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Temenos powers its on-premises generative AI with NVIDIA

By Gloria Methri

November 20, 2024

  • AML
  • Cloud Computing
  • Compliant Banking
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Temenos, Temenos generative AI, NVIDIA, wealth management, investment banking, Fintech news, Fintech MenaTemenos is bringing its high-performance, on-premises generative AI—built with the NVIDIA AI platform—to banks. This move will enable banks to transform data into real-time insights while retaining complete control over their information.

Banks can deliver more personalised, customer-centred experiences by processing unstructured data efficiently and securely on-site with Temenos’ generative AI built with the NVIDIA accelerated computing platform.

With this announcement, Temenos will deploy its own generative AI on-premises on NVIDIA’s accelerated computing platform, providing banks with exceptional speed and precision in delivering AI-driven services.

Temenos generative AI is executed using NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform. This platform provides optimised AI inference throughput and latency and facilitates deployment, scaling, monitoring and management of AI models. Hence, Temenos’ generative AI solutions on NVIDIA’s platform give banks the flexibility to scale their AI capabilities and meet customer demands quickly, supporting more effective, responsive and compliant banking.

The collaboration allows banks to harness the full power of data while ensuring privacy and control. With the high-performance NVIDIA AI platform, Temenos is helping banks future-proof their operations and elevate the customer experience.

Barb Morgan, Chief Product and Technology Officer at Temenos, said, “This collaboration exemplifies the strength of combining Temenos’ banking expertise with NVIDIA’s industry-leading AI infrastructure, giving banks powerful tools to serve customers in real-time with precision and control. At Temenos, we believe in responsible, customer-centric AI that empowers banks to innovate on their terms. With NVIDIA, we’re helping enable banks to unlock the future of financial services—where data-driven insights meet unparalleled performance and customer-centric innovation.”

Malcolm deMayo, Vice President of Global Financial Services at NVIDIA, said, “AI is reshaping financial services, letting banks reimagine customer interactions and optimise secure, scalable and efficient operations. With Temenos’s integration of NVIDIA NIM microservices, banks can access real-time insights, identify areas for improvement, and deliver more personalized and responsive customer experiences.”

Explainable AI is embedded in multiple areas within Temenos solutions, including credit scoring, anti-money laundering, payment exceptions, customer engagement and cross-selling. Generative AI solutions can give business users instant access to unique insights and reports, enabling them to transform operations, increase productivity and enhance customer experience.

Additionally, Temenos generative AI solutions will run on NVIDIA’s verified deployment architecture, enabling them to be distributed and deployed by NVIDIA’s network of partners.

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