Hitachi, U.S. Firm to Codevelop AI Financial Services

Economy

Tokyo, June 3 (Jiji Press)--Major Japanese electronics and machinery maker Hitachi Ltd. <6501> said Monday it and Virtusa Corp., a U.S. information technology services company, will jointly develop a new service using artificial intelligence for financial institutions.

The two companies have set up a dedicated team at a new base Hitachi established in Silicon Valley to work on the service for U.S. financial institutions.

The two companies aim to launch the new service as early as the beginning of 2020.

Virtusa constructs IT systems for financial institutions, mainly in the United States.

In 2016, Hitachi and Virtusa tied up to expand their own IT services, operated respectively by the two companies.

[Copyright The Jiji Press, Ltd.]

Jiji Press