Banking Bytes: KI und Quantencomputing in Finance #2

9 October 2024, in Frankfurt am Main

On the 9th October, ⭕️KI Park, in partnership with AXOVISION, Kipu Quantum, and KfW hosted the second Banking Bytes event by Thomas Kutschera & Matthias Kaiser on transformative potential of AI and Quantum Computing within the financial sector at KfW Innovation Hub in Frankfurt 📊

Our program director, Dr. Marc Karahan, launched the day with a keynote highlighting current AI trends and the advantages of an evolving tech ecosystem 🗣️Thorught the day ⭕️KI Park Members, researchers, leading banks and tech experts joined to discuss real-world applications and future impact of these cutting-edge technologies ⚙️

🔑 Here are some Key Takeaways:

🤖 The financial sector remains an early adopter of AI, with large banks actively exploring Quantum Computing proof of concepts.

🤖 Quantum innovation has to deliver on „bread and butter“ problems of financial institution first. This enhances the organizational experience and grows internal capabilities to pave the way for more disruptive quantum computing innovations.

🤖 Quantum technology is still evolving, with most solutions not yet meeting regulatory or SLA standards. However, focusing on foundational financial problems is essential for meaningful breakthroughs.

🤖 Financial institutions must build internal quantum capabilities now and can’t solely rely on AI to maintain their competitive edge.

🤖 Successful implementations will require problem owners to upskill in Quantum Computing, allowing them to spot new opportunities and drive practical applications.

Thanks to all speakers, including Johannes Tomasoni, Davide Corbelletto, Andrew Demchenko, for sharing their expertise, and to our Topic Table leaders for fostering insightful discussions 🤝 We look forward to further advancements and collaborations in AI and Quantum Computing! 🚀 🤩