Deutsche Bank partners with NVIDIA to accelerate AI benefits

The partnership will develop applications to improve risk management, boost efficiency and enhance customer service using NVIDIA AI Enterprise software

Deutsche Bank has partnered with NVIDIA to accelerate the use of AI and machine learning (ML) in financial services.  

The partnership will see the organisations develop applications to improve risk management, boost efficiency and enhance customer service using NVIDIA AI Enterprise software.  

It will also expand Deutsche Bank’s internal AI centre of excellence to develop, foster and promote explainable and responsible AI in the financial services sector. 

Deutsche Bank will also leverage the partnership to support its cloud transformation, by using AI and ML to simplify and accelerate cloud migration decisions. 

Christian Sewing, chief executive officer at Deutsche Bank, commented: “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.”  

Bernd Leukert, Deutsche Bank’s management board member responsible for technology, data and innovation, added: “This partnership is a significant step forward in our AI and ML ambitions. It will help us take a leading position in the usage of these technologies in financial services.” 

The collaboration follows research into risk model development, high-performance computing and the creation of a branded avatar. 

Accelerated computing enables traders to manage risk and run more scenarios faster and at scale while also improving efficiency.  

With NVIDIA Omniverse, the bank has developed an early concept of a 3D virtual avatar aimed at helping employees navigate internal systems and respond to HR-related questions.  

“Accelerated computing and AI are at a tipping point, and we’re bringing them to the world’s enterprises through the cloud,” said Jensen Huang, founder and chief executive officer at NVIDIA.  

“Every aspect of future business will be supercharged with insight and intelligence running at the speed of light.” 

Image: Canva

Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.