SambaNova Systems has launched SambaNova GPT Banking, a purpose-built solution leveraging deep learning to drive the digital transformation of banks. GPT Banking is built for banks’ large language models and is offered as a subscription service to simplify the process of deploying the most advanced language models in quick time.
Banks can leverage the technology to perform:
- Sentiment analysis: Scan social media, press and blogs to understand market, investor and stakeholder sentiment.
- Entity recognition: Reduce human error, classify documents and reduce manual/repetitive work.
- Language generation: Process, transcribe and prioritize claims, extract necessary information and create documents to improve customer satisfaction.
- Language translation: Language translation to expand customer base.
The banking industry is not able to deploy AI models at a quick pace since there is a gap in deep learning deployment. SambaNova wants to shorten the time it takes to deploy a model, which usually is around 18 months starting from building a data science team, IT infrastructure, training and deploying a large language model.
“GPT Banking has the potential to transform nearly every aspect of banking, from improving operations to managing risk and compliance. Customers tell me they’re most excited about GPT Banking’s ability to truly personalize the customer experience, with richer insights that enable them to understand customers’ evolving needs,” Rodrigo Liang, CEO and co-founder of the company said.
