In this guest talk, Max Sommerfeld, a Lead Data Scientist at Deutsche Bank, will explain, why he sees generative AI (genAI) as a huge opportunity for the banking industry and the banking industry in turn as the ideal place to apply generative AI. To this end, he will present established and emerging use-cases of generative AI in banking. In addition, Max Sommerfeld will discuss the technical challenges and how to solve them as well as regulatory challenges and the resulting question of how generative AI in banking can be made safe and trustworthy.
About Max Sommerfeld
Max Sommerfeld is a mathematician by training and started his career in academic research on mathematical statistics. For the last six years, he has been working in the banking sector, applying data science, machine learning and AI. Currently, he is a Lead Data Scientist at Deutsche Bank, working on creating a platform for genAI bots.
Deutsche Bank TDI
Technology plays a critical role in Deutsche Bank's transformation. To ensure Deutsche Bank will deploy technology and digital solutions in a substantially more comprehensive manner across the bank, Technology, Data and Innovation (TDI) has been established as one technology division for the bank, driving an integrated IT, data, and security agenda across the bank. The function is responsible for implementing the bank’s technology strategy focused on strengthening engineering expertise, introducing an agile delivery model, reducing administrative overheads, de-coupling assets within Deutsche Bank’s IT estate for faster, cheaper deployment, as well as modernizing the bank’s IT infrastructure with long-term investments and benefiting from cloud computing.
