Grace Chong talks “AI in Finance”, highlights risks, regulations, and opportunities in DigiAssets article

19 Dec 2024

Grace Chong was featured in a DigiAssets article touching on the growing role of artificial intelligence (AI) in the financial sector, particularly within fintech and digital assets in Asia Pacific.
 
As nearly half of financial services firms are heavily investing in AI, Grace emphasised the importance of considering AI’s current and future challenges, risks, and opportunities. She pointed out challenges faced by the integration of AI, including potential biases in AI-driven advisory services and shifting regulatory environments, influenced by both political and geopolitical developments.
 
Grace identified key opportunities for financial institutions to leverage AI through collaboration between financial institutions and regulators to create frameworks that balance innovation with risk management. According to her, regulatory sandboxes, industry consortia, and standardised tools for transparency are key to ensuring AI technologies are compliant, effective, and ethical in financial services.

You may read the full article here.

Get in touch