Artificial intelligence leader Dataiku has signed a partnership with NatWest Markets, which offers risk management, trading solutions and debt financing to customers of NatWest Group.
The partnership will see Dataiku provide NatWest Markets with self-service analytics and automated machine learning tools to join up its technical and front office users. The aim of the deal is to improve customer experiences, introduce new efficiencies across trade execution and to fuel data-driven business solutions for analysts working across several departments.
The deals comes on the back of NatWest Markets developing digital self-service applications covering FX, rates, risk management and international payments for itself.
What Dataiku’s technological contribution is supposed to do is to enable the bank to use its centralised data platform to drive collaboration between its technical and front office users.
This will in turn power self-service analytics and is supposed to ensure that machine learning models are put into production as efficiently as possible in order to demonstrate business value. Strategic roles across the bank, including users in Client Analytics, FI Algorithmic Trading, FX Trading, as well as analysts, subject matter experts, quants and data scientists will use the platform.
“We made a decision to accelerate our AI journey by democratising machine learning and data science across our investment banking division,” said Oliver Cooke, chief digital officer at NatWest Markets. “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.”
Florian Douetteau, CEO at Dataiku, added, “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.”
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