Max Sommerfeld, a Lead Data Scientist at Deutsche Bank, explains, 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 presents established and emerging use-cases of generative AI in banking. In addition, Max Sommerfeld discusses 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.
Date: April 22, 2024