CaixaBank forms GenAI task force with backing from Microsoft, Accenture and Banco BPI

  • CaixaBank forms a task force to explore generative AI (GenAI) use cases.
  • The Valencia-based bank has integrated AI into foreign trade and cognitive assistant services.
  • The task force comprises 100+ employees from CaixaBank and its subsidiary, CaixaBank Tech.
  • The goal is to discover GenAI applications for digital innovation, employee efficiency, and customer satisfaction.
  • Expects the project to streamline new software developments and enhance management information analysis.
  • The collaboration includes Banco BPI, Accenture, and Microsoft, partners in the AI innovation lab established in June 2022.
  • Microsoft’s involvement provides access to off-market generative pre-trained transformer models in a secure test environment.
  • Depending on outcomes, CaixaBank plans to deploy beneficial use cases across the group in the next year.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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