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Generative AI in financial services: Pathways to value and industry collaboration

BCG estimates that (Gen) AI can bring 30-50% efficiency improvement, impacting all the key elements of financial services value chain. Fintechs, Banks, Insurers are announcing great value delivered with Pilots, POCs, experiments but acknowledge that scaling is not straightforward. 
 
In the 2023 (Gen) AI roundtable we covered the potential for Financial Institutions, prominent use cases, discussed challenges and aligned on key imperatives required to scale and achieve value. 
 
12 months later it's time to count the chickens. This roundtable aims to bring together AI practitioners, FI executives, policy makers and thought leaders to discuss the proof of value, Gen (AI) at scale and what it takes to achieve it. 
 
Key discussion points: 
 
1. Proof of value in FIs - where's the promised transformative impact? 
2. What are the lessons learned from transformative implementations 
3. How do we solve the remaining challenges of scaling from business, tech and risk angle?
4. What role can regulator and ecosystem play in accelerating transformation?

Speakers

Shameek Kundu

Shameek Kundu

Executive Director, AI Verify Foundation, IMDA

Asif Saleem

Asif Saleem

Industry Principal Architect, Financial Services APAC, Google

Donald MacDonald

Donald MacDonald

Head of Group Data Office, OCBC Bank

Srivatsan Tirumalai

Srivatsan Tirumalai

Executive Director - Architecture and Engineering, United Overseas Bank

Nimish Panchmatia

Nimish Panchmatia

Chief Data and Transformation Officer, DBS Bank

Dr Patrick Hoffmann

Dr Patrick Hoffmann

Advisor, BIS Innovation Hub - Singapore Centre

Moderator

Saurabh Tripathi

Saurabh Tripathi

Global Leader - Financial Institutions, The Boston Consulting Group

Dr Stiene Riemer

Dr Stiene Riemer

Managing Director & Partner, The Boston Consulting Group GmbH

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