Accelerating financial services with AI.
Massive data sets. Perpetual market fluctuations. Remote workforces. Intelligent technology can address critical challenges within the modern financial services industry. With NVIDIA’s AI—including deep learning, machine learning, and natural language processing (NLP)–institutions can boost risk management, improve data-backed decisions and security, and enhance customer experiences.
Dive into the data compiled from a survey of over 500 financial services professionals from around the world. Discover the trends, challenges, and opportunities that will define the state of AI in financial services in 2022.
In this new ebook, explore how leaders in financial services, such as American Express, BNY Mellon, and PayPal are cutting costs using NLP for fraud prevention.
Join us this September for a GTC that will inspire your next big idea. This is a don't-miss opportunity to learn from experts and leaders in their fields on how AI is transforming industries and profoundly impacting the world. It all happens online September 19–22.
Learn from the financial institutions and firms using AI to optimize processes, reduce risk, and trim costs.
American Express implements a real-time fraud detection system and with NVIDIA technology the system operates within a tight two-millisecond latency requirement and delivers a 50X improvement over a CPU-based configuration. A GPU-accelerated LSTM deep neural network, combined with their long-standing gradient boosting machine (GBM) model has improved fraud detection accuracy by up to six percent in specific segments.
Talkmap is a revolutionary conversational intelligence and automation platform that automated a world-leading fintech company’s large data science team’s two-year effort, delivering: 89% F1 accuracy (versus 83%) $14 million of annual savings
Applica reduces the human effort necessary for scrutiny and comprehension of documents by up to 90 percent. Compared with manual document processes that originators have traditionally used, Applica boasts: 40% increase in document throughput 35% reduced processing time 7% increase in NPS scores 12 days faster to close loans
Voca’s AI technology increases the capacity to instantly engage with potential customers—both inbound and outbound. The AI-powered Voca Agents can easily handle peaks in call volumes without increasing costs.
Upstart’s lending platform is designed to improve access to affordable credit while reducing the risk and costs of lending for bank partners. With NVIDIA technology the Upstart model: Approves 27 percent more borrowers than a hypothetical traditional model Yields 16 percent lower average annual APRs for approved loans With GPUs training time is reduced by about 40 percent
For our production environment, speed is extremely important with decisions made in a matter of milliseconds, so the best solution to use are NVIDIA GPUs.
— Dmitriy Efimov, Vice President of Machine Learning, American Express
Using NVIDIA GPU-powered image analysis and AI, we can identify damages, automate claims handling for simple and clean cases, estimate costs and identify fraudulent claims.
— Ping An (China’s Largest P&C Insurer)
As more companies adopt conversational AI, empathy plays a larger role in the customer experience – and, ultimately, growth factors like profitability, customer retention and brand equity.
— Helen Yu, Global Influencer and Podcast Host
NVIDIA GPU-accelerated computing makes it possible to use AI processing to accelerate payments, invoicing, and trade collaboration between businesses and offer a seamless user experience that’s at the same time secure.
— Efi Pylarinou, Global Fintech Influencer
Even though the banking industry in general has been trying to get to the cloud, we see a great need in being able to do experiments on premises, and for that, we have a few DGX servers and they’ve been a great help in this journey toward a center of excellence.
— Soumitri Kolavennu, SVP and Head of AI Research, U.S. Bank
Deutsche Bank announced a multi-year innovation partnership with NVIDIA to accelerate the use of AI and machine learning in financial services.
Money 20/20 will take place October 23–26. Join us to hear from leaders in the industry and experience AI demos in the product innovation area.
Learn about the AI and HPC hardware, software, and networking solutions for financial institutions.
Leveraging NVIDIA Technology, banks are able to combat the most sophisticated types of transaction and identity fraud - improving fraud detection accuracy, reducing false positives and identifying previously unknown patterns across accounts and entities improving compliance with AML and KYC regulations. Learn how you can best protect your customers and your organization’s financial health.
Banks that leverage NVIDIA in their HPC environments are able to run more simulations that incorporate a greater variety and volume of data, yielding the insights needed to successfully manage the business’s risk profile, address regulatory and compliance requirements, and employ resources more efficiently.
The success of AI for digital-first channels is driving investment in AI applications, virtual assistants, and chatbots for call centers. NVIDIA AI solutions can help reduce post-call time by as much as 80 percent, measure sentiment and how it changes during the course of a call, recommend the next- best step to the call center agent, and more. Improve the outcome and experience for your agents and customers—while reducing costs.
Our solutions for the financial services industry go beyond products. Our partners are here to assist your organization at every level to build and execute transformative AI strategies, products, and services.
Our experts can help your business unlock potential and unleash innovation.
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