Japan’s MUFG pens multi-year partnership with AWS for digital transformation
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial services firm, has tapped Amazon Web Services (AWS) to accelerate its digital transformation.
MUFG taps AWS for digital transformation
As part of a multi-year agreement, MUFG will leverage AWS’ cloud technologies to adopt generative artificial intelligence (AI) and machine learning capabilities, automate processes and offer personalised financial services to meet customer needs.
By moving to the cloud, AWS claims that MUFG has been able to reduce IT operational costs by 20% and increased its speed to market, with the ability to provide customers with more secure services and accurate insights. MUFG is also leverage cloud technology to improve operational efficiencies and enhance employee engagement and performance.
“Our cloud-first approach with AWS has given us the agility to rapidly innovate on behalf of our customers, reach the business velocity that we couldn’t achieve on premises, and accelerate the way we bring secure, industry-leading solutions to market at reduced cost,” says Toshiki Ochi, managing corporate executive and group chief information officer at MUFG.
