Sumitomo Mitsui Financial Group (SMFG) has announced the launch of a new agentic artificial intelligence (AI) venture in Singapore, a strategic move reinforcing its commitment to digital transformation.
This new AI solutions company will focus on developing and implementing enterprise agentic AI solutions for corporate clients, initially catering to its banking unit, SMBC Group, before expanding its services to the wider market.
In a key appointment for this initiative, Ahmed Jamil Mazhari has been named Executive Advisor for AI Transformation. Mazhari will be instrumental in leading SMFG’s AI transformation efforts across critical hubs, including Tokyo and Singapore. His responsibilities encompass building a robust AI talent force, fostering internal AI proficiency, and modernizing SMBC’s digital infrastructure. Mazhari brings a wealth of experience, with 20 years of global leadership at prominent organizations such as GE Capital, Genpact, and Microsoft.
SMBC’s overarching ambition is to become an “AI-leading financial institution” by deeply integrating generative AI into its core business processes and operational frameworks. This SMFG’s significant digital push is supported by an initial IT investment of 800 billion Japanese yen, with 50 billion yen specifically earmarked for generative AI initiatives.
Also read:Â Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
