Deutsche Bank announces a multi-year, innovative partnership with NVIDIA to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services industry. Combining Deutsche Bank’s expertise in the financial sector with NVIDIA’s leadership in AI and supercomputing will accelerate the development of a wide range of AI-powered services in compliance with the law. The partnership will support Deutsche Bank’s cloud transformation journey, such as using AI and machine learning to simplify and accelerate cloud migration decisions.
You may also like:
Minecraft: all about one of the most famous games in the world
ALL commands for Minecraft and how to run them
Learn how to download and install Minecraft on your PC, MAC and mobile.
REQUIRED mods for all Minecraft players
The best and rarest Minecraft skins (create you too)
The best textures for your Minecraft
Minecraft in the Books: Stories from Beyond Games
Minecraft PE: All About Minecraft Pocket Edition
The best shaders for your Minecraft
Do you want to play Minecraft with your friends? Find out how here!
“Artificial intelligence, machine learning and data will be a game changer in banking, and our partnership with NVIDIA is further evidence that we are committed to empowering our customers,” said Christian Scheuing, CEO of Deutsche Bank.
“This partnership is a significant step forward in our AI and machine learning ambitions. This will help us become a leader in the use of these technologies in the financial services industry,” adds Bernd Leukert, Member of the Board of Directors of Deutsche Bank, responsible for technology, data and innovation.
“Accelerated computing and artificial intelligence are at a tipping point, and we are bringing them to enterprises around the world via the cloud,” said Jensen Huang, founder and CEO of NVIDIA. “All aspects of the future of business will be enhanced by ideas and intelligence working at lightning speed. Together with Deutsche Bank, we are modernizing and reimagining the way we work and deliver financial services.”
The collaboration followed months of research work in which the companies tested a number of potential use cases, focusing on three: developing risk models, high performance computing, and creating a virtual brand avatar.
“NVIDIA solutions and applications have tremendous potential to accelerate and improve financial services, providing greater flexibility and resources that directly impact consumer experience and security,” said Marcio Aguiar, Director of NVIDIA Corporate Latin America.
Modern Risk Management with Accelerated Computing
Accelerated computing allows traders to manage risk and run more scenarios quickly and at scale, as well as improve energy efficiency. Building on NVIDIA’s expertise in accelerated AI, machine learning and accelerated computing, the partnership will strengthen Deutsche Bank’s leadership in risk management, improve efficiencies and improve customer service.
To enable this work, Deutsche Bank plans to use NVIDIA AI Enterprise, a comprehensive software suite to simplify the development and deployment of AI that can run in the cloud or in a data center. With this flexibility, AI developers, data scientists and IT professionals at Deutsche Bank will be able to run NVIDIA AI workflows locally as well as on Google Cloud, Deutsche Bank’s public cloud provider.
Reimagining customer service with interactive avatars
Deutsche Bank is working to build a next-generation user interface with NVIDIA Omniverse Enterprise, an open computing platform for building and running metaverse applications, as well as AI models and services that make it easy to build and customize realistic, human-like virtual assistants. fingerprints.
Using NVIDIA Omniverse, the bank’s teams developed an initial concept for a 3D virtual avatar to help employees navigate internal systems and answer staff-related questions. Future use cases will focus on immersive banking customer experience.
Getting information from unstructured data
Extracting important insights from unstructured data has been a challenge for organizations, especially in the financial services industry. Existing large language models do not work well in financial texts. Deutsche Bank and NVIDIA are testing a suite of large language models called Financial Transformers. They will run AI and ML models and achieve results such as early warning signals about the counterparty of a financial transaction, faster data retrieval, and identification of data quality issues.
The innovation partnership is an integral part of Deutsche Bank’s ongoing technological transformation. Deutsche Bank will expand its internal AI center of excellence, accelerated by the partnership, to support experimentation and development of AI and machine learning services and professional skills development. The center will also develop and promote explainable and accountable AI to expand understanding of model predictions in financial services applications and research into AI and accelerated computing.
About Deutsche Bank
Deutsche Bank offers retail and private banking, corporate and transaction banking, lending, wealth and asset management products and services, and specialized investment banking for individuals, SMEs, corporations, governments and institutional investors. Deutsche Bank is Germany’s leading bank with strong European roots and a global network.
About NVIDIA
Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 spurred the growth of the PC game market, redefined computer graphics, ushered in the era of modern AI, and helped create the Metaverse. NVIDIA is now a company that delivers end-to-end computing with data center solutions that are revolutionizing the industry. More information at: https://blog.nvidia.com.br/.
Talk to us in the comments and tell us if you liked this news and take the opportunity to read more news about the Lenovo Aurora Collection product line on our website.
Source : Married Games
