Deutsche Bank has invited concepts on how artificial intelligence can be used in the financial services industry. The selected entries will get chance to develop them at the bank’s innovation labs and win cash prizes. The bank wants finance disrupters and creative minds to submit their concepts on AI and how it can be adapted to banking. The entries should reach the bank by the of end June. The bank is working with brainstorming specialist jovoto for the initiative. The applications will be presented to top level management at Deutsche Bank and other key players in the financial industry. Then the teams with the best ideas will be invited to the bank’s innovation lab in Berlin to work on their concepts with experts during a three-day workshop. As an added incentive, a € 25000 prize pool will be split between 27, the bank said.
