RESULT OF COOPERATION: NTNU’s postings of new doctoral positions and a postdoctoral position is a result and continuation of the cooperation agreement signed by NTNU Rector Gunnar Bovim and DNB chief Rune Bjerke (t.h.) in September 2017. Archive photo.
DNB aims to strengthen the use of big data, machine learning and artificial intelligence (AI) in the financial services industry. The bank has therefore joined forces with NTNU (the Norwegian University of Science and Technology), to fund three new doctoral degrees (PhD) and a postdoctoral position at the university.
The positions (see links below) are one of the concrete results of the collaboration agreement that was entered into by DNB and NTNU in September last year. The background for the agreement is that DNB needs the university’s expertise, while NTNU wants to develop research-based expertise aimed at the financial services industry.
The purpose of establishing the new positions is to increase the overall capacity and quality of education and research in the field of big data and artificial intelligence (AI) in Norway, and to encourage the use of this technology within banking and finance.
Rasmus Aage Figenschou, head of New Business in DNB, says that the bank needs to learn more about how the financial services industry can leverage customer insight, data and algorithms to create efficient and user-friendly services for the customers of tomorrow.
“We will therefore contribute to ensuring that NTNU can offer a study programme that will meet the future competence needs of the financial services industry. The candidates will be working with specific research and innovation projects, acquiring new knowledge that can be used to develop innovative solutions that the industry needs. This is essential if we are to stay ahead and not fall behind in relation to new and international players,» he says.
Cooperation with Telenor
The bank will be working together with Telenor in order to make the most of the research on artificial intelligence, big data analytics and IoT.
Telenor also has a close cooperation with NTNU, and has already made major investments in a laboratory for artificial intelligence. The new positions, which are partially funded by DNB, will help establish an attractive environment for education, research and innovation, thus strengthening the ongoing research and innovation efforts in the Telenor-NTNU AI-Lab.
“We prepared the description of the PhD positions together with Telenor. In practice, these are research positions, and together with Telenor, we will make sure that the scientists get the best possible working conditions. We will, for example, give them access to anonymised data, and both DNB and Telenor will come up with real problems to be solved with AI/ML methods in cooperation with scientists and students in the lab.”
Figenschou believes that the positions will give the candidates an opportunity to be part of Norway’s most important research community within artificial intelligence, big data analytics and IoT.
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