Generative AI is rapidly transforming the financial services industry, accelerating innovation across fraud detection, risk management, investment research, customer engagement, and many other areas. On April 17, NVIDIA joined “NVIDIA Financial AI Meet-up with Macnica,” hosted by Macnica, where Ase Blanco, NVIDIA’s global banking strategy lead, introduced how AI is transforming financial businesses while sharing the latest global trends. Major Japanese financial institutions and partner companies also presented their latest initiatives for meeting domestic needs such as balancing data sovereignty with accuracy. Blanco opened by saying that AI adoption is not merely an evolution but a true revolution. He emphasized that NVIDIA is not simply a chipmaker, but a platform supporting the AI revolution. NVIDIA designs and provides an integrated stack spanning chips, infrastructure, models, and applications, which is why AI companies need NVIDIA. He also highlighted NVIDIA’s strong commitment to open source, including not only models but also training data and trained weights, enabling users to build new businesses. In finance, he said, it is essential to build intelligence that institutions can control themselves. Financial services generate about $1.2 trillion in annual profit, making it the world’s largest profit-generating industry. AI-driven process improvements alone are estimated to create an additional $200 billion to $340 billion in profit. Fraud causes more than $500 billion in annual losses and is growing by more than 10% each year, meaning improved AI fraud detection could create value on the scale of hundreds of billions of dollars. NVIDIA’s research also shows that 99% of financial institutions plan to continue or expand AI investment, 89% already see revenue gains or cost reductions from AI, and 84% recognize the importance of open source. According to Blanco, the bank of the future will be powered not by datasets but by intelligence. In 2025, several major b