S&P Global and Accenture Partner to Advance Generative AI in Financial Services

S&P Global and Accenture Partner to Advance Generative AI in Financial Services

(IN BRIEF) S&P Global and Accenture have partnered to advance generative AI in the financial services industry. This includes launching a comprehensive AI learning program for S&P Global’s workforce and enhancing AI development and benchmarking solutions. The collaboration aims to prepare and empower both employees and customers to lead in the era of generative AI.

(PRESS RELEASE) DUBLIN, 7-Aug-2024— /EuropaWire/ — S&P Global (NYSE: SPGI) and Accenture (NYSE: ACN) have announced a strategic partnership to drive generative AI (gen AI) innovation within the financial services industry. This collaboration aims to empower both customers and S&P Global’s workforce to harness the full potential of gen AI on a large scale.

A key initiative in this partnership is the launch of a comprehensive gen AI learning program for S&P Global’s 35,000 employees, set to begin in August. This program will utilize Accenture’s LearnVantage services, providing curated and customized content to enhance AI fluency among the workforce. This will equip S&P Global’s employees with the skills needed to meet the industry’s evolving talent demands and effectively leverage gen AI.

In addition to the learning program, the collaboration will focus on enhancing AI development and benchmarking across the financial services sector. Accenture’s Foundation Model Services, which help companies manage and scale large language models (LLMs), will be integrated with S&P AI Benchmarks by Kensho, a solution that evaluates LLMs’ performance for financial and quantitative applications. Customers will benefit from Accenture’s proprietary gen AI “switchboard” for selecting and customizing models based on specific business contexts or use cases, as well as its managed services for finetuning and prompt engineering. Furthermore, S&P AI Benchmarks will provide standardized and transparent third-party verification of AI model performance, enabling banks, insurers, and capital markets firms to optimize their solutions while ensuring responsible AI use.

Bhavesh Dayalji, S&P Global’s Chief AI Officer, stated, “AI is for everyone, and at S&P Global, we want to empower our people and our customers to adopt, build, and innovate with gen AI. Gen AI will continue to transform the financial services industry, enhancing our day-to-day work and customer interactions. We are partnering with Accenture to ensure that our people and our customers are not only prepared for the gen AI transformation but are ready to lead it.”

Lan Guan, Chief AI Officer at Accenture, added, “We are excited to work alongside S&P Global to deliver innovative solutions that will drive the future of gen AI learning and benchmarking. An AI-ready workforce that can effectively deploy and scale the technology simply does not exist today — it must be created. Leaders like S&P Global are taking the right steps to train and upskill their people and reinvent themselves for the era of gen AI.”

Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, that the collaboration might not achieve the anticipated benefits for Accenture, as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. S&P Global has been at the forefront of AI for the financial services industry since acquiring Kensho in 2018. Since then, the teams have worked closely together to deliver solutions for customers using Kensho’s core capabilities of machine learning, natural language processing, and data discovery. S&P Global aims to redefine the intelligence that powers global markets with AI, embracing the transformative potential of GenAI across the enterprise to drive innovation, speed up time to market, and build sophisticated, intuitive experiences for customers.

We are widely sought after by many of the world’s leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world’s leading organizations plan for tomorrow, today.

Media Contacts:

Eric Becker
Accenture
+1 720 359 5434
eric.becker@accenture.com

Roger Cabrera
S&P Global
roger.cabrera@spglobal.com

SOURCE: Accenture