NatWest Markets

NatWest Markets Partners With Dataiku to Accelerate its AI Journey

NatWest MarketsNatWest Markets - Dataiku , a leading multinational investment banking service provider revealed in its latest announcement that it has partnered with Dataiku – a leading player in enterprise grade AI and machine learning services provider. The investment bank wishes to leverage Dataiku’s self-service analytics and automated machine learning to accelerate its AI journey while driving data collaboration. Via the partnership, NatWest aims at improving its customer experiences, introduce new efficiencies across trade execution and fuel data driven business solutions for its analyst working on various projects. The investment bank already owns an in-house developed digital self-service applications which handle forex, rates, risk management and international payments.

Now this partnership it hopes to use its centralized data platform to drive collaboration between its technical and front office users thereby strengthening its self-service analytics and machine learning models in-order to gain most efficient business value. Data Preparation, Coding & AutoML will at the bank will now be very simple and easy given the collaboration between technical and front office users from across the bank. This is achieved via an end-to-end, centralized collaborative data science and analytical platform which eliminates need for separate tools above mentioned tasks. The new platform will facilitate data analysts and other domain experts to directly use raw rata to analyze, prepare and automate data while bringing about new efficiencies in the creation and everyday use of machine learning models.

Commenting on this partnership, Florian Doutteau – Chief Executive Officer of Dataiku said “This is a unique opportunity for Dataiku to become an Enterprise AI partner with strong end-to-end analytics expertise in data prep, data science and AutoML, aligned with NatWest Markets’ successful digital strategy. We’re tremendously excited to be part of this initiative, and to help the bank push more data-driven work into production across more of its business and people, driving better service for its clients and helping it to stand out from the competition”.

Speaking on same note, Oliver Cooke – Chief Digital Officer at NatWest Markets said “We made a decision to accelerate our AI journey by democratizing machine learning and data science across our investment banking division. This allows us to enable users with different skill levels to undertake machine learning and advanced analytics in a governed, automated and scalable manner. With Dataiku, we can now use data-driven insight to help our corporate and institutional customers manage their financing and risk management needs”.