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National Australia Bank is rolling out generative AI in these three areas

Australian Financial Review

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Date Published
27 May 2024
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Australian
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Created
8 Mar 2025, 02:41 pm

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National Australia Bank said generative AI is identifying systemic risks from customer complaints and helping bankers assess documents used to support lending

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CompaniesFinancial ServicesAI SummitPrint articleJames EyersSenior ReporterMay 27, 2024 – 5.00amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginNational Australia Bank has identified 20 use cases for generative artificial intelligence across the lender, including identifying the seriousness of customer complaints, assessing trust deeds used to back loans and tailoring messages sent to customers.Days after the prudential regulator gave the green light for banks to deploy generative AIwith proper oversight, NAB said it was piloting many deployments, including using large language models developed by OpenAI. This comes after leaders of various business units costed applications and shifted investment spending from other areas.Loading...James Eyerswrites on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of AfterpayConnect withJamesonTwitter.EmailJamesatjeyers@afr.com.auSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAI SummitNational Australia BankAIBig fourData analysisFintechGovernanceRegulationCommonwealth BankAPRAAFR LiveFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy end‘We’ll fight’: Alex Waislitz on family battles and bad betsPatrick DurkinJob appointments have never been purely merit-based: CEW chiefWhy this CEO saves creative work for after her periodNew Zealand pops its cork for one of the world’s great wine festivalsMax AllenWhy Hawaii’s data-driven wellness retreat is a haven for high-flyersA last-chance tote bag and a groovy case for trumpetersVictor Smorgon’s star fundie eyes 50pc returns for new fundAlex GluyasForrest family powerbroker had alleged role in big Fortescue decisionsEllison-run garnet mine faces punishment over unsanctioned development