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Hokuriku Bank and Hokkaido Bank, under Hokuhoku Financial Group, collaborate with Fujitsu on AI trials to enhance internal processes and document creation.

As cooperative experiments to develop the technology in the banking industry are launched by Fujitsu, a multinational information and communications tech corporation, Hokuriku Bank, Ltd., and Hokkaido Bank, Ltd., Japan is investigating the use of generative AI.

The companies will use generative AI technology in the trials, such as an AI module for conversational AI that Fujitsu provides through its “Fujitsu Kozuchi (code name) – AI Platform.” With the use of this platform, the Hokuhoku Financial Group, Inc. subsidiaries Hokuriku Bank and Hokkaido Bank will be able to reply to internal queries. Moreover, it will create tools to assist in the generation and verification of a variety of business papers.

The trial dates have been set for August 2023 to October 2023. The organizations will discover during the trials how to best use Fujitsu’s AI core engine for generative AI in Hokkaido Bank and Hokuriku Bank.

The banks will comprehend the features of generative AI better as a consequence of the testing. Additionally, it will confirm the efficacy of generative AI and pinpoint precise and practical use cases. As such, they will identify specific use cases in order to integrate generative AI technology into its real-world business processes.

AI

Investigating novel finance uses at the cutting edge of AI research

Global interest in generative AI, a technique that allows text, image, and program code to be generated automatically, is growing. As technology advances in accuracy, it presents an opportunity to boost productivity across a range of business functions and foster innovation.

The companies hope that by utilizing Fujitsu’s generative AI technology, the partners would be able to quickly and easily perform trials without having to build up a dedicated testing environment. The businesses see a variety of useful financial applications, with potential office uses including:

creation of answers for internal queries concerning corporate policies and queries concerning rules pertaining to various goods and services

Internal justification for corporate clients’ funding and assistance in the process of creating and editing approval documents

Finally development of programs and test data, identification of program defects, and recommendations for mistake correction

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