--- title: "Which organization has RBL bank partnered with to strengthen its AI-powered banking solutions?" description: "Which organization has RBL bank partnered with to strengthen its AI-powered banking solutions?" author: "Lily Chitlangiya" published: 2022-02-22 canonical: https://answers.mindstick.com/qa/96053/which-organization-has-rbl-bank-partnered-with-to-strengthen-its-ai-powered-banking-solutions category: "current affair" tags: ["current affair", "organizations", "rbl bank"] reading_time: 2 minutes --- # Which organization has RBL bank partnered with to strengthen its AI-powered banking solutions? Which [organization](https://www.mindstick.com/articles/44068/four-rooms-to-declutter-with-digitization) has RBL bank partnered with to strengthen its AI-powered [banking](https://www.mindstick.com/articles/44009/blockchain-revolution-in-banking) [solutions](https://www.mindstick.com/blog/299486/how-to-write-for-your-audience)? \ ## Answers ### Answer by Stuti Gupta **RBL Bank** 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.** \ **Also Read: [Which date in August is celebrated as World Biofuel Day?](https://answers.mindstick.com/qa/96052/which-date-in-august-is-celebrated-as-world-biofuel-day)** **\** The **[Bank](https://answers.mindstick.com/qa/96046/which-bank-has-partnered-with-dhanvarsha-finvest-ltd-dfl-to-offer-loans-against-gold-ornaments-under-priority-sector-to-msme-borrowers)** 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. \ ![Which organization has RBL bank partnered with to strengthen its AI-powered banking solutions?](https://answers.mindstick.com/questionanswer/2994e0d1-6b8b-4301-a69a-27bb53364a56/images/ad901c4c-ced3-49c7-98d1-414ed81a1c15.png)\ \ **RBL [Bank's](https://answers.mindstick.com/qa/95890/which-country-hosted-the-one-ocean-summit-organized-in-february-2022-in-collaboration-with-world-bank-and-un) 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. \ **Also Read: [In which city, Indian Institute of Heritage will be set up by the government?](https://answers.mindstick.com/qa/96043/in-which-city-indian-institute-of-heritage-will-be-set-up-by-the-government)** **\** **RBL Bank** analysts can extract data and automate the handling of 2,500 papers per quarter using machine [**learning**](https://answers.mindstick.com/qa/93570/is-there-any-map-learning-options-available-at-kidszone). Other use cases being evaluated in the **Operations** division include using services like **Amazon Rekognition** 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. --- Original Source: https://answers.mindstick.com/qa/96053/which-organization-has-rbl-bank-partnered-with-to-strengthen-its-ai-powered-banking-solutions Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.