Artificial intelligence in the financial sector

It has been pleasure being guest author for the DIGIPRAKTIKER, Finanz Colloquium Heidelberg.

What role does the human factor play in times of exponential technological progress?

Author: Jochen Werne, Director Business Development, Product Management, Treasury and Payment Services at Bankhaus August Lenz & Co. AG

I. Introduction

The only constant in history was, is and remains change. Gutenberg’s invention of the printing press in 1450 was a milestone on the timeline of human development. Today we still take note of this invention, which was considered an innovation at that time, but we have long lived surrounded by smartphones and cloud applications, in which we can store the most private information and retrieve it from anywhere in the world. Today’s change is being driven by a veritable digital revolution.

Digital change already has fundamental consequences for individuals and their lifestyles, but it is developing its full potential when it comes to interacting with our social environment. In times of smart robotics and maturing systems in relation to artificial intelligence, the question arises again and again what role humans play on the stage of these technologies. Is he …

Read the full article by clicking here and being forwarded to the DigiPraktiker

Author Juliane Waack writes about J. Werne’s keynote on societal & business transformation

What’s next? Expedition into the digital spheres

25. JULY 2019 BY JULIANE WAACK – KEYNOTE BY Jochen Werne

Digital Expert Author Juliane Waack

For the opening keynote of our ec4u virtual conference Digital Thoughts on May 23rd, Jochen Werne, Director Marketing & Authorised Officer at Bankhaus August Lenz, talked about opening up to the digital transformation. It turns out, what we associate with technology and what it actually offers are often two completely different things.

Jochen Werne

„Companies and people need to participate actively in the transformation. We need to move. It’s impossible to be a passive participant in the transformation.“

J. Werne

READ THE FULL ARTICLE HERE

AI-WHITEPAPER: Work, Qualification and Human-Machine Interaction

The Working Group 2 “Future of Work and Human-Machine Interaction” of the German Platform for Artificial Intelligence “Platform Learning Systems” recently published its Whitepaper.

The working group focuses on human-centred design of the future working world and on human-machine interaction issues (HMI). At the same time the working group serves as the interface between HMI and the area of Manufacturing and Industrie 4.0.

It’s an inspiring honour being member of this body of experts.

Download the Whitepaper here

AI-supported scenarios will be found in almost every industry in future. However, their degree of benefit varies greatly depending on the current state of technology, the scenario and the customer’s acceptance. In addition to valid B2B industry applications, AI-based chatbot solutions are for example currently reaching market maturity. A project using AI-technology must therefore take into account the respective use-case context and framework conditions.

Jochen Werne, Bankhaus August Lenz & Co. AG

About this Whitepaper

This paper was prepared by the Working Group Work/Qualification, Human-Machine Interaction of the Learning Systems Platform. As one of a total of seven working groups, it investigates the potentials and challenges arising from the use of artificial intelligence in the world of work and life. The focus is on questions of transformation and the development of humane working conditions. It also examines the requirements and options for qualification and lifelong learning, as well as starting points for shaping human-machine interaction and the division of labour between humans and technology.

The Working Group is lead by:

Prof. Dr. Elisabeth André, Universität Augsburg
Prof. Dr.-Ing. Prof. e. h. Wilhelm Bauer, Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO und Universität Stuttgart

Members of the Working Group are:

Prof. Dr. Lars Adolph, Bundesanstalt für Arbeitsschutz und Arbeitsmedizin (BAuA)Prof. Dr.-Ing. Jan C. Aurich, TU Kaiserslautern
Vanessa Barth, IG Metall
Klaus Bauer, TRUMPF Werkzeugmaschinen GmbH + Co. KGNadine Bender, KUKA Deutschland GmbH
Prof. Dr. Angelika Bullinger-Hoffmann, TU Chemnitz
Prof. Dr.-Ing. Barbara Deml, Karlsruher Institut für Technologie (KIT)
Prof. Dr. Prof. h.c. Andreas Dengel, TU Kaiserslautern und
Deutsches Forschungszentrum für Künstliche Intelligenz (DFKI) GmbH
Dr. Jan-Henning Fabian, ABB AG
Prof. Dr.-Ing. Sami Haddadin, Munich School of Robotics and Machine Intelligence,
TU München
Prof. Dr. Michael Heister, Bundesinstitut für Berufsbildung (BIBB)
Dr. Norbert Huchler, Institut für Sozialwissenschaftliche Forschung e.V. (ISF-München)Dr. Nadine Müller, Vereinte Dienstleistungsgewerkschaft (ver.di)
Dr. Rahild Neuburger, Ludwig-Maximilians-Universität München
Prof. Dr.-Ing. Annika Raatz, Leibniz Universität Hannover
Prof. Dr.-Ing. Jürgen Roßmann, Rheinisch-Westfälische Technische Hochschule AachenProf. Dr. Christoph M. Schmidt, RWI – Leibniz-Institut für Wirtschaftsforschung und Ruhr-Universität Bochum
Prof. Dr. Jochen Steil, TU Braunschweig
Andrea Stich, Infineon Technologies AG
Oliver Suchy, Deutscher Gewerkschaftsbund (DGB)
Prof. Dr.-Ing. Sascha Stowasser, Institut für angewandte Arbeitswissenschaft (ifaa)
Dr. Hans-Jörg Vögel, BMW Group
Dr. Bernd Welz, SAP SE
Jochen Werne, Bankhaus August Lenz & Co. AG

The Working Group is supported by:

Dr. Chi-Tai Dang, Universität Augsburg
Dr. Andreas Heindl, Geschäftsstelle der Plattform Lernende Systeme
Dr.-Ing. Matthias Peissner, Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAODr. Anke Soemer, Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e.V.

Event: The Future of Banking – Diplomatic Council Breakfast Talk with Jochen Werne

THE EVENT

The speaker this morning is Jochen Werne, a graduate banking and marketing specialist. As director and authorized signatory, he is responsible for private banking and corporate banking at Bankhaus August Lenz & Co. AG in Munich.  He is guest lecturer at universities and colleges, keynote speaker at banking and innovation conferences, author and co-author of books and articles on leadership, innovation, KI, FinTechs, Cyber Security and much more. He is a member of the platform for artificial intelligence “Learning Systems” initiated by the Federal Ministry of Education and Research and advising the German Federal Government as well as of the Royal Institute of International Affairs Chatham House, ambassador of the Peter Tamm sen. foundation and is listed by Focus-Magazin as one of the AI experts in Germany. He is the founder of the Global Offshore Sailing Team GOST and co-founder of the NGO Mission4Peace, which is dedicated to historical research, building international diplomatic relations and promoting international dialogue.

The participants will also get to know the Diplomatic Council (DC) this morning. It combines a global think tank, a business network and a charity foundation in a unique organization with consultative status at the United Nations. Stephanie Stoerk, Chapter Director DC Stuttgart, explains what distinguishes the Diplomatic Council from all other networks and what advantages it offers its members.

Breakfast is open from 8:30 am. At 9:00 a.m. we start our official program (whoever comes earlier has time to eat in peace), which lasts until 10:30 a.m. (including questions and answers). In between there is always the possibility to eat from the rich breakfast buffet.

Translated with www.DeepL.com/Translator

PROGRAMM

Der Redner an diesem Morgen ist der diplomierte Banking- und Marketing-Spezialist Jochen Werne. Er verantwortet als Direktor und Prokurist das Private Banking sowie den Corporate Banking Bereich bei der Bankhaus August Lenz & Co. AG in München.  Er ist Gastdozent an Universitäten und Hochschulen, Keynote Speaker auf Banking- und Innovationskonferenzen, sowie Autor und Co-Autor von Büchern und Artikeln zu Leadership, Innovation, KI, FinTechs, Cyber Security u. v. m. Er ist u. a. Mitglied der vom Bundesministerium für Bildung und Forschung initiierten und die deutsche Bundesregierung beratende Plattform für Künstliche Intelligenz „Lernende Systeme“ sowie des Royal Institute of International Affairs Chatham House, Botschafter der Peter Tamm sen. Stiftung und wird vom Focus-Magazin als einer der KI-Experten in Deutschland geführt. Er ist Gründer des Global Offshore Sailing Teams GOST und Co-Founder der NGO Mission4Peace, die sich der historischen Forschung, dem Aufbau internationaler, diplomatischer Beziehungen sowie der Förderung eines internationalen Dialogs widmet.

Darüber hinaus lernen die Teilnehmer an diesem Morgen das Diplomatic Council (DC) kennen. Es verknüpft einen globalen Think Tank, ein Business Network und eine Charity Foundation in einer einzigartigen Organisation mit Beraterstatus bei den Vereinten Nationen. Stephanie Stoerk, Chapter Director DC Stuttgart, informiert, was das Diplomatic Council von allen anderen Netzwerken unterscheidet und welche Vorteile sich daraus für die Mitglieder ergeben.

Das Frühstück ist ab 8:30 Uhr geöffnet. Um 9:00 Uhr starten wir unser offizielles Programm (wer früher kommt, hat also Zeit, in Ruhe zu essen), das bis 10:30 Uhr andauert (inklusive Fragen und Antworten). Es besteht zwischendurch jederzeit die Möglichkeit, sich vom reichhaltigen Frühstücksbuffet zu versorgen

Video: Full ec4u digital thoughts Conference Keynote: What’s next? Expeditions into the digital realm

Jochen Werne, Director Marketing & Business Development at Bankhaus August Lenz, explains in his keynote address how we can shape the future from the innovations and topics of the past and why digitization must be thought of not only technologically but also culturally.

ec4u Digital Thoughts Conference Keynote

Jochen Werne, Direktor Marketing & Business Development beim Bankhaus August Lenz, erläutert in seiner Keynote, wie wir aus den Innovationen und Themen der Vergangenheit in der Gegenwart die Zukunft gestalten können und warum Digitalisierung nicht nur technologisch, sondern auch kulturell gedacht werden muss.

Hot of the press in “bank und markt 06/19”: Opportunities and risks of AI for the financial sector

Artificial intelligence is the new buzz word of the financial industry, says Jochen Werne. In view of the rapid pace of technological development it is becoming a source of hope for the banks – and rightly so, writes the author. After all, banks have an enormous amount of data at their disposal. Despite all the digitalisation and areas of application of AI, Werne sees the chance for a renaissance of consulting as a link between people and the technical world. Red. Bank und Markt

Read the full article in the new June 2019 edition of BANK und MARKT here

Chancen und Risiken von KI für die Finanzbranche

German: Künstliche Intelligenz ist das neue Buzz-Wort der Finanzbranche, sagt Jochen Werne. Angesichts der rasanten technologischen Entwicklung wird sie zum Hoffnungsträger für die Banken – zu Recht, meint der Autor. Schließlich verfügen Banken über einen enormen Datenschatz. Trotz aller Digitalisierung und Einsatzbereiche von KI sieht Werne jedoch die Chance auf eine Renaissance der Beratung als Bindeglied zwischen Mensch und technisierter Welt. Red.

AI, Society, Sailing, Passion & more – on camera with Sascha Adam (Part 1)

Jochen Werne is full-time Director & Authorized Officer for Bankhaus August Lenz & Co. AG of the Mediolanum Banking Group and is responsible for Business Development, Marketing, Product Management, Treasury & B2B Payment Services. In addition, he is involved in the development of non-profit organizations and a member of the Learning Systems Platform of the Federal Ministry of Education and Research.

The initiative www.wegofive.net addresses the question of how a unit of man and machine can be created in the working world of tomorrow and how algorithms can be seamlessly integrated into the organization in order to supplement the capabilities of employees.

In this first, introductory part of our interview Jochen gives us an insight into what has changed for him in the last decades – and he finds out that “Hamburg is probably the most beautiful city in Germany” 😉

As an independent interim manager, profile and team coach, Sascha Adam supports people, decision-makers and companies in actively shaping digital change.

More at www.wegofive.net/mission/about or www.sascha-adam.net.

Many thanks to the coast by east Hamburg in the Hafencity Hamburg for the permission to film here. A very recommendable location with obliging service, extraordinary menu and good drinks. Apropos, the background noises also give you the feeling of sitting directly with us 😉

German original

Jochen Werne ist hauptberuflich Director & Authorized Officer für das Bankhaus August Lenz & Co. AG der Mediolanum Banking Group und verantwortet dort die Bereiche Business Development, Marketing, Product Management, Treasury & B2B Payment Services. Darüberhinaus ist er am Aufbau gemeinnütziger Organisationen beteiligt und Mitglied der Plattform Lernende Systeme des Bundesministerium für Bildung und Forschung. Die Initiative www.wegofive.net geht der Frage nach wie in der Arbeitswelt von morgen eine Einheit aus Mensch & Maschine geschaffen werden kann und sich Algorithmen nahtlos in die Organisation integrieren, um die Fähigkeiten der Mitarbeiter zu ergänzen. In diesem ersten, einleitenden Teil unseres Interviews gibt uns Jochen einen Einblick was sich in den letzten Jahrzehnten für ihn verändert hat – und stellen fest, dass “Hamburg die wahrscheinlich schönste Stadt in Deutschland ist” 😉 Sascha Adam unterstützt als selbstständiger Interimsmanager, Profile- und Team-Coach Menschen, Entscheider und Unternehmen dabei den digitalen Wandel aktiv zu gestalten. Mehr unter www.wegofive.net/mission/about oder www.sascha-adam.net. Ganz herzlichen Dank an das coast by east Hamburg in der Hafencity Hamburg für die Genehmigung hier filmen zu dürfen. Eine sehr zu empfehlende Location mit zuvorkommender Bedienung, außergewöhnlicher Speisekarte und guten Drinks. Apropos, die Hintergrundgeräusche geben einem auch gleich das Gefühl direkt bei uns zu sitzen 😉

Video Comment #vflmkk: Wie steht es heute um die Kundenbeziehung?

Der Messekongress Kundenmanagement ist der IMPULSGEBER für ein erfolgreiches Zusammenspiel aller Kundenschnittstellen.Der Messekongress Kundenmanagement bietet Ihnen eine Bühne des fachlichen Austauschs rund um das “ganzheitliche Kundenmanagement von morgen”.

The trade fair congress “Customer Management” is giving IMPULSES for a successful interaction of all customer interfaces. The trade fair congress “Customer Management” offers you a stage for professional exchange around the “holistic customer management of tomorrow”.

Keynote announcement: International Banking Innovation Forum, Vienna

Banking Professionals are faced with many new challenges as PSD2 & Instant Payments in Europe at center stage which are driving automation and Innovations. It will be a great pleasure representing Bankhaus August Lenz with a keynote on the importance of the combination of all aspects of HUMAN, DIGITAL & CULTURE to create valuable business models for future banking. Looking forward joining other Top Industry Experts to tackle these topics with them.

Recorded: EIC19 keynote. The impacts of artificial intelligence on business and society. Disruption or just progress?

It has been greatly inspiring giving a keynote on the impacts of AI on business and society and to discuss with some of the 800 thought leaders, leading vendors, analysts, visionaries and executives at the highly recognised Kuppinger Cole European Identity & Cloud Conference 2019.

Jochen Werne

Find more inspiring keynotes from the #EIC19 here

Impressions