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2d ago

NatWest Forms Five-Year Alliance With AWS and Accenture to Launch AI-Driven Data Platform

NatWest has begun designing an AI-powered platform to centralize data across its businesses in a five-year tie-up with AWS plus Accenture.

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Overview

  • The partnership will consolidate multiple data sources into a unified AI-driven platform to streamline customer onboarding.
  • It aims to bolster fraud prevention and accelerate regulatory reporting through advanced analytics.
  • NatWest will leverage AWS’s cloud infrastructure and Accenture’s AI expertise to modernize its digital services.
  • Employees will receive training and new AI tools to foster a data-driven culture and simplify internal processes.
  • The five-year deal builds on collaborations with OpenAI, IBM and Snowflake as the bank faces competition from fintechs and regulatory scrutiny over cloud vendor reliance.