BNY Mellon deploys AI supercomputer from Nvidia
BNY Mellon, a US-based banking heavyweight, has deployed Nvidia’s supercomputer, DGX SuperPOD with DGX H100 systems.
BNY Mellon deploys AI supercomputer from Nvidia
The provider says that “the team was able to install and configure the DGX SuperPOD ahead of typical timelines” and adds that the new technology “delivers computer processing performance that hasn’t been seen before at BNY Mellon”.
BNY Mellon plans to use Nvidia’s AI Enterprise software to support the build and deployment of artificial intelligence (AI) applications and manage its on-premises AI infrastructure.
“By deploying Nvidia’s AI supercomputer, we can accelerate our processing capacity to innovate and launch AI-enabled capabilities that help us manage, move and keep our clients’ assets safe,” says Bridget Engle, chief information officer (CIO) of BNY Mellon.
The bank says its AI Hub already has 20+ AI-enabled solutions in production, which support predictive analytics, automation and anomaly detection, and other capabilities.
Some of the use cases supported by DGX SuperPOD include deposit forecasting, payment automation, predictive trade analytics and end-of-day cash balances.
And there is more in the pipeline, Nvidia says: “BNY Mellon has identified more than 600 opportunities in AI during a firmwide exercise last year, and dozens are already in development using such Nvidia AI Enterprise software as Nvidia NeMo, Nvidia Triton Inference Server, and Nvidia Base Command.”
With its HQ in New York and a 240-year-old history, BNY Mellon specialises in investment and wealth management services. It is the world’s largest custodian bank and securities services company, with $1.8 trillion in assets under management and $45.7 trillion in assets under custody as of 2023. It is considered a systemically important bank by the Financial Stability Board.
