FinTech Magazine January 2025 | Page 102

FINANCIAL SERVICES

Kevin Levitt , Global Director , Financial Services at NVIDIA , has observed this acceleration firsthand :

“ What financial institutions have quickly realised is that there are so many use cases and so many opportunities to generate either operational efficiencies and / or new revenue streams . Today , banks are operating against hundreds of use cases . It ’ ll be thousands into the future .”

Industrial-Scale AI Factory Development The partnership ’ s strength lies in its ability to offer solutions at multiple levels , from infrastructure to softwareas-a-service .

This flexibility has enabled significant improvements in operational efficiency , as demonstrated by a Brazilian customer , which achieved a 90 % reduction in document identification processing time by implementing these solutions to enhance its anti-fraud solutions .

This dramatic improvement in processing capability has transformed their operations . As Leung explains : “ What previously took hours or even days can now happen in seconds . Now the process is interactive and they can work with the customer in real-time , improving customer experience .”

At the heart of this transformation is the concept of AI factories – centralised platforms that combine hardware ,

KEY MILESTONES IN THE ORACLE-NVIDIA PARTNERSHIP ( 2020-2024 )

Launch of NVIDIA AI Enterprise software suite on Oracle Cloud , delivering enterprise-grade AI tools and frameworks

Expansion of GPU cloud instances to include NVIDIA A10 and A16 GPUs , broadening the range of AI and visualisation workloads

Oracle and NVIDIA Partner to Speed AI Adoption for Enterprises

NVIDIA choose Oracle Cloud Infrastructure for AI services

Oracle and NVIDIA to deliver Sovereign AI worldwide

102 January 2025