[{id=166919172392, createdAt=1715265265448, updatedAt=1720138524559, path='agnd1082-tokenisation-artificial-intelligence-and-quantum-computing', name='Tokenisation, Artificial Intelligence, and Quantum Computing', 2='{type=string, value=Tokenisation, Artificial Intelligence, and Quantum Computing}', 3='{type=string, value=AGND1082}', 4='{type=number, value=1719912000000}', 5='{type=number, value=1719913200000}', 6='{type=option, value={id=2, name='Forum Stage', order=0, label='Forum Stage'}}', 7='{type=string, value=Tokenisation, Artificial Intelligence, and Quantum Computing Ravi Menon, Ambassador for Climate Action and Senior Adviser to the National Climate Change Secretariat, Singapore }', 8='{type=number, value=1}', 12='{type=string, value=
In today's ever-evolving financial landscape, the convergence of AI and Quantum computing stands as the driving force reshaping the FinTech horizon. This plenary address will explore how these dynamic forces intersect, innovate, and redefine the future of finance.
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Against the backdrop of AI's transformative capacity to elevate GDP and productivity, this session will delve into the imperative of ensuring bias-free algorithms and systems. Through real-world examples, this session will explore how ethics can safeguard against unintended consequences and foster trust in AI technologies, paving the way for a future where innovation is balanced with responsibility.
This keynote will be delivered Dr. Chowdhury - the US Science Envoy for Artificial Intelligence, Responsible AI Fellow at the Harvard Berkman Klein Center for Internet and Society, and part of "Forbes 5" who are shaping AI.
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Dive into the EU AI Act's current state and future directions, alongside global initiatives aimed at harmonising regulatory approaches. This discussion will explore strategies for creating robust guardrails for AI, addressing the challenges of varying international standards, and fostering a cohesive framework that promotes innovation while safeguarding ethical and responsible AI development.
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This session will delve into the fundamentals of quantum computing, its current applications, and future potential. Global experts will share a comprehensive overview of quantum principles, the tech stack, and the crucial role of error correction. They will also explore the synergy between AI and quantum computing and how their convergence can exponentially increase their impact across industries. Additionally, this session will showcase the blueprint to build world-class quantum programmes, recognising the importance of collaboration and strategic implementation for organisations aiming to lead in the digital age.
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This roundtable reflects Elevandi’s commitment to supporting inclusive policy making in AI & Quantum, which included the 2023 Singapore FinTech Festival’s Outlook of AI and report “Global AI Governance: Convergence or Fragmentation?”.
Financial services (FS) have much at stake and much to contribute to the AI technology and standards work currently underway; however, FS firms and their regulators are not necessarily at the center of the debate. Financial grade validation and trust are essential for new developments in GenAI and LLM to be fully employed for customer facing use cases in financial services. The increasing move to third party models and technology development outside the firewall are challenging the well-established governance frameworks FIs had put in place for predictive AI and machine learning. At the same time, existing data and cloud access frameworks are integral to determining how AI develops, is accessed, and the outcomes it delivers for the economy.
Moving forward, links between roles, standards, technology design, and data frameworks will determine the trajectory for AI development and outcomes across markets. Operating under the theme of Forming Frontier Tech, this roundtable led by the Institute for International Finance will convene industry leaders, technical experts, and policy makers in a dialogue to identify key points and links between technology design and development, standards and regulations, the path for adoption, and the prospects for deployments.
Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Primer on AI: Governing Self-learning Intelligent Systems
- Outlook of AI
- Global AI Governance: Convergence or Fragmentation?
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In this session, leaders will share strategies to navigate the current organisational strategic terrain, outlining key board priorities and roadmaps. They will also illuminate the transformative potential of rising machine-human collaboration. Additionally, the session will explore its profound implications for the workforce of tomorrow and steps to future-proof your organisation in this rapidly evolving landscape.
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This roundtable reflects Elevandi’s commitment to considering the social implications of frontier technologies. This included the value of Generative AI to consumer financial protection, and the need to build consumer protection in to AI and Web3 at the Singapore FinTech Festival in 2023.
In an era where financial scams have become increasingly sophisticated, the true extent of their rise remains debated - are we witnessing an actual surge, or is heightened reporting amplifying their presence?
This roundtable session under our Forming Frontier Tech theme will explore the lifecycle of financial scams, focusing on how the rise of digital assets and AI has both facilitated these scams and provided new tools for combating them. Participants will delve into the impact of emerging technologies on Know Your Customer (KYC), Anti-Money Laundering (AML), and onboarding processes within financial services such as cross-border payments and financial instrument investments.
Discussion points:
I. The Journey of a Scam:
- Tracing the evolution of financial scams from traditional methods to sophisticated digital schemes.
- Identifying key stages and tactics used by fraudsters in the digital age.
II. Impact of Emerging Technologies:
- Analysing whether the incidence of financial scams has increased due to advancements in technology or if heightened awareness has led to more reporting.
- Evaluating how AI and digital assets have lowered entry barriers for fraudsters and examining case studies of recent scams.
III. Combating Scams with Technology:
- Discussing innovative applications of AI and blockchain in detecting and preventing fraud.
- Exploring how advancements in KYC and AML technologies can strengthen onboarding processes and enhance security.
The following key industry stakeholders will champion the dialogue:
- Policymakers will highlight their roadmaps for updating the regulatory frameworks to support defenses against scams.
- Financial and professional services will showcase the proactive adoption of cutting-edge technologies to safeguard against fraud.
- Investors will drive the importance of robust fraud prevention measures in the companies they invest in.
The session aims to produce a collaborative action plan detailing:
- Specific technological tools and practices to implement for improved scam detection and prevention.
- Recommendations for policymakers to foster a supportive regulatory environment.
- Strategies for financial services organisations to integrate advanced technologies into their security protocols.
- Guidance for investors on promoting and supporting fraud prevention measures within their investments.
- A commitment to ongoing dialogue and cooperation among industry stakeholders to stay ahead of emerging threats.
Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Generative AI: The future of consumer financial protection?}', 13='{type=option, value={id=3, name='Forming Frontier Tech', order=2, label='Forming Frontier Tech'}}', 15='{type=list, value=[{id=166919171882, name='Amanda Wick'}, {id=169052905026, name='Avishek Chandra'}, {id=170493008129, name='Caroline Bowler'}, {id=170664206431, name='Dina Mainville'}, {id=167566402180, name='Francesca Brown'}, {id=168261564520, name='Isabella Chase'}, {id=166926454890, name='Dr Jochen Papenbrock'}, {id=168803717037, name='Rene Michau'}, {id=169052905393, name='Shane Chesson'}]}', 16='{type=list, value=[{id=166926454967, name='Darko Stefanoski'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=4, name='Roundtable Room 3 (Level 3)', order=3, label='Roundtable Room 3 (Level 3)'}}'}, {id=166926455299, createdAt=1715265314822, updatedAt=1720138586276, path='agnd1103-fintech-ecosystems-powering-innovation-in-financial-services', name='FinTech ecosystems: Powering innovation in financial services', 2='{type=string, value=FinTech ecosystems: Powering innovation in financial services}', 3='{type=string, value=AGND1103}', 4='{type=number, value=1719937800000}', 5='{type=number, value=1719939900000}', 6='{type=option, value={id=3, name='Insights Stage', order=1, label='Insights Stage'}}', 7='{type=string, value=FinTech ecosystems: Powering innovation in financial services Nasir Zubairi, Chief Executive Officer, The LHoFT Foundation, Natia Turnava, Acting Governor, First Vice-Governor, National Bank of Georgia, Shayan Hazir, Chief Digital Officer, ASEAN, HSBC Pat Patel, Executive Director, Elevandi }', 8='{type=number, value=1}', 12='{type=string, value=
Join industry leaders as they explore strategies to leverage FinTech ecosystems for innovation, delving into the collaborative opportunities within large financial institutions and dynamic FinTech economies to drive transformative change in the financial services sector.
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