Artificial intelligence, blockchain and the digital euro are fundamentally transforming the financial sector. Banks, businesses and central banks must prepare for the fact that new technologies are not only changing individual processes, but also the structures and business models of the financial sector as a whole.
We recently had the opportunity to speak with Prof. Dr Joachim Wuermeling about current developments in finance and how new technologies are transforming banks, businesses and the payments sector.
As a former member of the Executive Board of the Deutsche Bundesbank, as well as through his experience in politics and regulation, and in his current role as a lawyer and member of various supervisory and advisory boards, he is deeply involved in the future of the financial sector.
Artificial Intelligence is transforming banks and financial markets
AI is already being used in various areas of the financial sector. At the same time, the technology is evolving at a rapid pace. In this interview, Joachim Wuermeling assesses the new opportunities this creates and how artificial intelligence could transform banks and financial markets in the long term.
The digital euro and the future of money
The digital euro could bring another fundamental change. Joachim Wuermeling explains the idea behind a digital form of central bank money, the potential benefits it offers, and how it could transform payment transactions. Blockchain, cryptocurrencies and new digital payment methods are also part of this development. In the video, Wuermeling explains how these technologies fit into the bigger picture and what role banks, businesses and central banks might play in the future.
Technology Meets Geopolitical Uncertainty
Alongside technological change, companies must contend with growing geopolitical risks. For Joachim Wuermeling, both developments are among the key challenges facing decision-makers. In this interview, he explained how companies can examine and assess geopolitical risks more systematically and incorporate them into their decision-making.
In his keynotes Joachim Wuermeling brings together two developments that will affect companies in the coming years: the digitalisation of finance and an increasingly uncertain geopolitical environment.
