With AI applications being diffused rapidly in the world of business and finance, the OECD asked Daniel Faggella, AI-industry expert, what this means for the future of the financial services and banking ecosystems. The 2021 edition of the OECD Business and Finance Outlook examines the tremendous potential and corresponding challenges of artificial intelligence (AI) applications for business and finance. It highlights the ways that AI is transforming market structures, business models and corporate behaviour, focusing on key policy areas such as finance, competition, responsible business conduct and security concerns related to foreign direct investment in AI. It also examines the supervisory technology tools that can ensure regulatory oversight, detection and enforcement by governments in these areas. For more information see: https://oe.cd/aibizfin Webcasting of advice, opinions or statements by external speakers, or their promotion of ideas, data or products, does not imply endorsement by OECD.
Applied Artificial Intelligence (AI) technologies such as machine learning, deep learning, predictive/prescriptive analytics, virtual agent and natural language understanding (avatar) technologies are gaining popularity among progressive banks. What can one achieve with these technologies ? How much of this is a reality today ? Listen to the point of views of global banking leaders who collaborated to create actionable perspectives on AI powered banking. The panel discussion will be moderated by Puneet Chhahira, Global Head of Marketing – Infosys Finacle