IBM Stock News: Crédit Mutuel Alliance Fédérale speeds up deployment of generative AI with IBM’s collaboration

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Crédit Mutuel Alliance Fédérale, known for its early adoption of Artificial Intelligence (AI), continues to invest in cutting-edge technologies to enhance customer service. With AI freeing up almost 1 million hours of administrative work in 2023 for its 25,000 advisors, the focus is on advancing generative AI through collaboration with IBM’s Watsonx platform. By deploying 35 AI use cases across Crédit Mutuel and CIC networks, the goal is to offer personalized services to customers, with the first set expected to launch this summer.

The collaboration between Crédit Mutuel Alliance Fédérale and IBM aims to bring cutting-edge generative AI capabilities to improve customer experiences. By leveraging internal developments and Watsonx, the mutual group plans to deploy several AI solutions for customer experience enhancements, risk management, account manager support, and more. Ethical and trustworthy AI are at the core of their strategy, with a focus on AI governance to ensure responsible use of technology. The partnership with IBM underscores a commitment to technological innovation, transformation acceleration, and talent development.

The value chain management approach adopted by Crédit Mutuel Alliance Fédérale aims to build AI solutions that prioritize the needs of customers and members while upholding strict data privacy standards. This ensures transparency in AI usage and promotes sustainable technological solutions. By operating as a sovereign industrial bank, the group controls almost all computing processes within its own data centers, maintaining full control over software and data management.

Crédit Mutuel Alliance Fédérale’s collaboration with IBM and Euro-Information underscores a commitment to leveraging AI for customer-centric services and ethical practices. By implementing generative AI solutions and adhering to a charter for trustworthy AI, the mutual group aims to enhance customer relationships through personalized offerings. With a focus on technological innovation and ethical governance, Crédit Mutuel Alliance Fédérale is setting a standard for responsible AI adoption in the financial sector.

For more information on Crédit Mutuel Alliance Fédérale, visit their website at http://www.creditmutuelalliancefederale.fr/es/

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