From Nvidia: 2024-06-03 03:00:28

Bunq, a European neobank, is using NVIDIA’s accelerated computing and AI to combat financial fraud. With over 12 million customers and 8 billion euros in deposits, Bunq is one of the largest neobanks in the EU. Their AI-powered transaction-monitoring system has improved training speed and detection capabilities.

Utilizing NVIDIA GPUs, Bunq’s AI system has accelerated data processing by over 5x and trained its fraud-detection model nearly 100x faster. The bank is exploring the use of NVIDIA NeMo Retriever to further enhance their AI assistant, Finn. AI is also leveraged to automate tasks, analyze consumer engagement, and improve marketing efforts.

Bunq is dedicated to enhancing customer experience through AI, with plans to leverage NVIDIA’s advanced software to speed up model training and improve accuracy. The bank aims to create a seamless banking experience for users, keeping them at the heart of their operations. Meet bunq at Money20/20 Europe for insights on AI and fraud detection.



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