NatWest Group to Accelerate Bank-wide Data and AI Transformation Through 5-year Collaboration with Accenture and AWS
Strategic collaboration to provide better, simpler, and more personalised experiences for customers banking with NatWest
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NatWest has today announced a new, five-year collaboration with
The collaboration will enable NatWest to provide more intuitive, engaging and personalised services to its 20 million customers—drawing on the combination of Accenture and AWS’s advancedcloud, AI, and bankingexpertise to help anticipate and respond to customer needs faster and more effectively.
In parallel, it will further enhance colleagues’ skills and foster a data-driven culture through access to new AI technologies that empower them to more swiftly and easily serve customers.
As a result, the collaboration will help NatWest deliver against each of its strategic priorities:
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Disciplined growth:
- A holistic view of each customer’s relationship with the bank—introducing state-of-the-art data capabilities for relationship managers, equipping them with advanced tools that enable access to, and analysis of, deep insights for each customer.
- Seamless engagement and real time communication for customers—integrating data and advanced analytics into every customer interaction in order to provide a personalised and proactive experience, with recommendations, products and support that meet and anticipate their needs.
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Bank-wide simplification:
- Accelerating the consolidation of various data streams into a single, bank-wide data platform, enabled by AI.
- Providing a more efficient and cohesive banking experience, including faster onboarding through digital verification and streamlined documentation processes.
- Improved operational performance and simplified operating models—greater automation of processes and controls, freeing up colleagues to spend more time with customers, whilst reducing costs.
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Active balance sheet and risk management:
- Better quality data to support robust security and protection measures—enabling more efficient complaints handling and improved fraud prevention.
- More agile capital management as well as more efficient and faster financial, risk and regulatory reporting through improved data sourcing.
Supporting video content from NatWest, Accenture and AWS can be found here.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, that the use of AI could harm our business, damage our reputation or give rise to legal or regulatory action, as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the
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NatWest Group
+44 7967 865 819
alexandra.dee@natwest.com
Accenture
+44 7952 594784
andy.rowlands@accenture.com
+1 771 233 2089
njlittle@amazon.com
Source: Accenture