VP Bank has entered into a partnership with the ETH AI Center in Zurich, as detailed in a press release. The bank is of the view that the use of Artificial Intelligence (AI) harbors huge potential for the financial sector, with data-driven AI processes, for example, set to play an important role in personal consulting services.
With the help of the ETH AI Center, the bank is keen to unlock the potential of this technology. In so doing, VP Bank will focus on the “systematic analysis of data and for its development into a more data-driven organization”, the press release explains.
Moreover, the partnership with the ETH AI Center opens up the opportunity of taking part in various events aimed at the exchange of knowledge. In this context, VP Bank will seek to benefit from the proximity to AI researchers and other company representatives active within the sphere of the ETH.
“We are proud to work with a renowned institution like the ETH. In addition to access to cutting-edge research, applications and trends in the field of artificial intelligence and machine learning, the partnership also offers the opportunity to develop each other’s talents and to organize topic-specific research and events”, comments Thomas von Hohenhau, Head of Client Solutions at VP Bank.
The ETH AI Center was founded in 2020 with the vision of combining fundamental research and AI applications. With more than 93 professors working across a total of 16 different specialist areas, it is one of the largest AI centers of its kind. According to VP Bank, the center represents the “cutting edge of this key technology for the future”.