Deutsche Bank has signed a multi-year agreement with NVIDIA to speed up the use of AI and ML in financial services.
According to Deutsche, combining its financial industry expertise with NVIDIA’s leadership in AI and computing will speed up the development of a broad range of regulatory compliant AI-powered services.
Furthermore, the partnership will support Deutsche Bank’s cloud transformation journey, by using AI and ML to simplify and accelerate cloud migration decisions.
Deutsche Bank CEO Christian Sewing said, “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.”
The collaboration follows months of exploratory work in which the companies tested a number of potential use cases, with a focus on three in particular: risk model development, high-performance computing, and the creation of a branded virtual avatar.
Supported by NVIDIA’s AI, ML and accelerated compute knowledge, the partnership will enrich Deutsche Bank’s leadership in risk management, improve efficiency and enhance customer service.
Deutsche said that to enable this work, it plans to leverage NVIDIA AI Enterprise, an end-to-end software suite for streamlining AI development and deployment that can run in the cloud or in the data center. With this flexibility, Deutsche Bank’s AI developers, data scientists and IT professionals will be able to run NVIDIA AI workflows on-premises as well as on Google Cloud, Deutsche Bank’s public cloud provider.
Deutsche Bank is working to develop next-generation user experiences with NVIDIA Omniverse Enterprise, an open computing platform for building and operating metaverse applications, and AI models and services that make it easier to build and customize lifelike virtual assistants and digital humans.
With NVIDIA Omniverse, the bank’s teams have 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.
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