Face to face event
The use of Narrow AI is well-established within the Australian finance industry. It is embedded in fraud detection, cybersecurity, risk management and document processing. In contrast, the uptake of Generative AI (Gen AI) in by industry leaders over the past two years has been slow and cautious. This can be attributed to a range of factors, including the uncertain regulatory environment, privacy and data security concerns, risk and compliance, and issues with integration and skills shortages. Nevertheless, clear use cases for Gen AI are emerging.
To provide members with an exclusive deep dive into the impact of adoption of GenAI in financial services, AFIA in partnership with Associate Member, King & Wood Mallesons, is hosting a series of state-based breakfast briefings.
As subject-matter experts in AI compliance, legislation and law, King & Wood Mallesons’s speakers will offer insights into emerging opportunities and risk issues associated with Gen AI and how financial institutions can protect themselves.
The AI Breakfast Briefing series is designed to:
Broad overview of new and emerging technologies
Identify current and expected mid-term use cases that involve the innovative use of GenAI in the finance industry (eg scam and fraud prevention)
Provide examples of key areas where AI can be deployed in financial services eg document review, personalisation, scenario modelling, admin
Explore the risks associated with AI adoption including accuracy, transparency, bias and reliance.
Consider and analyse regulatory challenges, risks and opportunities.
Identify potential governance approaches that can be adopted by organisations in relation to implementation or deployment of GenAI use cases.
Our open, facilitated format will provide participants with the opportunity to contribute to the conversation, ask questions, hear exclusive insights, and discuss how, as an industry, we can shape the future of finance.