BANKING leaders across Southeast Asia will explore ways to strengthen regional cooperation on artificial intelligence (AI) as financial institutions face common challenges involving cybersecurity, customer protection and the responsible use of emerging technologies.
The 54th Asean Banking Council Meeting, to be hosted by the Bankers Association of the Philippines (BAP) in Manila on Nov. 12 to 14, will bring together banking leaders to discuss how the region can maximize AI’s potential while ensuring that technological advances do not compromise the security, reliability and trust underpinning financial services.
As AI becomes increasingly integrated into banking operations, financial institutions are exploring its use to improve customer experiences, streamline processes, strengthen fraud detection and enhance risk assessments.