RP CEO Participates in Artificial Intelligence Meeting Hosted by the American Institute for Contemporary German Studies in Washington, D.C.
Philadelphia, PA | January 2019 – On January 31, 2019 a select panel of experts convened to discuss “Artificial Intelligence, the Financial Sector, and Risk Management.” The group included Jonathan H. Spadt, CEO of RatnerPrestia and Dr. Marcus Chromik, Chief Risk Officer of Commerzbank as well as other members of the American Institute for Contemporary German Studies (AICGS).
Dr. Chromik leads Commerzbank’s activities in big data and advanced analytics, in addition to his responsibilities for credit and market risk management. He joined Commerzbank in 2009, where he is a member of the Board of Managing Directors. Spadt’s interest in this area was captured in a recent statement: “[d]igital finance innovation increasingly supports efficiencies driving investment. Interest in AI and its role in fintech is reaching new levels, especially in transatlantic markets, as seen by recent EU initiatives to establish a regulatory framework that, in its words, “balances competition and innovation while preserving financial stability and investor protection.” What this ultimately means for transatlantic investment strategies and regulations remains to be seen. But you can bet that IP and competition law will increasingly impact regulatory policy in this emerging field.”
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