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OTP Bank Selects SambaNova to Build Europe's Fastest AI Supercomputer

Posted by SambaNova Systems on November 11, 2021

OTP Bank Selects SambaNova to Build Europe's Fastest AI Supercomputer

Today we announced that OTP Group, the leading banking group in Central and Eastern Europe, is partnering with SambaNova to build the fastest AI supercomputer in Europe. With this initiative— a global first— the bank is leapfrogging Wall Street and Western European competitors in the global AI race.

This partnership signals that rapid transformation with AI is upon us and this initiative— an alignment across tech, banking and government— positions SambaNova, OTP Group and the Ministry for Innovation and Technology (ITM) of Hungary as today’s AI leaders.

“OTP Group has an impressive industry-leading plan to make AI its key technology driver for the next decade. With the support of ITM, the AI environment that they’re creating will provide accessible, cutting-edge infrastructure for universities, research centers, public and private organizations across Hungary,” said Prof. Dr. László Palkovics, Minister for Innovation and Technology in Hungary.

OTP Bank is planning to deploy the AI supercomputer in the next 100 days. With the technology in place, the Bank’s 17 million customers will experience ultra-fast, personalized AI-based financial services; the deployment will showcase what’s possible with advanced AI and what banking will look like in the future.

Topics: business

 Marshall Choy
Marshall Choy

Marshall is the Senior Vice President of Product at SambaNova Systems, responsible for product management and go-to-market.