Good morning. I hope you are all healthy and well. It is a great pleasure to welcome you to this highly topical panel discussion on “Managing Technology in Finance: Global Approaches for the Digital Age.” I am joined by a panel of eminent experts who will provide deeper insights into the issues.
Technological change has long been a driver of human progress. And the financial sector has been no exception. From the development of double-entry book-keeping, to the introduction of ATMs and modern payment systems—each wave of innovation has left its mark.
The digital age has accelerated these trends:
- Detailed data on our activities, transactions, and behaviors are now being captured in massive amounts as the Internet Of Things and mobile connectivity have exploded around the world.
- Huge increases in computing power applied to this data are making Artificial Intelligence—or “AI”—less of a Hollywood movie fantasy. And, more and more, AI systems perform tasks that normally require human intelligence.
- Meanwhile, the news is filled with stories of the latest hack of computer systems and resulting loss of service and personal data.
These trends are intertwined…
