the aim of publishing the handbook and plans for future editions.

New Article Created

4 months ago
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Risks inherent in the rehost or rewrite approach to modernizing legacy systems

NRI (Nomura Research Institute) -

Insurers are migrating away from legacy mainframe systems through rehosting or rewriting. However, such modernization projects tend to go awry when undertaken without sufficient preparation or with too much priority placed on minimizing project costs. Such pitfalls, which have in fact cropped up in some high-profile cases, can be avoided by thoroughly analyzing the legacy system before attempting to modernize it.