European neobank bunq is debunking financial fraudsters with the help of NVIDIA accelerated computing and AI.
Dubbed the bank of the free, bunq offers online banking anytime, anywhere. Through the bunq app, users can handle all their financial needs exclusively online, without needing to visit a physical bank.
With more than 12 million customers and 8 billion euros' worth of deposits made to date, bunq has become one of the largest neobanks in the European Union. Founded in 2012, it was the first bank to obtain a European banking license in over three decades.
To meet growing customer needs, bunq turned to generative AI to help detect fraud and money laundering. Its automated transaction-monitoring system, powered by NVIDIA accelerated computing, greatly improved its training speed.
AI has enormous potential to help humanity in so many ways, and this is a great example of how human intelligence can be coupled with AI, said Ali el Hassouni, head of data and AI at bunq.
Faster Fraud Detection Financial fraud is more prevalent than ever, el Hassouni said in a recent talk at NVIDIA GTC.
Traditional transaction-monitoring systems are rules based, meaning algorithms flag suspicious transactions according to a set of criteria that determine if an activity presents risk of fraud or money laundering. These criteria must be manually set, resulting in high false-positive rates and making such systems labor intensive and difficult to scale.
Instead, using supervised and unsupervised learning, bunq's AI-powered transaction-monitoring system is completely automated and easily scalable.
Bunq achieved this using NVIDIA GPUs, which accelerated its data processing pipeline more than 5x.
In addition, compared with previous methods, bunq trained its fraud-detection model nearly 100x faster using the open-source NVIDIA RAPIDS suite of GPU-accelerated data science libraries.
RAPIDS is part of the NVIDIA AI Enterprise software platform, which accelerates data science pipelines and streamlines the development and deployment of production-grade generative AI applications.
We chose NVIDIA's advanced, GPU-optimized software, as it enables us to use larger datasets and speed the training of new models - sometimes by an order of magnitude - resulting in improved model accuracy and reduced false positives, said el Hassouni.
AI Across the Bank Bunq is seeking to tap AI's potential across its operations.
We're constantly looking for new ways to apply AI for the benefit of our users, el Hassouni said. More than half of our user tickets are handled automatically. We also use AI to spot fake IDs when onboarding new users, automate our marketing efforts and much more.
Finn, a personal AI assistant available to bunq customers, is powered by the company's proprietary large language model and generative AI. It can answer user questions like, How much did I spend on groceries last month? and What's the name of the Indian restaurant I ate at last week?
The company is exploring NVIDIA NeMo Retriever, a collection of generative AI microservices available in early access, to further improve Finn's accuracy. NeMo Retriever is a part of NVIDIA NIM inference microservices, which provide models as optimized containers, available with NVIDIA AI Enterprise.
Our initial testing of NeMo Retriever embedding NIM has been extremely positive, and our collaboration with NVIDIA on LLMs is poised to help us to take Finn to the next level and enhance customer experience, el Hassouni said.
Plus, for the digital bank's marketing efforts, AI helps analyze consumer engagement metrics to inform future campaigns.
We're creating a borderless banking experience for our users, always keeping them at the heart of everything we do, el Hassouni said.
Watch bunq's NVIDIA GTC session on demand and subscribe to NVIDIA financial services news.
Learn more about AI and financial services at Money20/20 Europe, a fintech conference running June 4-6 in Amsterdam, where NVIDIA will host an AI Summit in collaboration with AWS, and where bunq will present on a panel about AI for fraud detection.
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
15/11/2026
Can VideoProc AI Really Reduce Noise and Enhance Blurry, Old Footage? Real-World...
14/11/2026
Longtime MLB Network employee David Maybrown passed away Thursday at the age of 57. David joined MLB Network in 2009 shortly after its launch, beginning as an i...
14/11/2026
Modular innovators introduce two guitar-based products
ADDAC System's recently introduced Four String Series makes it possible to integrate physical str...
14/11/2026
Marcelo Dai's Live Session Captured with URSA Cine Immersive
Brie Clayton November 14, 2026
0 Comments
Artist takes viewers on an immersive journe...
14/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
14/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
14/11/2026
Newest Lenses, Horizon Anamorphic Seminar & Guided Lens Character Experience Highlight Creative Possibilities
At the 2026 Toru CAMERIMAGE Film Festival, ZEISS...
14/11/2026
Sonnet Announces Black Friday Sale on Select Products
Brie Clayton November 14, 2026
0 Comments
WHAT: Sonnet Technologies is having a sale on a select...
14/11/2026
Berklee Alumni Shine at the 2026 Latin Grammy Awards This year's winners included songwriters, engineers, and performers who contributed to acclaimed reco...
13/11/2026
The UIM E1 Series wraps its third season this week with the Bombay Sapphire E1 Miami GP, Nov. 11-14, on Biscayne Bay at the Miami Seaplane Base on Watson Island...
13/11/2026
In-venue and creative video staffers at the professional and collegiate level ha...
13/11/2026
Singer-songwriter Benson Boone will headline entertainment for the Discover NHL Winter Classic between the Utah Mammoth and Colorado Avalanche at Rice-Eccles St...
13/11/2026
Blackmagic Design has announced the Blackmagic Ambisonic Microphone, a 7th order ambisonic microphone array that captures spatial audio for immersive video prod...
13/11/2026
SMPTE has announced that The Studio B&H and Riedel Communications will provide the video infrastructure and communications technology for the Solutions Hub at t...
13/11/2026
The Hollywood Professional Association (HPA) has announced the theme and program focus for the 2027 HPA Tech Retreat, which takes place Feb. 14-18, 2027, in La ...
13/11/2026
Football Manager 27 Touch is available on Apple Arcade starting today. The game ...
13/11/2026
MotoGP has announced a two-year media rights agreement with ESPN covering the Un...
13/11/2026
Apple Sports, the free iPhone app, has added the Ultimate Fighting Championship (UFC) to its lineup of supported sports, in time for Saturday's UFC 334. The...
13/11/2026
The NBA and Fanatics Studios, the joint venture between Fanatics and entertainme...
13/11/2026
ESPN held its annual EDGE Innovation Conference last night and offered up an ove...
13/11/2026
Regional sports network gives Ithaca College, SUNY Cortland students a platform to thrive
One of the biggest games in Division III college football will be pla...
13/11/2026
Studer-inspired 500-series PWM compressor unveiled
The HLabs range already includes a couple of Studer-inspired offerings in the form of the PRE169 and EQ16...
13/11/2026
Download Now!
To view the white paper, please enter the following details:
--
First Name* First Name
Company*
Country* Please select your countryA...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Blue Lucy, the workflow orchestration and integration platform for broadcasters, rights owners and localisation companies, today announced an integration with c...
13/11/2026
Krotos announces Black Friday offers on Studio Pro and Studio Max
Brie Clayton November 12, 2026
0 Comments
First-year annual plans start at US$195.99...
13/11/2026
Blackmagic Design Announces Blackmagic Ambisonic Microphone
Brie Clayton November 12, 2026
0 Comments
New 7th order ambisonic microphone with 108 MEMS...
13/11/2026
Meet the Berklee Student Setting Planetary Motion to Music With his compositional platform SoniKosmos, Javier Roqueni aims to make the universe the ultimate i...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , er...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , er...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Share
{alert(Link copied)}).catch(err => {console.error(Failed to copy: , err)}) data-platform=copy_link data-action= class=font-ui-heading py-2 text-sm tex...
13/11/2026
Amagi, the media industry cloud company, today announced a partnership with Golden Times Media Technology (stock code 920021.BJ), a Beijing-based media and tech...
13/11/2026
CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, together with its Malaysian partner, Cedar ...
13/11/2026
SMPTE, the home for media professionals, technologists and engineers, today announced that The Studio B&H and Riedel Communications will provide the video infra...
13/11/2026
iWedia, a global leader in connected TV software solutions, will present its software-first approach to DRAM optimization at Android TV APAC Summit 2026 in Bang...
13/11/2026
Beginning today, November 13, Apple HomeView is available for purchase at Apple Store locations, on the Apple Store online, and in the Apple Store app in select...
13/11/2026
From pediatric research to smart hospitals, AI is helping care teams spend less time on routine tasks and more time with patients.
Health systems and startups...
12/11/2026
Industry leaders examine how Dynamic Media Facility, Media eXchange Layer, and c...
12/11/2026
The junior Tar Heel is embracing the technical and creative challenges of live production while emerging as a leader and mentor in the control room...
European neobank bunq is debunking financial fraudsters with the help of NVIDIA accelerated computing and AI.
