Banking News

NatWest Renews Data Intelligence Platform Fintech Partnership

(6 May 2020 – United Kingdom) NatWest have announced the renewal of their fintech partnership agreement with Artesian Solutions as the bank’s primary data intelligence and business customer insight platform.

This decision was finalised after a rigorous process of validating Artesian’s artificial intelligence (AI) solutions against strict criteria designed to contribute to the bank’s mid-term growth plan and key strategic initiatives. The three year agreement will allow NatWest to continue accessing the technology of Artesian’s ‘engage’ platform and provides the Bank with a new framework to evaluate the Artesian Risk and Compliance Hub (ARCH) throughout all the bank’s divisional units. ARCH will empower the bank’s relationship managers to validate clients against their risk appetite to ensure effective onboarding with less exposure.

“Banks have been faced with unprecedent threats due to the COVID-19 pandemic. Now more than ever it has been fundamental for banks to monitor their exposure to external risks. NatWest have been one of many who have decided to partner with fintechs to utilise technology as a risk deterrent tool” stated East & Partners Europe Market Analyst Pierre Sokoya.