AI summit to tackle fraud prevention in finance sect
Aboitiz Data Innovation (ADI), the Data Science and Artificial Intelligence (DSAI) arm of the Aboitiz Group, revealed more details of its inaugural AI Summit Philippines (AI Summit PH 2023), happening at the Marriott Grand Ballroom from May 10 to 11.
The two-day summit promises to provide insights from industry leaders and trailblazers as they share actionable use cases of how AI can and has revolutionized the financial services industry while addressing new fraud challenges in this increasingly digital world.
Featuring talks, panel discussions, and networking opportunities, the AI Summit PH 2023 cuts across three streams: data science and transformation in financial services, powering smart cities through data, and operationalizing data science and AI.
For the first stream, embracing and learning about DSAI technology is key for sustainable growth in the financial services sector to foster economic stability, promote financial inclusion of underserved populations, drive innovation, and redefine value in the industry.
One of the highlights of the stream is a C-Suite roundtable that brings together the heads of half of the digital banks in the Philippines: UnionDigital Bank (UnionDigital) President and Chief Executive Officer Henry Aguda, GoTyme Bank President and CEO Nathaniel Clarke, and Maya President Angelo Madrid.
Digital banks are set to revolutionize the financial services industry by leveraging technology such as AI to increase efficiency and champion financial inclusion. The digital bank roundtable will be moderated by ADI CEO Dr. David R. Hardoon.
Under his leadership, ADI empowers the Aboitiz Group as it undergoes its great transformation to become the Philippines’ first techglomerate by operationalizing DSAI to transform data into business and sustainability outcomes.
The group’s banking and financial services arm, Union Bank of the Philippines (UnionBank) and its thrift bank subsidiary City Savings Bank (CitySavings), are at the forefront of innovation in the local financial services industry with their successful integration of DSAI solutions.
Another C-Suite roundtable in the summit will underscore the importance of enabling a transformative culture as leaders drive enterprises toward becoming data-driven companies. The panelists include Aboitiz Equity Ventures (AEV) Chief Transformation Officer Emilie Sydney-Smith and UnionBank President and CEO Edwin R. Bautista, who represents the award-winning and innovative bank.
Along with other corporate leaders and trailblazers such as Maria Noemi Azura of Insular Health Care and Victor Paterno of Philippine Seven Corporation, the roundtable will provide valuable insights into how organizations can embrace data-driven strategies to drive innovation and achieve transformation. This roundtable will be moderated by UnionBank’s Chief Customer Experience Officer and Chief Digital Channel Officer Ana A. Delgado.
“We are thrilled to convene industry leaders and experts to explore the revolutionary impact of AI on the finance sector,” said ADI Chief Operating Officer for Financial Services Guy Sheppard. “This summit offers a unique opportunity for attendees to gain valuable insights into how AI can transform financial inclusion, redefine value creation, and address emerging challenges in data science and digital transformation. From automating routine tasks to enhancing risk management and fraud detection, AI has the potential to revolutionize the finance industry by enabling more efficient and personalized services, improving decision-making, and unlocking new opportunities for growth and innovation.”
Sheppard will be moderating “The Changing Face of Fraud,” a panel that delves into the flip side of modern technologies.
New and dynamic threats necessitate new rules and approaches to mitigate risks. The panel features experts and professionals in the field of fraud prevention from leading financial services firms Bank of the Philippines, Maybank Philippines, UnionBank, and UnionDigital.
The summit also covers sustainability in a panel discussion on creating inclusive financial systems through technology.
The panelists include CitySavings Vice Chairman and CEO Lorenzo Ocampo, UBX President and CEO John Januszcak, PayMongo CEO Jojo Malolos, and Robin Newnham of the Alliance for Financial Inclusion.
This is just a small glimpse into what lies in store for those who attend the highly anticipated event. ADI invites those interested in hearing from and networking with industry leaders and like-minded individuals and organizations, exchanging ideas on how to use AI to transform the financial services industry for inclusive growth and sustainability.
Register your attendance at www.aiphsummit.ph/registration/ to get a complimentary pass to the event. – Press release