Mitsubishi UFJ Trust and Banking
Generative AI answers to internal questions on financial market transactions
Mitsubishi UFJ Trust and Banking cut specialist response time by 50% with a generative AI that answers internal market-operations questions
Problem
Staff across the bank sent questions about financial market transaction operations to specialist departments. Answering them took expert knowledge and department time.
Approach
The bank ran a proof of concept with the AI company Kasanare and put the system into business use in April 2024. The generative AI reads system specifications, operation manuals and FAQs, and it partly automates the answers to these internal inquiries. The bank plans to reuse the prepared data for future AI agents.
Results
Takeaway
The bank started with one narrow, knowledge-heavy inquiry flow and built the document base that later projects can reuse.
Categories
- Size
- Large enterprise
- Industry
- Finance and insurance
- Business function
- Production and qualityInternal work and knowledge management
- Innovation type
- Process innovation
- AI technology
- Generative AI
- Adoption
- Partner co-development
- Evidence
- Company's own claim
Sources
Source summaries
IT Leaders reported the bank's announcement of 2 August 2024. The system, built with Kasanare, reads specifications, manuals and FAQs to answer internal questions on market transactions and has been in operation since April 2024. The article gives over 90% accuracy in the proof of concept, a 50% cut in response time and an estimate of several hundred thousand hours saved per year if extended.
Full details are in the original sources.