Axis Bank strikes cloud computing deal with AWS for digital transformation

Amazon Web Services, (AWS), the cloud computing arm of e-commerce giant Amazon said that Axis Bank, India’s third-largest private sector bank, has selected AWS to accelerate its digital transformation program and meet the growing demand for its digital banking services.

As part of a multi-year agreement, Axis Bank will draw on the breadth and depth of AWS services. This includes containers, database, and compute, to build a portfolio of new digital financial services to bring advanced banking experiences to customers. This includes online accounts that can be opened in under six minutes and instant digital payments, helping the bank increase customer satisfaction by 35 per cent and lower costs by 24 per cent.