Deutsche Bank Joins Hands with NVIDIA to Embed AI and ML into Financial Services

Deutsche Bank has entered a a multi-year innovation partnership agreement with NVIDIA, a global leader in AI computing, to drive the use of AI and machine learning (ML) in the financial services sector.

According to the official press release, this collaboration will accelerate the development of a broad range of regulatory-compliant AI-powered services and Deutsche Bank's cloud transformation journey as well. Besides, it will enrich the bank's leadership in risk management, improve efficiency and enhance customer service.

"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 Deutsche Bank's AI and ML ambitions, which will help the bank take a leading position in the usage of these technologies in financial services, according to Bernd Leukert, Deutsche Bank's Management Board Member responsible for Technology, Data and Innovation.

"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. "Together with Deutsche Bank, we are modernizing and reimagining the way financial services are operated and delivered."