Money20/20 USA: NVIDIA talks Gen AI & LLMs in fintech

At Money20/20 USA, we speak to NVIDIA’s Financial Services Industry Global VP, Malcolm deMayo, on ways Gen AI & LLMs are pioneering new tech in finserv

In attendance at Money20/20 USA, held in Las Vegas from October 22-25, FinTech Magazine caught up with Malcolm deMayo, Global VP for the Financial Services Industry at NVIDIA, about the role Generative AI and large language models (LLMs) are playing in pioneering a new technological revolution for financial services providers. 

For our full interview with deMayo, you can click on the video link above.

NVIDIA: At the forefront of Gen AI & LLMs

Speaking on the latest innovations at NVIDIA, deMayo says: “What we’ve done is build application frameworks that allow our customers to develop and customise their large language model, but also take these software development kits (SDKs) that we've built to fully optimise whatever LLM they want to use. We’ve also built ACE, our avatar cloud engine, allowing our clients.”

These technologies are helping drive significant efficiences at financial services companies today. 

deMayo continues: “So we've built the technology, we’re using large language models and we're using XG boost machine learning models. 

“We’ve created an ensemble of AI to help the payments firms very accurately predict based on the information they see in any transaction.

“Financial services customers can now see if a transaction is good or fraudulent. As such, we believe our platform is helping firms to take full advantage of Generative AI.” 

Want to see more from Money20/20 USA? Stay tuned to FinTech Magazine as we roll out more content from the event over the coming days. 


For more insights from FinTech Magazine, you can see our latest edition of FinTech Magazine here, or you can follow us on LinkedIn and Twitter.

You may also be interested in our sister site, InsurTech Digital, which you can also follow on LinkedIn and Twitter.

Please also take a look at our upcoming virtual event, FinTech LIVE London, coming on 8-9 November 2023.


BizClik is a global provider of B2B digital media platforms that provides executive communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare, and Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

Visa & Currencycloud: Pioneering cross-border solutions

We speak to Colleen Ostrowski, SVP, Treasurer and GM of Cross-Border Solutions at Visa, about how the company delivers B2B4X cross-border solutions

Cross-blockchain comms enabler Wormhole lands US$225m

Wormhole, the messaging protocol enabling cross-blockchain communications, has raised a staggering US$225m in new funding

Defaqto: Helping clients ‘make smarter financial decisions’

We look at the life and career of John Milliken, CEO of Defaqto – a company known for issuing star ratings, but with far more going on under the hood…

WorldFirst: Why now is time for SMEs to seek trade in Asia

Financial Services (FinServ)

Mastercard webinar: Shaping the Future of Fintech

Financial Services (FinServ)

Embedded finance: Innovating for good

Financial Services (FinServ)