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:
The East Zone bagged the Duleep Trophy trophy 2026-27 following the draw between South Zone…
Since the time of the first summit held in 2009, there has been much change…
The group of BRICS countries has grown considerably, with 11 leading emerging economies belonging to…
As India is organizing the 18th BRICS Summit in New Delhi from September 12 to…
The Reserve Bank of India (RBI) has come up with an innovative digital payment features…
India’s New Delhi is all set to host the BRICS Summit 2026 on September 12…