Governance of AI Technologies in Financial Services Roundtable Report
The “Governance of AI Technologies in Financial Services” roundtable convenes global leaders to address one of the most pressing challenges today: effectively governing AI technologies in the financial sector. This timely dialogue explores strategies to balance innovation, consumer protection, and ethical AI deployment in an increasingly technology-driven world.
Preparing the Future Workforce: Navigating AI and Digital Transformation in Financial Services
At the 24Fintech event in Riyadh, CFTE, as a knowledge partner, hosted the “Governance of AI Technologies in Financial Services” roundtable. Co-chaired by Huy Nguyen Trieu, Co-Founder at CFTE, the session brought together 12 prominent leaders from central banks, regulatory bodies, and the financial industry to exchange insights on shaping the future of AI governance.
The discussions focused on three critical themes: evaluating current regulatory frameworks, identifying gaps, and addressing ethical risks surrounding AI adoption in financial systems.
This report will give you an insight into:
Frameworks for AI Regulation: How current regulatory approaches can adapt to the rapid advancements in AI while ensuring financial stability and innovation.
Balancing Innovation and Ethical Use: Strategies to regulate AI in ways that foster technological advancements without compromising consumer trust and data privacy.
Global Perspectives on AI Governance: Insights from leading experts and regulators on building adaptable frameworks to address regional and international challenges.
Addressing Ethical Risks and Bias: The importance of tackling algorithmic biases and ensuring fairness, transparency, and accountability in AI systems.
Creating Sustainable and Collaborative Governance Models: The role of public-private partnerships, cross-border collaborations, and shared best practices in advancing AI governance.
This report distills actionable strategies and global perspectives, serving as an essential resource for policymakers, regulators, and financial leaders navigating the intersection of AI innovation and governance.
Contributors
Huy Nguyen Trieu
Co-Founder, CFTE
Steve Plimsoll
Assistant CEO, National Center for AI
Fatima Abukar
Principal Advisor, Responsible AI and Data, Financial Conduct Authority
Ahmad Alajlan
Manager of Fintech Permit, Capital Market Authority
Dr. Mohamad Sibai
Chief Technology Officer, Srena
Mansour Alsaleh
Head of Innovation Hub, Saudi Central Bank (SAMA)
Douglas Arner
Kerry Holdings Professor in Law, The University of Hong Kong
Massimo Buonomo
Expert and Project Evaluator for Top AI and Deep-Tech European Projects, European Commission
Dr. Sivaramakrishnan Guruvayur
Research Advisor, Center for Responsible AI (CeRAI), & Chief AI Scientist, Aaquarians.ai
Sopnendu Mohanty
Chief Fintech Officer Monetary Authority of Singapore
Dr. Mohamad Sibai
Chief Technology Officer, Srena
