AI strategy in the financial sector: Forward-looking innovations for sustainable success
Artificial intelligence (AI) is developing rapidly and has the potential to fundamentally change the banking industry.
The first step for institutions that want to make optimal use of AI and exploit the potential of this future technology is a well-thought-out AI strategy. It must go beyond identifying promising use cases and include sound advice on designing new business and pricing models and selecting the optimal technological platforms.
With our expertise and market knowledge in banking, we support you in analyzing internal and external factors such as regulation and governance and implementing effective process and change management strategies. Together, we lay the foundations for your long-term success in a dynamic market environment.
Discover how a tailored AI strategy can lead your financial institution into the future. Let our experts advise you and learn how you can use AI to develop innovative business models and ensure sustainable success.
Jens Heilmann - Head of Artificial Intelligence, msg for banking ag
A well-developed AI strategy in banking is crucial to ensuring the survival of banks in a dynamic market environment. With our in-depth expertise in regulatory affairs and technical consulting, we support banks in securing long-term success through AI-supported process optimization.
Prof. Dr. Dirk Schieborn - Head of Artificial Intelligence and Data Analytics Hub, msg for banking ag
Through our close collaboration with leading universities, we integrate the latest research findings on artificial intelligence directly into our financial projects. This allows us to optimally combine theory and practice and offer our customers innovative and sound solutions.
Our range of services for your institution: From inventory analysis to customized AI strategy
Analysis of the IT landscape and assessment of AI readiness
Resilient IT services do not happen overnight. They are preceded by strategic decisions regarding the technologies to be used, the infrastructure to be provided, team structures, and much more. Together with your management and specialist departments, we identify the next steps to achieve AI readiness in your company.
Strategic overview of opportunities, risks, and trends in the market
Innovation hubs and digitization workshops have produced many conceivable AI use cases. But which applications effectively save time and money? Work with our consultants to cut through the hype and gain insight into the experience gained from numerous msg for banking consulting projects in the field of AI.
Regulatory advice on GDPR, EU AI Act, DORA, BAIT, etc.
Compliance with applicable regulations remains a basic requirement for any innovation—and this also applies to artificial intelligence. Benefit from the regulatory industry expertise of our consultants, who will show you the scope within which AI is possible and where it is not. In cooperation with your bank's Chief Risk Office, the regulatory guidelines for AI are first disclosed and, based on these, your development processes are reviewed.
Deep dive with technical departments on the necessary prerequisites for using AI
The strategy is in place, the use case has been selected, but the project is stalling? (Gen)AI applications require a special iterative development process and technical experience. Save yourself unnecessary detours and delays by supporting AI development in your company with the help of our experienced consultants.
Individual consulting for bank-compliant cloud solutions in the field of (gen)AI
GenAI applications in particular are highly dependent on the cloud in order to operate flexibly and cost-effectively. The prerequisite for this is a regulatory-compliant cloud strategy that also lays the foundation for the use of generative AI. We bring AI and the cloud together by combining regulatory and technical expertise.
Change management for the introduction and establishment of AI services
You want to involve your specialist department in optimizing existing processes with the help of AI. We support you with our experience in process analysis and change management.
We are banking experts with a high level of industry expertise and in-depth knowledge of artificial intelligence.
Our AI consulting services focus on:
- Regulatory requirements
- Opportunities, risks, and trends
- Security and compliance
- Bank-compliant cloud solutions
Current articles on the topic of artificial intelligence on Banking.Vision
Artificial Intelligence (AI)
Discover the future of banking: AI technologies are revolutionizing the industry. From personalized recommendations to fraud detection, learn how artificial intelligence is making financial services more secure, efficient, and customer-centric. Immerse yourself in the world of innovation and experience banking like never before.
Our AI experts
Our specialised AI experts have the answers to your questions.
heads the Artificial Intelligence division at msg for banking and advises clients on process digitization and artificial intelligence in the financial sector.
Prof. Dr. Dirk Schieborn
Head of Artificial Intelligence and Data Analytics Hub
is an AI expert at msg for banking and holds a professorship in data science and mathematics at the ESB Business School at Reutlingen University.
is responsible for the design and development of an AI product portfolio at msg for banking, manages AI and process management projects, and advises customers on AI-supported digitization of their processes.
is an economist and savings bank business administrator and is responsible for sales in the Digital Transformation division at msg for banking.