The partnership will focus on financial AI solutions for Australians and deliver opportunities for UNSW students and researchers.
UNSW Sydney and Australian financial services company AMP have announced a strategic partnership to advance the real-world application of artificial intelligence (AI) in financial management. The alliance aims to deliver practical and responsible solutions to help Australians retire with greater financial confidence.
The partnership combines AMP's experience in superannuation, banking and financial advice with UNSW's globally recognised expertise in AI research, engineering and ethics.
UNSW Vice-Chancellor and President Professor Attila Brungs said the partnership showcased how universities can translate cutting-edge research into real-world solutions.
"By combining UNSW's strengths in artificial intelligence, data science, business, law and technology with AMP's reach and expertise in financial services, we're helping to shape AI solutions that are practical, scalable and beneficial to society," Prof. Brungs said.
"Together, we're also creating valuable opportunities for students and researchers to gain hands-on experience and contribute to technologies that will define the future of work, finance and daily life in Australia."
Global leader in AI expertise
The partnership will draw expertise from UNSW's faculties of Engineering , Business and Law & Justice , and will be coordinated through the UNSW AI Institute . As Australia's largest AI research body, the institute brings together hundreds of specialists in machine learning, data science and related fields. It also plays a national leadership role in advancing the responsible use of AI and accelerating the commercialisation of AI research.
Director of the UNSW AI Institute Dr Sue Keay said the partnership reflected the University's commitment to advancing applied AI research.
"Through this agreement with AMP, we're giving our students, researchers and academics the opportunity to work on real-world challenges, while also creating a pipeline of skilled talent for the financial services sector," she said.
"As a national leader in responsible AI, UNSW is proud to guide the development of technologies that are transparent, fair and aligned with societal values. This leadership will help ensure the partnership delivers both innovation and lasting positive impact."
Transforming financial services
The UNSW-AMP partnership's activities will focus on four strategic priorities:
- Advancing AI capabilities: co-developing innovative AI solutions.
- Championing responsible AI: promoting ethical, accountable AI practices.
- Cultivating future AI talent: providing students with industry-led experience to build a skilled and diverse AI workforce.
- Empower people: equipping AMP employees with AI tools and training.
The collaboration will facilitate joint research, student placements, shared learning sessions and competitive grant applications. UNSW will also enable broader engagement through the Australian Graduate School of Management (AGSM), the Australian Graduate School of Engineering (AGSE) and the School of Computer Science .
The agreement also uses AMP's AI Centre of Excellence, which has embedded generative AI throughout the organisation and delivered AI-driven innovations across customer service, employee efficiency and advice processes.
AMP CEO Alexis George said AI offered significant opportunities to change the financial industry.
"I have absolute conviction that AI will transform not only how we as financial services operate but, more importantly, how we help more Australians build financial confidence," she said.
"This includes using agentic and generative AI in responsible ways to help solve some of the fundamental challenges our society faces, including financial illiteracy and ensuring our growing retiree population can live with dignity.
"This means recognising the timeless value of human connection and being open to exploring the significant possibilities that AI offers. Critically, as we explore these possibilities, we need to do so from a foundation which ensures we act ethically and responsibly to protect our customers and the broader community. It's another reason why we're partnering with UNSW, home of one of Australia's most advanced AI research and development ecosystems with responsible AI at its core."
