Smarter, faster…riskier? Bringing AI into banking.

Artificial intelligence is reshaping the world of risk management - transforming how banks assess information, detect threats and serve clients. But if you're trying to manage your bank's risk, it has some clear downsides as well as upsides. In this episode of This is Deutsche Bank, Marcus Chromik, Chief Risk Officer and Management Board member, speaks to host Michael Steen about why he thinks AI is set to change the risk function more profoundly than past crises and where the human fits into all of it. 01:17 – What being a Chief Risk Officer entails and how AI is transforming the risk function06:08 – How we are using AI at Deutsche Bank, such as in credit analysis, and what this shift means for recruitment and the skillsets needed to work in banking13:49 – How to handle the risks that we see from AI in banking and the importance of keeping the human in the loop18:54 – Fostering the right risk culture in the AI era and what the divergences in the regulatory approaches across the globe mean for AI use in a global bank.22:12 – What Marcus is dedicated to in his daily lifeDeutsche Bank website http://www.db.com