MUFG Signs Multiyear Global Agreement With AWS To Accelerate Digital Transformation
Portfolio Pulse from Benzinga Newsdesk
Mitsubishi UFJ Financial Group (MUFG) has entered into a multiyear global agreement with Amazon Web Services (AWS) to accelerate its digital transformation. MUFG will leverage AWS's cloud technologies, including generative AI and machine learning, to improve customer service, automate processes, and develop new digital financial products. The shift to AWS has already reduced MUFG's IT operating costs by 20% and increased productivity by 30% in some areas. MUFG is also using AWS tools like Amazon SageMaker, Amazon Redshift, and Amazon QuickSight to enhance data analysis, trading, and employee engagement.

November 14, 2023 | 2:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Amazon Web Services (AWS), a subsidiary of Amazon.com, has secured a multiyear global agreement with MUFG to be its preferred cloud provider, aiding MUFG's digital transformation with cloud, AI, and ML technologies.
The partnership with MUFG highlights AWS's capabilities and growth in the financial sector, which could lead to increased confidence in Amazon's cloud services and potentially boost its stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90