The UK bank will use AI to automate document processing and enhance compliance checks for 20 million customers.
NatWest Group (NWG) announced a strategic partnership with Cleareye.ai to modernize its trade operations using artificial intelligence. The bank will implement ClearTrade, an AI-powered platform, to automate data extraction from complex trade documents and streamline workflows.
The move aligns with NatWest’s broader transformation strategy, aiming to improve customer service and financial crisis management. The bank currently serves over 20 million customers and offers a quarterly dividend of $0.22 per share, yielding 5.22%.
Michael Gilham, NatWest’s Trade Product Lead, said the partnership will enable faster and more reliable foreign market trading while delivering personalized services.