Prologic Corp., a leading provider of client/server banking systems and close ally of Microsoft Corp., said its mutual fund technology has been installed by more than 100 Japanese financial institutions through an arrangement with Nomura Research Institute Ltd.

Among the users of the system, Bestway AM, are leading commercial banks Dai-Ichi Kangyo Bank, Fuji Bank, Sakura Bank, and Sumitomo Bank. Eighty institutions went live Dec. 1, and the rest have been added in recent weeks. The services are available through more than 1,000 branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.