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March 9, 1988

FUJITSU FIP TO INCREASE NUMBER OF CUSTOMERS FOR ITS NETWORK

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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