20 September 2023
20 September 2023
NatWest and AWS team up to develop responsible AI products to support goal of helping customers enhance their financial wellbeing
Deal estimated at €30m, aims to accelerate Rauva’s unicorn ambitions and continue its drive to become a fully-fledged bank
Some loans can be confusing, carry expensive fees, and lead students further into debt
The service launches after Wio Business helped grow the company's customer base to 45,000 in its first year
Since partnering with Nova Credit, HSBC has reported a 79% y-o-y increase in credit card approval rates for newcomers to the UK with a credit history from eligible countries
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Gen AI is being experimented with by many leading incumbent banks, new entrants and technology vendors but concerns around data privacy and hallucinations drive caution. More human-like chat bots, and synthetic data for fraud and cyber resilience, are leading possible use cases. However, currently Gen AI is virtually non-existent in terms of “live” customer facing propositions.
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