The panel discussion features experts from Prudential, Singapore Economic Development Board, Google Cloud and Nomura, around the development of Singapore as a hub for AI in the financial industry, highlighting the collaborative efforts between various sectors and institutions.
Key highlights
Singapore as an AI Hub:
- The discussion emphasised how Singapore is leveraging its unique ecosystem, combining government support, educational institutions, and strategic partnerships to foster AI development.
- Singapore's AI initiatives aim to build partnerships with entities like Google and local educational institutions to drive AI adoption.
Challenges and Opportunities:
- The panel touched on regulatory frameworks, with insights on how Singapore's thoughtful regulation is helping accelerate AI adoption.
- The importance of trust and responsible AI was stressed, with the panelists discussing regulatory frameworks and worldwide cooperation.
Role of Diversity and Collaboration:
- Diversity within Singapore's population and the collaborative environment were highlighted as key drivers for successful AI experimentation and deployment.
Economic and Business Value:
- The importance of creating tangible business value through AI was a recurring theme, with panellists sharing insights on how AI can drive efficiencies and top-line growth.
- Initiatives like conducting AI experimentation in labs and scaling successful solutions were discussed.
AI Governance and Frameworks:
- Panellists talked about the balance between enabling innovation and implementing robust AI governance to ensure the responsible use of technology.
Future Outlook:
The panellists expressed optimism about Singapore's role in the AI landscape, citing its conducive environment for fostering innovation and the potential for scaling AI solutions globally.
Conclusion:
The session concluded with positive remarks about the future, focusing on the economic and societal benefits AI can provide.
Watch Full Session
Speakers:
- Deep Thomas, Chief Data Officer, Nomura
- Kiran Kesavarapu, Director - Industry Solutions & Architecture, Google
- Philbert Gomez, Executive Director, Digital Industry Singapore (DISG), Singapore Economic Development Board (EDB)
- Tomasz Kurczyk, Chief Information Technology Officer, Prudential Singapore
Moderator:
- Jill Malandrino, Global Markets Reporter, Nasdaq