Banking Transformed with Jim Marous NVIDIA Executive Reveals How AI is Reshaping Financial Services
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Oct 28, 2024 Malcolm deMayo, Global VP at NVIDIA, discusses AI's transformative impact on financial services. With 91% of institutions exploring AI, he reveals why 75% think their capabilities are leading the industry. The conversation covers AI's role in risk management and operational efficiency, plus challenges like data privacy and talent acquisition. DeMayo emphasizes the importance of partnerships in AI development and how generative AI enhances customer experiences, making banking more efficient and trustworthy.
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NVIDIA Accelerates Financial Workloads
- NVIDIA has accelerated financial workloads from 20 hours to 4 hours.
- This allows banks to rethink processes and improve risk assessment and trading strategies.
Generative AI Broadens Programming
- Generative AI makes programming accessible to nearly everyone.
- This change dramatically boosts developer productivity and customer service efficiency.
Financial Firms Deeply Engaged in AI
- Financial institutions have moved beyond AI hype to deep engagement.
- They invest in talent, technology, and prioritize use cases for productivity and revenue.