What’s Cooking in the Fintech-AI Kitchen?
– A Glimpse into the Future of AI and Fintech
Last week, we had the pleasure of attending the event “What’s Cooking in the Fintech-AI Kitchen?”, which offered exciting insights into the future of AI and Fintech. Organized by leaders in the fintech and tech spaces, the event attracted experts and visionaries who shared their perspectives on how AI can transform the small and medium-sized business sector.
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Experts and Visionaries: How AI Can Transform SMEs
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One of the event’s highlights was the contributions from prominent experts such as Oliver Fink, Dr. Florian Schütz, and Anna Fromme-Schoen, who demonstrated how AI can profoundly impact not only the finance sector but also SMEs across Germany. The discussion focused on the potential applications of AI that often remain underutilized. It became clear that while the technology itself is already in place, there is still a need for the right applications to make it accessible for small and medium-sized businesses.
In addition to these theoretical insights, practical use cases were showcased. Companies like Deep Neuron Lab, Holvi, and HeyLara shared firsthand how they are already applying AI in real-world scenarios to optimize processes, develop new business models, and transform existing structures.
The Challenges: Usability and Missing Applications
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A central theme throughout the discussion was the challenge of making AI accessible for broad use in SMEs. One frequently mentioned point was the lack of user-friendliness in many AI systems. This technical hurdle slows broader market expansion and prevents companies from fully realizing the potential of artificial intelligence.
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The experts emphasized that companies should not only rely on technology but also on collaboration and mutual support within the industry to implement AI effectively and successfully. Cooperation between technology providers and companies plays a critical role in developing innovative solutions that address the specific needs of SMEs.
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What’s Next? Quantum Computing and DeepTech
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The look into the future of AI was equally fascinating. Some experts discussed the next major developments set to revolutionize the fintech sector – particularly quantum computing. It was highlighted that AI is far from being just a hype. Rather, it is on the brink of driving profound changes across nearly all aspects of life.
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DeepTech, in particular, holds a key position in advancing AI further. This technology is expected to gain increasing importance over the coming years and could bring about fundamental changes in the financial sector.
Germany in Comparison: Still a Long Way to Go
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A look at the numbers showed that 31% of financial service providers in Germany are still not using AI, and over 50% cite lack of resources or know-how as major barriers. These figures underline that Germany has considerable potential to further integrate AI into the finance sector and beyond when compared to international standards.
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As part of the House of Finance & Tech Berlin, we are committed to promoting dialogue, sharing expertise, and driving innovation in the financial and technology sectors. Events like this are an important step in breaking down barriers and strengthening the exchange between tech providers and companies.
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Looking Ahead
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The event not only provided us with valuable insights into the current developments in AI and fintech, but also offered a clear perspective on the years ahead. The next big challenge will be making AI accessible and applicable for SMEs while harnessing the potential of DeepTech and quantum computing to further transform the financial world.
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We’re excited to see the next steps unfold and look forward to collaborating with partners and companies to work on innovative solutions that pave the way to an AI-driven future.
Best,
Goldie Tech