MICHAEL SPITZ Profile

摘要

In September 2016, Commerzbank launched its digital strategy 'Commerzbank 4.0'. The German bank pledged €700m of investments in digitalisation and IT per year with the aim of digitalising 80% of relevant processes by the end of 2020 - effectively evolving into a digital enterprise. Three years earlier it had launched Main Incubator (MI), initially part of the corporate bank, or Mittelstandsbank, to promote and invest in fintech start-ups. But when Michael Spitz took over the role of CEO of MI in late 2017, the bank turned it into a research and development (R&D) unit to support the bank's transformation. "It's not just playing around in a sandbox, but about how MI can be part of constructing change within the bank," says Mr Spitz. MI is now housed within the digital transformation and strategy division under Joerg Hessenmueller, designated member of the bank's management board. "This move was vital because the implications of what we are doing for the whole bank are now more visible," adds Mr Spitz.