KEVIN LEVITT
FINANCIAL SERVICES
software and development tools for AI application creation .
These sophisticated environments represent a fundamental shift in how financial institutions approach AI development . “ It ’ s not just about the hardware and it ’ s not just about the software , you need a platform and a full stack that integrates the two ,” Levitt explains .
Historical Context and Demonstrable ROI The financial services industry has consistently been at the forefront of technological innovation , with each new advancement building upon previous successes .
Levitt emphasises this evolutionary journey : “ Our industry has a great history of leveraging technological innovation to remove operational efficiencies and deliver new revenue opportunities .
“ You ’ ve got ATMs and the internet and online banking , to mobile banking and cloud , and certainly now AI and generative AI .”
This latest wave of AI adoption represents a particularly significant shift , as it enables institutions to extract more value from their most crucial asset : data .
The return on investment is becoming increasingly evident across multiple areas of banking operations , from customer service to risk management .
KEVIN LEVITT
TITLE : GLOBAL DIRECTOR , FINANCIAL SERVICES
COMPANY : NVIDIA INDUSTRY : TECH , AI LOCATION : US
“ Banks today are operating against hundreds of AI use cases . It will be thousands in the near future ”
Advanced Language Models and Generative AI Implementation The implementation of AI in banking has moved far beyond simple automation .
104 January 2025