Stakeholders Explore Future of Finance, Ethical Issues across Continents

Emma Okonji

Industry leaders and stakeholders from around the world gathered to discuss the rapidly evolving landscape of finance and the role of Artificial Intelligence (AI) in shaping the future of the globe.

They met last week at a webinar on the ‘Comparing and Contrasting AI Adoption in Financial Services Across Continents’ organised by FintechGR and supported by Maycode.

The seminar, which was spearheaded by a member of the governing council at FintechGR, Dr. Jameelah Ayedun, with the theme: ‘The Global AI Landscape’, delved deep into the global AI landscape, examining the latest regional trends and their impact on the economy, addressing the challenges, and seeking solutions. Ayedun welcomed participants and set the stage for an engaging discussion on the pivotal role of AI in financial services.

The seminar featured a distinguished lineup of speakers, including Dr. Jameelah Sharieff-Ayedun who delivered the opening speech. With speakers hailing from Nigeria, the UK, Israel, and the USA, the event offered diverse perspectives on AI adoption.

Some of the key highlights from various sessions of the seminar include: Regional Perspectives on AI Adoption; Regulation and Ethical Considerations; Government and Education’s Role, among others.

For the Regional Perspectives on AI Adoption, discussions were centered on the trends in AI adoption across different regions. Sultan Mahmood emphasised the need for collaborative efforts between governments and private sector companies to build a solid foundation for AI success. Dr. Dee Allen highlighted the importance of upskilling and re-skilling the workforce and informed regulators about the opportunities AI offers. Rony Ohayon discussed the significant benefits of AI in financial services but also cautioned about security and data privacy risks. Ibijoke underscored how AI addresses fraud detection, regulatory compliance, and transaction processing, ultimately improving customer experiences.