Kai H. Kuljurgis

 $50 deepfake app just beat your bank's million-dollar security system. At #FIBE25, I asked Georg Hauer about AI in banking. He didn't sugarcoat it: "Criminals are and will use AI in banking." Last year proved him right: ↳ 1,740% surge in deepfake attacks on North American banks ↳ 85-95% success rate against biometric security ↳ 50% of all fraud now involves AI ↳ $670K extra cost per AI-enabled breach Think about that. Your face unlocks your banking app. Criminals clone it from your LinkedIn photo. Your voice authorizes transfers. They recreate it from your podcast interview. That video call verifying your identity? Could be anyone, anywhere. Traditional Bank Security: ↳ Biometrics assumed unfakeable ↳ Voice patterns seemed unique ↳ Video calls meant proof ↳ Multi-factor felt bulletproof Today's Reality: ↳ Deepfakes fool facial recognition ↳ Voice clones pass authentication ↳ Real-time video manipulation works ↳ Every layer compromised But here's what stopped me cold: While banks deploy AI defenses, their own employees use "shadow AI" — unauthorized ChatGPT for customer data. Creating vulnerabilities from inside. 80% of bank cybersecurity leaders can't keep pace. Criminals update their tools daily. Banks update quarterly. The speed difference kills them. Real Attacks Happening Now: ↳ Phishing emails you can't distinguish ↳ Your boss's voice asking for transfers ↳ Video meetings with fake executives ↳ AI bots harvesting credentials The Multiplication Effect: 1 successful deepfake = method shared globally 10 attacks = pattern automated 100 breaches = trust collapses At scale = banking changes forever Georg Hauer nailed it: Same AI making banking efficient makes fraud efficient. Technology doesn't pick sides. We're not debating AI in banking anymore. We're watching criminals win the race. Follow me, Dr. Martha Boeckenfeld for technology insights that matter now. ♻️ Share if your bank should move faster than criminals.

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Energized to present at SBOS Frankfurt 2025 on “Scaling AI in Banking: From Pilots to Impact.” A packed house, sharp questions, and a rich discussion reminded me just how pivotal this moment is for banking and financial services. We are at an inflection point: ·      AI and Generative AI are moving from pilots to enterprise-scale adoption. ·      Quantum Computing is on the horizon. ·      Technology-led reinvention is reshaping how banks deliver value, grow revenues, cut costs, manage risk, and reimagine operations. As productivity increases in every stage of the software development life cycle redefined by GenAI, the business model of the future comes into focus — one centered on customers, platforms, and ecosystems, with streamlined and optimized middle- and back-office operations. For banking leaders, three questions feel urgent: 1.    Are your strategies bold enough? 2.    Are you executing fast enough? 3.    Do you have the talent and partnerships to seize what’s next? The next 3–5 years promise extraordinary opportunities: better outcomes for clients, transformative growth for institutions, and exciting career paths for bankers. The future doesn’t just look bright — it’s arriving fast. 🌟 IBM Institute for Business Value Gemma Godfrey Paolo Sironi Robert Mercorella #GenerativeAI #ArtificialIntelligence #AIROI #FutureOfWork #BankingInnovation #DigitalTransformation #Leadership #FutureReady

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"ETH takes an equity stake in spin-offs, usually two percent." 👍 ETH Zürich now offers some of the best terms for spinoffs in Europe thanks to their new Equity and Licensing Policy. Very happy to have played a small part in this thanks to Vanessa Wood and Frank Floessel. 🇨🇭 Other European universities should take note. European deeptech would be much better off with universities creating less friction for spinoff founders, and a big way for them to create less friction is via offering healthier terms. https://lnkd.in/emdx87jp

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🚨 Germany’s New TP Weapon: The Transaction Matrix Germany just made it official: A detailed transaction matrix is now mandatory for all cross-border related-party transactions. And here’s the kicker: You get just 30 days to submit it post-audit notice. What’s in the matrix? 1. Nature of transaction 2. Parties (with functions) 3. Volume + price 4. Contract reference 5. TP method 6. Jurisdictions 7. Preferential regime flags It’s fast becoming a de facto global standard that is BEPS-aligned, audit-friendly, and brutally efficient. Done right, it’s more than compliance: ~ Audit defence ~ Internal consistency ~ Risk visibility We’ve started building these for clients. It’s revealing more than we expected. Started thinking about your matrix yet? Let’s talk! CA Sanjay Agarwal | CA Neha Agarwal | CA Vishal Thappa #tax #EU #ca #icai #tp

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Germany's Hightech Agenda has evolved from a draft to the cabinet-approved version with a new sub-objective referencing quantum software and applications. This is a welcome recognition of the importance of quantum software but it is equally important to recognize that this is only the start of a necessary mindset change to achieve technological leadership! After many meetings and personal discussions, one thing is clear: my concerns about the current strategies for quantum computing on a German and European level are not mine alone. There is a growing consensus that Germany and Europe are not putting enough strategic weight on quantum software. The Hightech-Agenda still subordinates software under a hardware effort, whereas the past years have shown that the two spheres are developing independent of each other.   #Software is where Europe has its greatest chance right now to achieve global technological leadership. Companies like Kipu Quantum, leading academics, industry heavyweights, and influential associations like Bitkom and QUTAC have been calling to strengthen this sector independantly of the (required) support for German and European quantum hardware providers.   With targeted investment it is entirely realistic to build a strategic lead in quantum software. In fact, I would argue this is one of the few areas where Europe can not only catch up but pull ahead.   That is why I welcome the fact that Bitkom has included some of our key proposals in their latest position paper: "𝘍𝘰𝘳 𝘲𝘶𝘢𝘯𝘵𝘶𝘮 𝘤𝘰𝘮𝘱𝘶𝘵𝘪𝘯𝘨, 𝘢 𝘴𝘰𝘧𝘵𝘸𝘢𝘳𝘦 𝘴𝘵𝘢𝘤𝘬 𝘪𝘴 𝘢 𝘤𝘦𝘯𝘵𝘳𝘢𝘭 𝘭𝘦𝘷𝘦𝘳 𝘧𝘰𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘪𝘢𝘭 𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘷𝘢𝘭𝘶𝘦 𝘤𝘳𝘦𝘢𝘵𝘪𝘰𝘯. 𝘈𝘭𝘨𝘰𝘳𝘪𝘵𝘩𝘮𝘴, 𝘵𝘰𝘰𝘭𝘴, 𝘢𝘯𝘥 𝘪𝘯𝘵𝘦𝘳𝘧𝘢𝘤𝘦𝘴 𝘧𝘰𝘳 𝘪𝘯𝘵𝘦𝘨𝘳𝘢𝘵𝘪𝘰𝘯 𝘪𝘯𝘵𝘰 𝘏𝘗𝘊 𝘢𝘯𝘥 𝘤𝘭𝘰𝘶𝘥 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵𝘴 𝘤𝘳𝘦𝘢𝘵𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘪𝘯𝘤𝘦𝘯𝘵𝘪𝘷𝘦𝘴 𝘢𝘯𝘥 𝘥𝘳𝘪𝘷𝘦 𝘩𝘢𝘳𝘥𝘸𝘢𝘳𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘪𝘯 𝘢 𝘵𝘢𝘳𝘨𝘦𝘵𝘦𝘥 𝘮𝘢𝘯𝘯𝘦𝘳. 𝘛𝘩𝘦 𝘧𝘦𝘥𝘦𝘳𝘢𝘭 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵 𝘴𝘩𝘰𝘶𝘭𝘥 𝘵𝘩𝘦𝘳𝘦𝘧𝘰𝘳𝘦 𝘧𝘰𝘤𝘶𝘴 𝘰𝘯 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘯𝘨 𝘴𝘰𝘧𝘵𝘸𝘢𝘳𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘢𝘯𝘤𝘩𝘰𝘳 𝘵𝘩𝘦 𝘢𝘭𝘪𝘨𝘯𝘮𝘦𝘯𝘵 𝘸𝘪𝘵𝘩 𝘳𝘦𝘢𝘭-𝘸𝘰𝘳𝘭𝘥 𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴."   However, position papers alone won’t change the trajectory, we know this and so my team and I will continue to push: meeting with members of Bundestag, Bundesregierung and European Commission, engaging with industry and academia, and encouraging all institutions that are ready to act.    We are ready to provide our input in this important discussion because we believe that taxpayers deserve to see a tangible return in the form of economic growth, innovation leadership, and real industrial capabilities.   Yes, it will be harder for journalists and photographers, as pictures of huge quantum systems and mysterious boxes are more visually striking than lines of code but we know exactly what needs to be done. Now we have to do it.

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