S&P Global and Accenture have announced a strategic partnership aimed at accelerating generative AI (gen AI) innovation within the financial services sector.
As part of this initiative, S&P Global will launch a comprehensive gen AI learning program in August to equip its workforce with the necessary skills to harness this transformative technology. The partnership also includes efforts to enhance AI development and benchmarking solutions across the financial services industry.
“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 our 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,” said Bhavesh Dayalji, Chief AI Officer, S&P Global.
The learning program will leverage Accenture LearnVantage services, featuring curated and customized content to promote AI fluency among S&P Global’s employees. This initiative aims to meet the evolving talent demands of the industry and help employees at all levels capitalize on gen AI’s benefits.
Advancing AI development and benchmarking
In addition to the AI learning initiative, S&P Global and Accenture are to advance AI development and benchmarking in the financial services sector. They will integrate Accenture's Foundation Model Services, which help organizations manage and scale large language models (LLMs), with S&P AI Benchmarks by Kensho, a solution that assesses LLMs’ performance for financial and quantitative applications.
Customers will be able to use Accenture’s proprietary gen AI “switchboard” to select and tailor models based on specific business contexts or use cases, along with its managed services for fine-tuning and prompt engineering.
Moreover, they will have access to S&P AI Benchmarks for evaluating AI models' performance in solving complex financial queries through S&P Global’s standardized third-party verification process. This collaboration aims to enable banks, insurers, and capital markets firms to enhance the performance and effectiveness of their AI solutions while ensuring responsible AI practices.
"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,” said Lan Guan, Chief AI Officer, Accenture.
