back Back

Deutsche Bank partners with NVIDIA to embed AI Enterprise

By Gloria Methri

December 09, 2022

  • Deutsche Bank
  • Digital Transformation
  • Germany
Share

Deutsche Bank, NVIDIA, artificial intelligence (AI), machine learning (ML) Deutsche Bank has inked a multi-year innovation partnership with NVIDIA to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector.

Under the deal, Deutsche Bank will leverage NVIDIA AI Enterprise, an end-to-end software suite that can run in the cloud or in the data centre, to hasten the development of regulatory-compliant services. The partnership will support Deutsche Bank’s cloud transformation journey to simplify and accelerate cloud migration decisions.

“AI, ML, and data will be a game changer in banking, and our partnership with NVIDIA is further evidence that we are committed to redefining what is possible for our clients,” said Christian Sewing, CEO, Deutsche Bank.

“This partnership is a significant step forward in our AI and ML ambitions. It will help us take a leading position in the usage of these technologies in financial services,” added Bernd Leukert, Deutsche Bank’s Management Board Member responsible for Technology, Data and Innovation.

The companies plan to develop applications across the bank’s business, with an initial focus on three use cases: risk model development, high-performance computing, and the creation of a branded virtual avatar.

The bank’s teams have already developed an early concept of a 3D virtual avatar aimed at helping employees navigate internal systems and respond to HR-related questions. Future use cases will explore immersive experiences with banking clients.

Meanwhile, the companies are also testing a collection of large language models called Financial Transformers. These will run AI and ML models to help in areas such as early warning signs on the counterparty of a financial transaction, faster data retrieval, and identifying data-quality issues.

“Accelerated computing and AI are at a tipping point, and we are bringing them to the world’s enterprises through the cloud,” said Jensen Huang, founder, and CEO, NVIDIA. “Every aspect of future business will be supercharged with insight and intelligence running at the speed of light. Together with Deutsche Bank, we are modernizing and reimagining the way financial services are operated and delivered.”

Previous Article

December 09, 2022

Sila and Accubits Technologies partner to avail each other’s services

Read More
Next Article

December 09, 2022

TreviPay acquires Apruve, expanding on TreviPay’s order-to-cash technology offerings

Read More










IBSi Daily News Analysis

Wealth management, HNIs, HNWIs

June 02, 2023

Deutsche Bank

How wealth management firms can grow revenues in a declining market

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Fawry teams up with Infobip to boost electronic payment services

Read More

Today

7 FinTech tweets you should see!

Read More

Today

Akoya & Axway partner to help financial institutions leverage Open APIs

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q1 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2023

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2023

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q1 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022