Categories: Banking

Axis Bank tie-up with AWS for powering digital banking services

Axis Bank has inked a multi-year deal with Amazon Web Services (AWS) to power the digital transformation programme of the country’s third-largest private sector bank. As part of the agreement, Axis Bank with help of AWS will build a portfolio of new digital financial services to bring advanced banking experiences to customers, including online accounts that can be opened in 6 min & instant digital payment. This will help the bank increase customer satisfaction by 35 per cent and lower costs by 24 per cent.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

To date, Axis Bank has deployed over 25 mission-critical applications on AWS, including a Buy Now Pay Later product and a new loan management system to support it, Account Aggregator, Video-Know Your Customer (V-KYC), and WhatsApp Banking.

Important takeaways for all competitive exams:

Axis Bank Headquarters: Mumbai;
Axis Bank Founded: 1993;
Axis Bank MD and CEO of Axis Bank: Amitabh Chaudhry.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.