Chief Model Risk Officer at Virgin Money ✧ Former Director, HSBC ✧ International Award-winning Author ✧ Founding Trustee, Friends of Salaam Baalak Trust (UK) ✧ Double Masters in Mathematics
I had a great day out today attending the #RiskLiveEurope conference covering GenAI evolution, Basel 3.1 and FRTB implementation journey and digital transformation. It was great connecting with some old friends from HSBC. And followed this with a sumptuous Indian dinner, lovely company and a great conversation!
#daywellspent
Announcing the FSI & AI Hong Kong Summit: Optimizing the Future Responsibly
The Financial Service Industry is an early adapter with AI. Early use cases have been deployed in numerous cases including customer experience, fraud detection, investment selection, KYC, onboarding, personalization, security, GRC, credit and underwriting decisioning and ESG.
Nonetheless, trust, ethics, compliance, governance, and scaling at speed remain challenging to AI and Data leaders in FSI. With fairness and privacy under scrutiny, AI models must be robust, explainable, and validated.
The FSI & AI Hong Kong Summit aims to provide a platform for AI & Data leaders in the Banking, Financial Services, and Insurance industries to explore the AI Future. The Summit, which will feature a blend of insightful presentations and panel discussions, aims to accelerate AI adoption responsibly to maximize business impacts securely in a heavily regulated environment.
Register: https://lnkd.in/edETpVRv
Date: 10 July 2024
Venue: Hong Kong
#CDOTrends#FSI#AI#HongKong#Summit#Finance#Banking#Banks#Investment#GRC#Credit#ESG#Ethics#Compliance#Governance#Data#Leaders#businessAllan SongStandard CharteredEfstratios Tsougenis, PhDPrudential FinancialIsaac KongDBS BankLauren HurcombeDLA PiperNailesh ShahCitiRicky LeungUBS
I am looking forward to the upcoming discussion on AI solutions in the financial sector with panelists from both the public and private sectors here in Malaysia.
Asian Institute of Chartered Bankers
Asian Institute of Chartered Bankers
21,568 followers
21,568 followers
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While there are many benefits associated with leveraging AI to streamline operations, enhance customer experiences, and mitigate risks, this practice must go hand-in-hand with measures to safeguard consumer
While there are many benefits associated with leveraging AI to streamline operations, enhance customer experiences, and mitigate risks, this practice must go hand-in-hand with measures to safeguard consumer rights, ensure algorithmic transparency, and promote responsible AI practices across the financial ecosystem.
In the Let's Chat session at MBC 2024, moderator Fangfang Jiang, Regional Lead for Digital Financial Service, of IFC - International Finance Corporation, will be speaking to:
🔹 Ian Lee Wei Xiung, Deputy Director, Financial Development and Innovation Department, Bank Negara Malaysia
🔹 Mei Ling Soo, Chief Information Officer, HSBC Malaysia, and
🔹 Dr. Wong Huei Ching, Executive Director, Digital Strategy & Innovation, Securities Commission Malaysia
on improving governance and regulatory oversight following the growing adoption of AI technologies across the banking and financial services sector.
Find out more about #MBC2024 and register now: https://lnkd.in/dJc8vbzT#MBC2024 is STF and HRD Corp Claimable for the masterclass and conference.
#MBC2024#MalaysianBankingConference2024
I am looking forward to the upcoming discussion on AI solutions in the financial sector with panelists from both the public and private sectors here in Malaysia.
Asian Institute of Chartered Bankers
Asian Institute of Chartered Bankers
21,568 followers
21,568 followers
1d • Edited •
1 day ago
Follow
While there are many benefits associated with leveraging AI to streamline operations, enhance customer experiences, and mitigate risks, this practice must go hand-in-hand with measures to safeguard consumer
While there are many benefits associated with leveraging AI to streamline operations, enhance customer experiences, and mitigate risks, this practice must go hand-in-hand with measures to safeguard consumer rights, ensure algorithmic transparency, and promote responsible AI practices across the financial ecosystem.
In the Let's Chat session at MBC 2024, moderator Fangfang Jiang, Regional Lead for Digital Financial Service, of IFC - International Finance Corporation, will be speaking to:
🔹 Ian Lee Wei Xiung, Deputy Director, Financial Development and Innovation Department, Bank Negara Malaysia
🔹 Mei Ling Soo, Chief Information Officer, HSBC Malaysia, and
🔹 Dr. Wong Huei Ching, Executive Director, Digital Strategy & Innovation, Securities Commission Malaysia
on improving governance and regulatory oversight following the growing adoption of AI technologies across the banking and financial services sector.
Find out more about #MBC2024 and register now: https://lnkd.in/dJc8vbzT#MBC2024 is STF and HRD Corp Claimable for the masterclass and conference.
#MBC2024#MalaysianBankingConference2024
Just hosted an event for a group of our corporate clients at DBS Asia X (our innovation hub). Event was to share DBS Bank's journey in transforming our business and the way we work using AI.
"X" is the X factor. "X" is also the multiplier of innovation. And "X" is like DBS' logo - the spark that ignites our imagination.
The event was a blast.
Shared that our aspirations of becoming an AI-fuelled bank are premised on our DataFIRST programme:
⭐️ F uture-proofing our business and people
⭐️ I nsights-driven from data
⭐️ R esponsible use of data
⭐️ S ingle source of truth
⭐️ T ools and talents for a data-driven operating model
In turn, we achieve these with 3 things:
✅ ADA - our data platform that serves as a single source of truth
✅ ALAN - our protocol of using data and AI/ ML models
✅ Data Chapter - our community of data professionals
At the event, met some members of the GSTAR team (including the Data Chapter scientists) who contributed to the progress and outcomes of this journey.
Thank you guys for your commitment and dedication over the years, not forgetting the pioneers who laid a solid foundation for us!
Look forward to further co-creating transformative customer journeys with our clients and partners. Trust your spark!
#dbsbank#ai#genai#datascience#transformation#innovation#customerjourney#trustyourspark
Thanks to Evident for including me as part of such an esteemed panel alongside Alexandra Mousavizadeh and Chintan Mehta - you guys rock.
It was a thoroughly engaging discussion on harnessing the power of Artificial Intelligence to drive responsible innovation. From optimising customer experience, to mitigating risk, to creating new revenue streams, it’s clear that AI is a transformational in financial services.
What stood out from the discussions was the commitment to not only invest in technology and advanced research, but also in building the necessary ecosystems-comprising talent, culture and partnership-to foster innovation as the leading edge of production-grade applications where value can be realized at scale.
Thank you so much to everyone who joined us yesterday at our roundtable: Accelerating Outcome: how are banks driving AI innovation?
It was fantastic to see such a large and engaged turnout.
Thanks also to our speakers Chintan Mehta, Group CIO, Wells Fargo and Edward Achtner, Head of the Office of Applied AI, HSBC.
Highlights from the discussion included:
- HSBC’s “outcomes-led” approach to innovation, and the need to tailor the bank’s innovation strategy for different markets
- How Wells Fargo uses the “DVF” framework (Desirability; Viability; Feasibility) to evaluate use case opportunities
- The latest data from our Innovation Report, covering AI research, patents and ventures activity across the banks
In case you missed it, watch the full recording here: https://lnkd.in/eJ4wrfm3
We host events throughout the year for the AI and banking community. Keep up-to-date with our upcoming events, subscribe to The Brief, our fortnightly newsletter covering the latest AI and banking news: https://lnkd.in/erMXJ9S5#evident#ai#artificialintelligence#banking#finance
Although this picture doesn't make it seem like we had a lively discussion, I promise you, we did!
It's been great to sit down with Edwin van Bommel to talk about how he went from playing around with a Phillips M6 computer, to establishing Digital McKinsey to becoming the Chief Strategy & Innovation Officer at ABN AMRO Bank N.V., and how he is now using genAI to enhance the customer experience for the bank.
Listen to the full episode here: https://lnkd.in/egH9zTdz
Award Winning Data, Automation, AI Industry Leader | Global Team Lead of 150+ | Public Speaker | Thought Leader
2moThat's a fantastic restaurant too :)