Deutsche Bank
announced a partnership with Nvidia to accelerate the use of artificial intelligence and machine learning in financial services. It is understood that the two parties have spent several months conducting tests to explore use cases for banks in 2025 and beyond.
“Accelerated computing and AI are at a tipping point, and we’re bringing them to the world’s enterprises through the cloud,” said NVIDIA founder and CEO Jensen Huang. “Every aspect of future business will be supercharged with insight and intelligence operating at the speed of light.” Through its partnership with Deutsche Bank, Nvidia is modernizing the way financial services are operated and delivered.
According to McKinsey’s analysis, artificial intelligence technology can bring an added value of up to $1 trillion to the global banking industry every year, and has great potential. The CEO of Deutsche Bank said that artificial intelligence and machine learning will change the rules of the game in the banking industry, and the choice of cooperation with Nvidia proves its commitment to redefining the possibility of customers.
Deutsche Bank’s AI developers, data scientists, and IT professionals will be able to build and run AI workflows anywhere with
NVIDIA AI Enterprise software, including its hosted on-premises data centers and cloud providers. Deutsche Bank’s use of new technologies can not only be used in payment, security, and dynamic pricing scenarios and build risk models but also can calculate and process risk scenarios faster, making business more efficient.
Frankfurt-based Deutsche Bank is a leading global investment bank with more than 80,000 employees in 58 countries worldwide.