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U.S. Bank to Migrate Banking Applications to Amazon Web Services

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-- U.S. Bancorp's (USB) U.S. Bank unit will migrate hundreds of banking applications to Amazon.com's (AMZN) Amazon Web Services under an expanded collaboration, the companies said Thursday.

The multiyear initiative aims to modernize U.S. Bank's payment processing systems, wealth management platforms and commercial banking applications, as well as provide generative AI capabilities powered by Amazon Bedrock and Amazon Nova Sonic to customers, according to a statement.

Financial details were not provided.

Price: $273.63, Change: $-1.33, Percent Change: -0.48%

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