Implications, risks and considerations for successful and scalable AI development and deployment for the financial sector

AI is already replacing humans in fraud detection, risk management, trading, lending and investment advice – with pressures on the sector to cut costs, this is of course only set to rise. As a result, the rapidly growing capabilities and increasing presence of AI-based systems in our lives raise pressing questions about the impact, governance, ethics, and accountability of these technologies around the world. On top of this, consumers are increasingly mindful of the security of their data and how it is being used, and institutions are aware that new capabilities can also create new potential liabilities.

Advances in data science and artificial intelligence are transforming business practices across the financial sector. Relevant technological developments and their applications in banking, insurance, lending and asset management promise significant benefits to firms, consumers, and society at large, but also give rise to a wide range of ethical questions and concerns, including issues of regulatory importance. There is also growing interesting in the ethical use of AI and challenges for financial institutions over how to operationalise guidelines that have been developed so far and also which function of the business should ‘own’ such a project.

So how do we manage the associated ethical risks, challenges and governance implications present by AI development and deployment within an international, dynamic and fast-moving financial sector?

Job Titles & Functions aimed at VP, Directors, Chief Ethics Officer, ethics committees and technical and specialists from firms across all industries in the financial sector who are involved in the design, production, and deployment of an AI project including VP, Director, Heads of:

Organisations in attendance include: Asset management, retail banking, lending and credit cards, payments, investment banking, insurance and fin techs. This event is a global event and will attract an audience from EMEA, UK and North America.

At the AI Ethics & Governance in Finance virtual event not only will you learn about which technologies and best practices to incorporate into current projects, but you will establish unique ways to revamp products and expand your capabilities. In addition to personal and professional development, you can guide your organisation and make your business smarter and more connected, by understanding how leading companies are utilising and implementing compliance, risk and governance solutions.