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March 9, 1988


By CBR Staff Writer

Fujitsu FIP Inc, one of Fujitsu Ltd’s larger software houses, expects to increase the number of financial institutions using its financial value-added network to around 600 companies within a year, reports the Nikkei Sangyoo newspaper: this will make its network the second largest in Japan behind the agricultural co operatives network, and give it coverage of over half the financial institutions in Japan; current user base is about 100, but regional banks, mutual saving banks, and credit unions are expected to bring the number to around 620; the network enables members to swap financial data such as deposits and withdrawal and account transfers.

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