Dr. Udo Milkau

Dr. Udo Milkau

CDO, Transaction Banking, DZ Bank


Dr. Udo Milkau is Chief Digital Officer, Transaction Banking of DZ BANK, central bank of the co-oprerative banking sector in Germany. The primary focus of his responsibility is the 'digital transformation journey' of DZ BANK's transaction banking, which includes payment services, card services, securities transaction services and processing of derivatives.

After his academic education in physics he worked as a research scientist in large collaborations and performed experiments at different European research centers incl. CERN, CEA de Saclay, and GSI. Afterwards he joint a mechatronic manufacturer and was responsible for automotive clients in East Asia and Europe. He hold different management positions in consulting firms for more than a decade. He is chairman of the European Association of Co-operative Banks (EACB) Digital and Data Working Group, member of the EACB Payment Services Working Group and member of the European Central Bank's Operation Managers Group (ECB OMG).

He talked at international conferences and authored papers on payments strategy, transaction banking, operational risk management and risk culture, development of digital platforms and distributed ledger technology. He lectured i.a. at Goethe University Frankfurt am Main, Frankfurt School of Finance and Management and WHU – Otto Beisheim School of Management (Vallendar). He is a member of the editorial board of the Journal of Digital Banking.