NatWest taps AI to simulate future market outcomes

NatWest taps AI to simulate future market outcomes

UK bank NatWest is teaming up with Microsoft and AI specialist DreamQuark to simulate financial markets, transport networks and other environments and then use the information to spot risks and opportunities.

The Next Generation Complex Analytics platform will use a combination of simulations and machine learning across a host of use cases within NatWest's personal and commercial businesses.

For example, it will look at the impact of a number of scenarios within the Buy-to-Let mortgages market, and the effects of price elasticity within the small business loans market.

Kevin Hanley, director, innovation and solutions, NatWest, says: “By allowing us to better predict future outcomes, risks and trends, the implementation of this technology could be of significant value to our customers and shareholders over the coming years.

"For the first time we’ll be able to deliver an aggregated, forward looking view of the world around us, ultimately helping us build a stronger, safer bank."

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