NVIDIA partners with Deutsche Bank to provide proprietary AI certification for financial services

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

NVIDIA and Deutsche Bank have announced a partnership on a slew of AI projects to deliver banking services, including avatars, broader risk management language models, and fraud detection, according to Gilles Perez, Deutsche Bank’s head of cloud network and innovation. . The partnership will explore use cases to support Deutsche Bank’s strategic ambitions to 2025 and beyond.

NVIDIA is collaborating with Deutsche Bank to enhance services in the financial sector with artificial intelligence

Deutsche Bank used artificial intelligence for payment classification, safety, and dynamic pricing, which was a more closed approach and less of a full implementation. However, risk models are controlled by the metaverse’s human resources along with graphics processing units (GPUs) and high-performance computing stacks. Deutsche Bank hopes to bring improvements to existing applications from the partnership with NVIDIA and new technological developments that only the company can provide to the financial institution.

Artificial intelligence, machine learning, and data will be game-changers in banking, and our partnership with NVIDIA is further proof that we are committed to redefining what’s possible for our customers.

Christian Swing, CEO of Deutsche Bank

“Financial converters” or “money converters” are specific language models that focus on financial scripts that will activate warnings and allow fraudulent transactions to be detected more efficiently.

Researchers at NVIDIA have already offered FinMegatron the financial adapter earlier this year, while Deutsche Bank has looked at FinBERT.

“Accelerated computing and artificial intelligence are at a turning point, and we are bringing them to global enterprises through the cloud,” said NVIDIA Founder and CEO Jensen Huang. light’s speed.

“Together with Deutsche Bank, we are modernizing and reimagining the way financial services are operated and delivered,”

– Jensen Huang, CEO, NVIDIA

NVIDIA AI Enterprise, the company’s AI software suite in its third generation, will be heavily used by Deutsche Bank. Traders can calculate and deal with risks and scenarios faster, making banking more efficient and energy conscious. In addition, the 3D avatars will assist the staff by guiding them through the internal banking systems, answering most questions that would normally be answered by another human being on the banking staff of other members and customers of the banks.

Also Read:  Khronos Group Finalizes Vulkan Video API 1.0, Intros H.264 & H.265 Decode

The partnership will prepare the Bank’s strategy to fully integrate AI into their needs by 2025 and into the future. Deutsche Bank has more than 80,000 employees in 58 countries around the world catering to investment and banking needs.

News Source: NVIDIA Blog

Share this story

Leave a Comment