Accenture has made a strategic investment, through Accenture Ventures, in Snorkel AI to help enterprises build and scale AI solutions more quickly by curating high-quality datasets for training and evaluating AI models.
Read More on Fintech : Reinventing Identity Security in the Age of AI
Designed for the era of agentic AI, Snorkel’s flagship platform uses automation and repeatable workflows to transform disparate, siloed data and domain knowledge into high-quality data used for training and evaluating AI models. Its data-centric approach allows for faster, safer deployment of AI systems, especially in complex and regulated environments. Accenture and Snorkel AI will also collaborate to build tailored, industry-specific solutions that enable enterprises to use best-in-class training data to build AI solutions at scale, with an initial focus on the financial services industry.
“Our clients are looking to harness AI in ways that are fast, secure, and aligned to real business outcomes,” said Tom Lounibos, global lead for Accenture Ventures. “Snorkel’s unique approach solves one of the most persistent pain points in AI development—high-quality datasets for training and evaluation of AI models. This investment can help our clients move from experimentation to impact more quickly.”
Jared Rorrer, Accenture’s Americas Banking & Capital Markets industry lead, said: “As banks accelerate their adoption of AI, the ability to generate high-quality, accurate insights from disparate data sources has become a strategic imperative. Yet unlocking business value remains challenging, as financial institutions often struggle with correctly interpreting and labeling their data. Snorkel addresses this gap by enabling organizations to embed expert knowledge directly into the AI development process, with its advanced data preparation platform streamlining the curation and delivery of AI-ready data, allowing banks to build more accurate, scalable, and secure AI solutions.”
“This partnership marks a major milestone in our mission to make data-centric AI the foundation of enterprise innovation,” said Alex Ratner, Co-founder and CEO of Snorkel AI. “As momentum builds around agentic AI, most enterprises still lack the domain-specific data and expertise needed to move from prototype to production. By combining Snorkel’s unified AI data development stack with Accenture’s enterprise reach and AI strategy, we’re enabling organizations—starting with financial services—to build and deploy specialized AI systems with confidence and speed.”
Snorkel AI will also join Accenture Ventures’ Project Spotlight, a vertical accelerator for data and AI companies. Project Spotlight offers extensive access to Accenture’s domain expertise and its enterprise clients, helping startups harness creativity and deliver on the promise of their technology.
Catch more Fintech Insights : The Future of Banking Starts with Customers
[To share your insights with us, please write to psen@itechseries.com ]
