It’s a multi-year innovation partnership to accelerate the development of regulatory-compliant AI-powered services.

Deutsche Bank (ETR: DBK) and NVIDIA (NASDAQ: NVDA) have entered a partnership to embed AI into financial services but primarily focusing on the use cases of risk model development, high-performance computing, and the creation of a branded virtual avatar. (Deutsche Bank)

Deutsche Bank and its AI partnership with NVIDIA

Within the three areas of strategic importance mentioned above, Deutsche and NVIDIA will also use AI for:

• A range of applications, including speech AI, fraud detection, the metaverse, and AI-powered virtual assistants and digital humans
• Expand the bank’s internal AI center of excellence to develop, foster and promote Explainable and Responsible AI in the financial services industry
• Speed the development of regulatory-compliant AI-powered services
• Support the bank’s cloud transformation journey
• Extracting key information from unstructured data using large language models, such as early warning signs on the counterparty of a financial transaction, faster data retrieval and identifying data-quality issues

Deutsche will use 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, and NVIDIA Omniverse Enterprise, an open computing platform for building and operating metaverse applications.

“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 CEO, NVIDIA. “Every aspect of future business will be supercharged with insight and intelligence running at the speed of light. Together with Deutsche Bank, we are modernizing and reimagining the way financial services are operated and delivered.”

“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,” said Christian Sewing, CEO, Deutsche Bank. “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,” added Bernd Leukert, Deutsche Bank’s Management Board Member responsible for Technology, Data and Innovation.

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