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In this episode of @FUMO_Podcast , @ronitA380 and @FinTechGuyDubai delve into the transformative role of #AI in the financial world with @NareVardanyanN , Co-Founder and CEO of @ntropy_dev .
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Discover how startups like @ContextualAI, @Naya_One, @ntropy_dev and @SecuritiAI are harnessing generative AI with NVIDIA NIM microservices to boost #financialservices applications for sharper, faster operations.
Read now ➡️ nvda.ws/4ecMWRa
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🥇Massive kudos to @iliazintchenko at @ntropy_dev for showing #fintechdevcon how to deploy #LLMs to production with accuracy, reliability, latency, cost and data #security.
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Good detour episode - Been a fan of Emily, a Uber ⭐️. Her tactical advise was very informative. Good to see her company working with not only the heavyweights like Ramp etc but FinTech rising stars like .@ColumnTax & .@ntropy_dev . Overall 10/10 good👂
podcasts.apple.com/us/podcas…
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📣 Customer Showcase: @BilancFinance is a @ycombinator-backed startup that enables companies to break down unit economics by customer to help optimize pricing and control costs.
⭐ Bilanc combines our Merchant Enrichment and Categorization products to better understand bank transactions so that it can map them to specific costs, helping its customers better understand their unit economics.
🤖 Additionally Bilanc builds financial statements for its customers using our Categorization product to quickly map bank transactions to financial statements.
🕰️ The lack of granularity with the enrichment solutions of open banking providers meant Bilanc had to look for an alternative.
Having initially tried using GPT3.5, the slow response time was an issue and the cost of GPT4 made it uneconomical.
“The accuracy of Ntropy’s enrichment was over 90% for UK, EU and US customers compared to around 70% for the open banking provider and GPT solutions we tried.
We have saved months by not building this ourselves. Integration was easy and we can move faster with our core product without having to worry about it.”
@SamAkinwunmi, Bilanc (YC W24) Co-founder
We are excited to be powering Bilanc as it seeks to bring greater clarity and transparency to customer profitability, something that a lot of companies are focusing on at this time.
ntropy.com/blog/customer-sho…
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Replying to @NikMilanovic @OpenAI
You can use OpenAI via us 1000x cheaper and faster . Real production numbers @NikMilanovic ! 1B transactions a year with OAI are quasi 50M USD . Not speaking of latency .
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I’ve heard operational leverage is hot 🥵 join builders to unpack LLMs in finance at @ThinkRiseGlobal in NYC 🥸 limited spots as we want to geek out
LLMs are the talk of the town, especially within financial services. Some companies are already building with and integrating LLMs into their products.
A lot of people are on the sidelines with lots of questions around how to use them and integrate with them.
🧠 Curious about how LLMs will impact fintech and want to geek out about real use cases with people actually building with them?
Join our CTO @iliazintchenko alongside two other co-founders, @rohanramanath from @hyperplaneai and @mitch_troy from @trybasis on Wednesday 7th February.
🤖 We will bring some reality to the hype and unpack what goes on behind the scenes 👇
lu.ma/d2puqvd0
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Fantastic interview with my friend, ex-colleague and investor in our fund @_foundress @ntropy_dev www-forbes-com.cdn.ampprojec…
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SF next Tuesday: I'm co-hosting with @LisaShmulyan : The Future of AI, Ethics and Technology – A conversation with Joscha Bach and Gaia Dempsey.
Please comment any questions you have for a @Plinz and @fianxu and hope to see you there! lu.ma/t1qspeft
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At @ntropy_dev we put a lot of effort into validating, stabilizing and optimizing the performance of language models on financial data. Along the way, we have developed a number of tricks that boost the efficiency of our LLMs. One such trick is the following:
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At SpaceX, Elon Musk created an “idiot index” to locate areas in rocket construction where laziness and out-of-date assumptions were keeping costs unreasonably high.
A similar exercise is needed in small business lending in order to unlock the access to capital that entrepreneurs need.
I dove deep into this topic in today’s special @FintechTakes deep dive, sponsored by @ntropy_dev.
workweek.com/2023/11/01/a-fi…
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Interested in what this shift means for build vs buy decisions? @ntropy_dev has you covered👇
ntropy.com/blog/the-impact-o…
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Kicking off @money2020 by discussing financial inclusion and fairness, two of the the most important priorities in our fintech ecosystem.
QED portfolio company @ntropy_dev CEO @_foundress took the stage with @nicolecasperson and Gavin Nachbar.
#money2020
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Great sessions at our 2023 Fintech Demo Day either side of lunch today, including @JoinMeow CEO Brandon Arvanaghi, @Coru_mx CEO Fernando Gonzalez and @ntropy_dev CEO Naré Vardanyan.
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“We went from 20,000 transactions to doing hundreds of millions of transactions a month. We have a database of 100 million plus unique merchants, which is unique businesses that we have seen before,” @ntropy_dev CEO @_foundress tells @Forbes’ @Brogers825.
forbes.com/sites/brucerogers…
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What does this mean for the build vs buy decision? Check out my thoughts👇 @ntropy_dev
ntropy.com/blog/the-impact-o…
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@ntropy_dev is on a mission to build language models to understand financial data in any format, context, geography or language source.
🎙️Listen to their story on the Fintech Thought Leaders podcast.
Spotify: open.spotify.com/episode/68B…
Apple: podcasts.apple.com/us/podcas…
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AI-powered @ntropy_dev has entered a #partnership with #openbanking platform @YapilyLtd to enhance #financialinformation and transaction #data across #Europe.
Discover more reading The Paypers: bit.ly/3OYVyQs
#bankingnews #banking #openbanking #financialdata #partner
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Another piece of news to share on our way to become the truly global financial data intelligence company!
We are super exited to be partnering with @YapilyLtd to enable its customers across EMEA better leverage consumer and business data. ntropy.com/blog/ntropy-partn…























