Bud Financial enhances AI capabilities with DataStax, NVIDIA

Bud Financial is utilising DataStax's AI Platform, developed in conjunction with NVIDIA, to enhance the customer experience for institutions, including ANZ Bank.

DataStax has reported that its AI Platform, incorporating NVIDIA AI technologies such as the NeMo Retriever and NVIDIA NIM microservices, has enabled Bud Financial to accelerate its financial data classification process by a factor of ten.

The platform also aims to boost both internal and external operational efficiencies while reducing costs for Bud Financial.

Through the integration of NVIDIA's Triton Inference Server and NeMo Evaluator microservices, Bud Financial has improved its real-time financial data classification and enrichment service.

This advancement has achieved lower latency and costs compared to solutions based solely on CPU processing.

Bud Financial plans further enhancement by incorporating NVIDIA technologies into its Drive Copilot.

This is a conversational interface designed for its no-code transactional data analysis and customer segmentation tool. The enhanced tool will offer Bud Financial's customers insights into account holders, allow for the creation of impactful customer segments, track campaign performance, and assist in risk management with higher accuracy and reliability.

ANZ, one of the largest banks in Australasia, employs Bud Financial's transaction enrichment and customer insight technologies.

This partnership is intended to advance ANZ's lending processes and personal finance management offerings, backed by large language models trained on NVIDIA computing solutions, providing a swifter and more precise customer experience.

Michael Cullum, Vice President of Engineering & Data at Bud Financial, commented, "At Bud, our goal is to provide banks and financial institutions with the most accurate, real-time insights possible, and by working with DataStax and NVIDIA, we're able to push the boundaries of what's possible. These innovations allow us to offer faster, more reliable financial intelligence that transforms how institutions like ANZ can understand their customers and enable better customer financial wellbeing."

Ed Anuff, Chief Product Officer at DataStax, noted, "AI is reshaping financial services, and Bud Financial's work with ANZ is a great example of how AI-driven data solutions can drive efficiency and improve customer experience."

"With the DataStax AI Platform, built with NVIDIA AI, we're enabling companies like Bud to deploy AI-powered applications that are both high-performance and cost-effective."