Innovation in the Asia-Pacific (APAC) region, and in particular the integration of artificial intelligence (AI) has been nothing short of transformative. From the region’s bustling fintech hubs to the Australia’s sophisticated banking sector, AI-driven innovations are redefining how financial services operate.
However, as these technologies advance, they also bring complex challenges, particularly regarding regulatory oversight. The delicate balance between fostering innovation and ensuring compliance is at the heart of the debate – raising the question: is AI the "ghost in the machine" of modern finance?
This question is one of the paramount questions that the upcoming Finance Magnates Pacific Summit (FMPS) will look to answer next week in Australia. Taking place on August 27-29 in downtown Sydney, this professional event will touch on AI as a catalyst for financial innovation, as well as the regulatory response.
As a quick reminder, FMPS registration is only available for a limited time! With nearly one week to go until the event kicks off, make sure to head on over to the event website and register today! Skip the queues on-site and make sure to sign up in advance to save time!
Network with Industry Leaders at FMPS
Look for the world’s foremost regtech specialists, innovators, and fintechs to be on-site for FMPS, joining forces with regional and local providers, all under one roof. The atmosphere of the event will be truly electric, with two full days of exhibition, plenty of attendees, live entertainment, and curated content sessions.
FMPS will be drawing one of the most diverse attendances to date, including the following individuals:
- Forex/CFD Brokers
- Institutional Brokers
- Affiliates & IBs
- Traders & Investors
- Educators & Market Experts
- Fintech & Payments Brands
- Crypto & Digital Assets Businesses
- Technology & Liquidity Providers
- Press/Media
- Regulators
- Start-ups
- Investors/VCs
In terms of content, attendees can explore four different content tracks, covering the fintech, payments, crypto, and online trading space. Ahead of next week, prospective participants can take a deep dive into the full-length agenda for FMPS, perhaps none more relevant than the panel, ‘The Ghost is The Machine? AI in Financial Services’
AI as the Catalyst for Financial Innovation
AI's impact on financial services in APAC is clearly evident in 2024, driving innovation across multiple sectors, including banking, insurance, and investment management. Machine learning algorithms analyze vast datasets to predict market trends, automate trading, and personalize customer experiences.
By extension, natural language processing (NLP) powers chatbots and virtual assistants, enhancing customer engagement and reducing operational costs. AI is also instrumental in fraud detection, where it identifies anomalies and patterns that might escape human scrutiny.
However, as AI becomes integral to financial services, it poses significant regulatory challenges. The APAC region, with its diverse regulatory attributes, faces the daunting task of keeping pace with rapid technological advancements while safeguarding consumers and maintaining market stability.
This ties in nicely with the upcoming panel, ‘The Ghost IS The Machine? AI in Financial Services’, held on August 29 at Centre Stage at FMPS at 14:10-14:50. The informative session will feature the following experts and speakers:
- Eamonn Sheridan, Financial Market Analyst at ForexLive
- Jim Hogan, Chief Innovation Evangelist, Google Cloud at Google
- Melinda Rankin, AI Regulation, Ethics, and Policy Lead at KPMG
- Charles Guan, CTO at Rich Data Co (RDC)
- Maria Pittashi, General Manager at PLUGIT
Participants can expect to hear from some of the most learned minds on the subject, with an open Q&A available at the end. Indeed, as LLMs become more specific and sophisticated, so do their use cases in various corners of the financial sphere. With regulations cropping up in the EU, the future of AI in APAC is about to change, and investors take notice.
This is one session you cannot afford to miss, with the latest insights available on AI & regulation, including how will regulations look, and which players are most affected? Look for an additional emphasis on AI & investments, as well as how VCs assess AI startups, and where's the value amid AI FOMO and hype.
Finally, the panel will address AI & development, grappling how can technologists achieve greater efficiency and where can AI create more work?
See you next week in Sydney for FMPS and this noteworthy panel!
