Goldman Sachs ties up with IIT Kharagpur to develop AI solutions for fintech

“Industry-academia partnerships are key in driving transformation, and I am excited for all that we can achieve together.”

Goldman Sachs and IIT Kharagpur Al Centre of Excellence have entered a two-year research partnership to develop AI techniques and intellectual property assets.

Gunjan Samtani, Head of Goldman Sachs Services India, said, “Goldman Sachs Bengaluru and Hyderabad are integral to the firm’s evolution as a digital enterprise of the future, leveraging emerging technologies to augment our businesses. We are pleased to partner with the Centre for Artificial Intelligence, IIT Kharagpur in developing Artificial Intelligence, Machine Learning and Natural Language Processing techniques that can provide solutions in a variety of important business use cases in financial services. Industry-academia partnerships are key in driving transformation, and I am excited for all that we can achieve together.”

The partners will work towards developing deep learning techniques, training systems to automatically read & summarise financial documents, forecasting potential global events and identifying key narratives. 

The company believes designing AI models that drive informed decisions and work at scale leads to operational efficiencies and risk mitigation across sectors. 

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Meeta Ramnani
Meeta’s interest lies in finding out real practical applications of technology. At AIM, she writes stories that question the new inventions and the need to develop them. She believes that technology has and will continue to change the world very fast and that it is no more ‘cool’ to be ‘old-school’. If people don’t update themselves with the technology, they will surely be left behind.

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