Deutsche Bank's Sabih Behzad on How to Prepare for the Digital and Tokenized Future of Banking

In the first episode of Chief Digital Heroes, recorded at Sibos, Matthew speaks with Sabih Behzad, Head of Digital Assets & Currencies Transformation, MD at Deutsche Bank. They discuss why Deutsche Bank is betting on a tokenized economy in the future and how they're taking action today with digitizing assets. They also talk about why digital transformation is a journey, how AI will bring value to processes and customers, and why technology is a differentiating factor in the industry.

 

Topics discussed:

 

• What new projects Deutsche Bank has launched around digitizing assets, bringing financial assets on chain, and tokenization.
• The difference between digital assets and currency, and why Deutsche Bank is looking to a tokenized economy in the future.
• The pros and cons of both public and private blockchains and how banks can go about considering both.
• Advice for those early in their career, including why you should specialize and the value of working on your people skills.
• Why digital transformation is a journey of continuous improvement, and where Deutsche Bank is on that journey.
• How AI will bring value to banks not only by improving manual processes but by being the foundation of new business models.
• Why technology — and a workforce with technical skills — will be the differentiator that sets great banks apart.