National Australia Bank (NAB) has signed an agreement with artificial intelligence (AI) specialist Rich Data Corporation to use its AI prediction and decisioning capability software Delta. Under the agreement, NAB would use Delta's credit risk management capability, which links traditional and alternative data sources to provide prediction and credit decisions, for its SME customers with little or no credit history or who might fall outside traditional credit bureau criteria. The capability will also use analytics and monitoring tools to identify portfolio risks and opportunities to support businesses that experience major change from events like the coronavirus pandemic. Commenting on the partnership with Rich Data Corporation, NAB executive innovation and partnerships Howard Silby said: Their Delta platform will enable us to innovate and accelerate our lending options, leveraging alternative data and AI techniques and providing a means to assess SMEs who fall outside traditional credit models. "We remain committed to finding new ways to serve and meet the needs of our small-business customers, as we pioneered with our NAB QuickBiz offering in 2016 and several innovations since."