RBL Bank selects AWS as preferred cloud provider

RBL Bank has chosen Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider. AWS helps RBL bank to strengthen its AI-powered banking solutions and drive digital transformation at the Bank, adding significant value to the Bank’s innovative offerings, saving costs, and tightening risk controls.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About this facility:

• The Bank is building on its analytics practice and investing in AI capabilities to implement various use cases across multiple segments, including Risk, Customer Service, Human Resources, and Operations.
• The Banks AI Center of Excellence worked with AWS to create a templatized framework to roll out use cases using Amazon SageMaker to quickly and easily build, train, and deploy machine learning (ML) models as part of the Banks larger AI roadmap.
• RBL Bank will leverage Amazon Textract, a machine learning service that automatically extracts text, handwriting, and data from scanned documents, across the Banks Risk and Operations divisions to analyze documents such as financial statements, stock statements, and stock audit reports to predict default risk.

Important takeaways for all competitive exams: