Japanese Banks’ Digital Awakening Is On The Way

“Banks are leveraging AI and automation. The current environment forces banks to cut their costs and improve their operational efficiency. Megabanks are leveraging emerging techs to achieve this goal. Mizuho bank developed an AOR solution leveraging AI, OCR and RPA to automatically process more than 80% of checks and documents of the bank, which streamlined their back-office operations. MUFG launched an AI-powered quick home loan credit assessment service that operates 24×7, reducing half of the required paperwork and significantly accelerating the assessment from days to minutes by replacing human credit analysts with AI.”


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