Source: Accenture Newsroom
Accenture has announced a strategic partnership with Snorkel AI aimed at accelerating the development of AI-driven solutions for the financial services industry. The collaboration, initiated through Accenture Ventures, centers on building advanced tools to generate high-quality training data, a critical component in developing accurate and scalable AI models.
Snorkel AI’s data-centric platform allows enterprises to transform scattered, unstructured data into well-labeled datasets, enabling faster and more reliable AI deployment. This is particularly valuable in industries like banking and finance, where regulatory complexities demand precision and control.
“Snorkel’s approach addresses one of the biggest barriers to AI deployment—training data quality,” said Tom Lounibos, Global Lead at Accenture Ventures.
“With this partnership, we aim to move AI from pilots to production—faster, safer, and at scale.”
Key Benefits of the Collaboration:
- Domain-Specific Data Curation: Snorkel’s platform helps financial institutions structure and label data efficiently using expert knowledge.
- Scalable AI Development: Combines Snorkel’s data stack with Accenture’s consulting power to deliver production-ready AI solutions.
- Agentic AI Enablement: Supports organizations in adopting more autonomous, intelligent AI systems.
- Accelerated Innovation: Streamlines AI lifecycle from development to deployment.
This initiative will initially focus on banking and capital markets, helping firms unlock deeper insights from their data while ensuring compliance and risk mitigation.
“Our collaboration will help banks develop smarter, more secure AI systems that generate real business value,” said Jared Rorrer, Accenture’s Banking Lead for the Americas.
The investment also brings Snorkel AI into Accenture’s Project Spotlight, a startup accelerator for high-impact AI and data companies.
About Accenture
Accenture is a global professional services company, specializing in digital transformation, AI, cloud, and consulting solutions. With a workforce of nearly 800,000, Accenture operates in over 120 countries, serving businesses, governments, and organizations worldwide.
About Snorkel AI
Founded out of the Stanford AI Lab, Snorkel AI provides enterprise tools for programmatic data labeling and development. Their platform is used by global institutions to deploy domain-specific AI solutions at scale.
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