Bundesverband Alternative Investments e.V. (BAI)
Burkhard Balz, Member of the Executive Board, Deutsche Bundesbank, kicked off the event with his keynote speech, 'The Digital Euro and its impact on the financial and real economy.’' Regarding the current dependence on American financial companies in payment transactions, Balz emphasized that the digital euro could provide a remedy and promote independence. Another advantage is that the digital euro would allow 350 million people in Europe to pay conveniently and quickly with the same provider in all life situations. However, the digital euro would have to be considered a legal tender to achieve this. Its introduction is not expected before the end of 2028. Balz reported on the current status of the preparatory work: 'The Eurosystem is therefore working on two important elements for the digital ecosystem of the future with the digital euro for everyday payments and the discussion of new forms of central bank money for banks and other financial institutions ("wholesale CBDC"). This would offer the central banks, the financial industry, and citizens immense potential to strengthen Europe's competitiveness.'
Practice-oriented presentations and panel discussions on electronic fund units and programmable financial instruments, Risk Management of Crypto Assets, the digital placement of securities, and various possible applications of AI in the fund industry followed this. Another highlight was the keynote speech by Prof Dr Isabell Welpe (TUM), who spoke about innovative trends in Asset Management. 'Technological integration is the key to the future of Asset Management,' she added: 'The use of augmented reality (AR) for real-time financial data visualization gives investors an intuitive way to monitor their portfolios and make decisions.' Welpe also presented the revolutionary possibilities of blockchain-based Tokenization of assets and discussed virtual investment advisors that use empathy algorithms. These AI advisors could respond to the emotional and personal needs of investors and offer customized advice. Frank Dornseifer, Managing Director of the BAI, summarised the event as follows: ‘The Asset Management industry is also moving between disruption and evolution in the areas of Digitalization and Artificial Intelligence. Both technology trends have immense potential and, above all, are irreversible. The differences in adaptation in our industry are enormous. This is precisely why we are organizing the BAI InnovationDay for the fourth time: not only to inform members and the industry but also to actively and jointly help shape these developments. This is also why we will continue to intensify our activities in these areas. The BAI InnovationDay 2024 impressively demonstrated that the industry is well on the way to finding new paths for growth and innovation through digital transformation.’ Further information and photos of the BAI InnovationDay can be found here: https://www.bvai.de/en/events/bai-innovationsday
Press contact:
Bundesverband Alternative Investments e.V. (BAI)
Frank Dornseifer
Managing Director
Poppelsdorfer Allee 106
53115 Bonn
Tel.: +49 (0)228-96987-50
dornseifer@bvai.de
www.bvai.de
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