- BNY Mellon, a US-based banking heavyweight, has deployed Nvidia’s AI supercomputer, DGX SuperPOD with DGX H100 systems.
- The deployment was completed ahead of typical timelines, showcasing the efficiency of the installation and configuration process.
- Nvidia’s AI Enterprise software will be utilized by BNY Mellon to support the development and deployment of AI applications and manage its on-premises AI infrastructure.
- Bridget Engle, BNY Mellon’s Chief Information Officer (CIO), highlights the significance of deploying Nvidia’s AI supercomputer in enhancing processing capacity to innovate and launch AI-enabled capabilities.
- BNY Mellon’s AI Hub already has over 20 AI-enabled solutions in production, supporting various functions including predictive analytics, automation, and anomaly detection.
- Use cases supported by DGX SuperPOD include deposit forecasting, payment automation, predictive trade analytics, and end-of-day cash balances.
- BNY Mellon has identified over 600 AI opportunities, with dozens already in development, utilizing Nvidia AI Enterprise software such as Nvidia NeMo, Nvidia Triton Inference Server, and Nvidia Base Command.
- BNY Mellon, headquartered in New York, specializes in investment and wealth management services and is the world’s largest custodian bank and securities services company.
- The bank manages $1.8 trillion in assets under management and $45.7 trillion in assets under custody as of 2023, making it a systemically important bank according to the Financial Stability Board.
