By Haripriya Suresh<\/p>\n
BENGALURU, June 18 (Reuters) – Artificial intelligence is accelerating productivity at Deutsche Bank, enabling tasks that once took years to be completed within months, a \u200csenior executive said on Thursday.<\/p>\n
The German lender is using AI to speed up \u200ctechnology projects and tackle a backlog of internal work, but it is keeping a wary eye on rising \u200bcomputing costs.<\/p>\n
“We’re seeing things that were two years that are now getting done in three to six months\u2026 we know the productivity is there,” said Denis Roux, chief information officer, investment bank at Deutsche Bank, speaking on the sidelines of the bank’s Bank on Tech event in Bengaluru, \u200cIndia. He declined to quantify \u2060the impact.<\/p>\n
Backlogs that once took months are now being cleared in weeks, Roux said, adding, “All I’m hoping to do is use these tools to \u2060continue to make things more efficient.”<\/p>\n
The bank has around 9,000 employees in its technology function in India, accounting for about 45% of its global tech workforce. Global firms are increasingly using their \u200bIndian hubs \u200bfor higher-value functions, including finance, software development and \u200bR&D.<\/p>\n
Still, managing the cost of AI \u200cadoption is a priority as providers move to usage-based pricing models, Roux said, likening it to the discipline companies developed during their move to cloud computing.<\/p>\n
AI firms such as Anthropic and OpenAI are increasingly shifting to token-based pricing that charges customers based on usage, instead of a subscription-based service.<\/p>\n
Engineers at Deutsche Bank are allocated quotas for tokens and can request \u200cadditional capacity but have to demonstrate value, with learnings \u200bthen shared across the organisation, Roux said.<\/p>\n
“We monitor the \u200busage patterns\u2026 we don’t want to \u200bslow people down and want them to keep going, but we also \u200cwant to get a return,” he said.<\/p>\n
The \u200bbank is also developing \u200bAI tools to automate tasks like extracting and analysing financial data, as well as applications that link external events such as geopolitical or market developments to its portfolio \u200bto understand exposure.<\/p>\n
Roux said the \u200cbank remains cautious about deploying AI for everything, using simpler models for routine \u200btasks and also assessing where traditional solutions may be more effective.<\/p>\n
(Reporting by \u200bHaripriya Suresh in Bengaluru; Editing by Vijay Kishore)<\/p>\n","protected":false},"excerpt":{"rendered":"By Haripriya Suresh BENGALURU, June 18 (Reuters) – Artificial intelligence is accelerating productivity at Deutsche Bank, enabling tasks…\n","protected":false},"author":2,"featured_media":39354,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21213],"tags":[699,34515,21214],"class_list":["post-39353","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deutsche-bank","tag-artificial-intelligence","tag-denis-roux","tag-deutsche-bank"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/39353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=39353"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/39353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/39354"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=39353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=39353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=39353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}