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IBS Journal June 2016


17


Deutsche Bank invites AI ideas


Senior Editor Scott Thompson


Deutsche Bank is crowdstorming concepts which get to grips with the role of AI in the future of banking.


the possibility of these being developed at the German bank’s innovation labs. They could also win one of 27 cash prizes from a €25 000 pool.


I


With the likes of Google, Facebook and IBM assigning large parts of their Research and Development budgets to AI applications, Deutsche Bank is looking to be at the forefront of the technology’s application in the financial services sector. It is working with brainstorming specialist jovoto, and inviting “finance disrupters and creative minds” to submit their concepts on AI and how it can be adapted to banking by the end of June.


Christian Sewing, Head of Private & Business Clients at


t is inviting people to submit their ideas, with


Deutsche Bank, says: “It’s no longer about the digitalisation of the banking business, but about the future of banking in a digitalised world.”


Scott Thompson


IN BRIEF VocaLink has inked a five year deal with UnionPay International, which will enable the latter’s


cardholders to access ATMs in the UK and continental Europe. Wei Zhihong, General Manager of UnionPay International


Europe, says: “This partnership represents a significant milestone in our goal to increase access to UnionPay cards internationally. We believe there is a strong strategic fit between UnionPay International and VocaLink and we were impressed with VocaLink’s proven international track record as a transaction processor of cards as well as their demonstrated speed to market. UnionPay customers will benefit from secure, reliable and accessible ATM transactions in the UK and Europe.”


Scott Thompson


www.ibsintelligence.com


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