Meritz Securities said on the 5th that it has partnered with Amazon Web Services (AWS) to strengthen its digital competitiveness and provide customer-centric innovative services.
Meritz Securities signed an agreement with AWS the day before to introduce generative artificial intelligence (AI) and transition its existing IT systems to the cloud. This is a follow-up to the partnership established with AWS in June for the development of a next-generation AI financial platform.
Meritz Securities plans to gradually introduce next-generation financial services such as stock selection and conversational chatbots in collaboration with the AWS Gen AI Innovation Center, which is an AI-specialized organization established with a total investment of $200 million from AWS.
Meritz Securities will also conduct a thorough diagnosis to transfer its existing information technology (IT) systems to AWS's cloud and establish a transition roadmap optimized for the financial sector's regulations and environment. The goal is to provide stable financial services while also pursuing advancements through step-by-step transitioning.
Jang Won-jae, representative of Meritz Securities, noted, "By introducing the latest AI technology and transitioning to the cloud, we will ensure both stability and innovation, while providing enhanced financial services to our customers." He added, "We will realize the value for both shareholders and customers as a leading global digital securities firm in the future."