Temenos partners with Nvidia to deliver on-premises AI for banks

The financial technology sector continues to evolve as banking software providers integrate advanced AI capabilities into their core offerings, with Temenos’ latest announcement marking a significant development in on-premises AI solutions for financial institutions.

Key Innovation: Temenos has unveiled an on-premises generative AI solution built on Nvidia’s AI platform, designed to help banks process unstructured data while maintaining complete control over their information.

• The solution leverages Nvidia NIM microservices, which are part of the Nvidia AI Enterprise software platform
• Banks can now process and analyze data with improved speed and precision while keeping sensitive information secure
• The system enables real-time insights and personalized services while maintaining data sovereignty

Technical Implementation: The integration combines Temenos’ banking expertise with Nvidia’s advanced AI infrastructure to create a comprehensive solution for financial institutions.

• The platform utilizes Nvidia’s verified deployment architecture
• Implementation includes optimized AI inference throughput and latency capabilities
• The solution offers streamlined deployment, scaling, monitoring, and management of AI models
• Distribution will be handled through Nvidia’s partner network

Practical Applications: Explainable AI functionality has been integrated across multiple critical banking operations to enhance transparency and efficiency.

• Credit scoring systems now provide clear reasoning for decisions
• Anti-money laundering processes benefit from improved detection capabilities
• Payment exception handling has been streamlined
• Customer engagement and cross-selling activities are enhanced with AI-driven insights
• Business users can access instant insights and generate custom reports

Industry Leadership Perspective: Key executives from both companies have emphasized the transformative potential of this collaboration.

• Barb Morgan, Temenos’ Chief Product and Technology Officer, highlighted the combination of banking expertise with advanced AI infrastructure
• Malcolm deMayo, Nvidia’s VP of Global Financial Services, emphasized AI’s role in reimagining customer interactions and optimizing operations
• Both leaders stressed the importance of responsible AI implementation in banking

Future Implications: This development suggests a growing trend toward bringing AI capabilities in-house for financial institutions, potentially reshaping how banks approach data processing and customer service while maintaining strict security and compliance standards.