ABN AMRO has formed a strategic partnership with Mistral AI to explore and develop AI-powered solutions for the bank.
The collaboration aims to create applications that meet the bank’s requirements for security, transparency, data privacy and regulatory compliance.
The partnership marks the first collaboration between Mistral AI and a major Dutch bank.
ABN AMRO will combine its banking expertise with Mistral AI’s artificial intelligence capabilities to develop solutions aligned with European values and standards.
Through the partnership, ABN AMRO aims to access AI technology developed and governed in Europe while reducing reliance on non-European technology providers.
The bank said the collaboration supports Europe’s digital resilience, competitiveness and strategic autonomy.
Carsten Bittner, Chief Innovation and Technology Officer at ABN AMRO, said the partnership enables the bank to use advanced AI capabilities while supporting European innovation.
“In a rapidly changing world, Europe’s ability to remain digital resilient, competitive and strategically autonomous is more important than ever,”
Bittner said.
Marjorie Janiewicz, Chief Revenue Officer at Mistral AI, said:
“ABN AMRO’s commitment to building AI on their own terms, with full control, full transparency, and a clear view of the value it creates, is exactly the standard we believe every major European institution should set.
Mistral AI develops large language models and generative AI systems, providing AI capabilities to organisations across different sectors.
Featured image credit: Edited by Fintech News Switzerland, based on image by starmultikharisma via Magnific
