back Back

SambaNova Systems announces SambaNova GPT Banking

By Edlyn Cardoza

February 24, 2022

  • Banking
  • Compliance
  • Deep Learning Applications

SambaNova Systems, Deep Learning Applications, SambaNova GPT Banking, Financial Services, Compliance, Risk Management, Banking, Digital Transformation, USASambaNova Systems, the company delivering the industry’s comprehensive software, hardware, and solutions platform to run AI and Deep Learning applications, announces SambaNova GPT Banking, a solution purpose-built for the financial services industry, enabling banks to create clear market separation in AI by jump-starting their deep learning language capabilities in weeks, not years.

“GPT Banking has the potential to transform nearly every aspect of banking, from improving operations to managing risk and compliance,” states Rodrigo Liang, CEO and co-founder of SambaNova. “Customers tell me they’re most excited about GPT Banking’s ability to truly personalize the customer experience, with richer insights that enable them to understand customers’ evolving needs.”

There is a deep learning deployment gap in banking resulting in financial services companies not being able to build and deploy AI models fast enough to meet their business needs — SambaNova GPT Banking has solved that problem: “On average, it takes banks 18 months to hire a skilled data science team, build the infrastructure, train and deploy a large language model. By the time they are ready to deploy, the institution’s model is out of date — as the base model size will have increased by 10X within the year and the compute requirements will have changed dramatically,” stated Marshall Choy, SVP of Product at SambaNova Systems. “

“We built GPT Banking to improve bank’s competitiveness and efficiency while accelerating their digital transformation,” stated Liang. “AI is the quickest and most cost-efficient tool to do that today and our service can be deployed and delivering value in weeks.”

GPT Banking is built for banks’ large language models and is offered as a subscription service to simplify deploying the most advanced language models in a fraction of the time.

Banks can leverage the technology to perform:

  • Sentiment analysis: scan social media, press and blogs to understand the market, investor, and stakeholder sentiment.
  • Entity recognition: reduce human error, classify documents, and reduce manual/repetitive work.
  • Language generation: process, transcribe and prioritize claims, extract necessary information, and create documents to improve customer satisfaction.
  • Language translation: language translation to expand customer base.

Previous Article

February 24, 2022

iCapital to develop distributed ledger-based enhancements

Read More
Next Article

February 24, 2022

Ecospend to support more than 580 government organisations

Read More

Advertise with us

IBSi Daily News Analysis

FinTech future

May 17, 2022


Keeping up with a competitive market requires FinTech collaborations

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

May 16, 2022

agora receives FCA regulatory authorisation

Read More

May 13, 2022

TIFIN closes $109m in Series D at an$842m valuation

Read More

May 12, 2022

Provenir joins Visa Ready for BNPL Program

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More