NatWest Profits Up by a Fifth After AI Led Tech Drive and Wealth Focus The recent profit announcements from NatWest have sparked renewed debate about the role of artificial intelligence in driving financial sector growth.
The bank's operating pre tax profits increased by 20% in the first half of the year, with £250 million in gross cost savings attributed to its aggressive adoption of AI across various business lines.
NatWest has invested heavily in technology platforms aimed at improving productivity and customer experiences. This push towards automation and digital transformation has yielded significant cost savings.