Balancing Act: Managing AI Risks in Finance

This session will explore the transformative impact of AI in the financial sector, particularly focusing on the challenges and opportunities these technologies present. The session will delve into the complex and ever-evolving global regulatory and ethical landscape that surrounds the deployment of AI in finance. Given the highly regulated nature of the financial sector, there are considerable compliance challenges in integrating AI fully, including increased possibilities of manipulation, cyber attacks, fraud, and difficulties in model explainability and accountability. The panel of experts will explore the potential advances and opportunities in the use of AI in Finance, and in parallel provide operational guidance on how best to mitigate key data, security and compliance risks whilst fostering a balance between innovation and regulatory compliance.

What you will learn:

• Provide comprehensive insights into the evolving global landscape of AI in finance.
• Outline the key technological advancements and opportunities of AI in finance.
• Discuss key data, security and compliance risks and challenges of adopting AI in finance.
• Provide operational guidance on how best to address key compliance risks in an AI-powered eco-system.
• Explore practical operational controls to strengthen data governance, improve model explainability, reduce bias and enhance transparency.