has chosen Amazon Web Services (AWS)
, a subsidiary of Amazon.com, as its preferred cloud provider.
AWS assists RBL Bank
in strengthening its AI-powered banking products and driving digital transformation
, adding considerable value to the Bank's
creative services, reducing expenses, and tightening risk controls.
is expanding its analytics capabilities and investing in artificial intelligence (AI)
to execute diverse use cases across multiple divisions, including
Risk, Customer Service, Human Resources, and Operations.
As part of Banks' bigger AI roadmap, the
Banks AI Center of Excellence
collaborated with AWS to design a templatized framework for rolling out use cases using
Amazon Sage Maker
to rapidly and efficiently build, train, and deploy machine learning (ML) models.
RBL Bank's Risk and Operations departments
will use Amazon Textract,
a machine learning tool that extracts text, handwriting, and data from scanned documents, to evaluate documents such as financial accounts, stock statements, and stock audit reports to identify default risk.
analysts can extract data and automate the handling of 2,500 papers per quarter using machine
. Other use cases being evaluated in the Operations
division include using services like
and Amazon Textract
to automatically extract and match customer signatures, as well as employing fuzzy match algorithms to replace manual name matching in various processes.