|Host Name||:The SEACEN Centre|
|Date From||:05 Aug 2020|
|Date To||:05 Aug 2020|
SEACEN Special Webinar Series on Artificial Intelligence in Central Banking and Supervision
Information and internet technology have fostered new web-based services that affect every facet of today’s economic and financial activity. These services create enormous quantities of “big data” – defined as “the massive volume of data that is generated by the increasing use of digital tools and information systems” (Financial Stability Board, 2017). Such data are produced in real time, in differing formats, and by a wide range of institutions and individuals. For their part, central banks face a surge in “financial big data sets”, reflecting the combination of new, rapidly developing electronic footprints as well as large and growing financial, administrative, and commercial records.
This phenomenon has the potential to strengthen analysis for decision-making, by providing more complete, immediate, and granular information as a complement to “traditional” macroeconomic indicators. To this end, a number of techniques are being developed, often referred to as “big data analytics” and “artificial intelligence” (AI).
Artificial intelligence – or AI for short – is technology that enables a computer to think or act in a more human way. Big tech companies brought AI to our everyday lives through digital assistants, smartphones, online ads, and search engines with features like automatic suggestions and targeted results.
The recent development and subsequent boom of specialized machine learning algorithms called deep learning have allowed computers to see and discern images and videos, understand and generate human-language texts and speeches, drive cars and control robots, and perform a plethora of other tasks nearly as well as humans do. With its potential of automating manual human labours, machine learning will certainly affect employment and the general economy in the years to come.
There are many areas where central banks are interested in dealing with big data issues and artificial intelligence. For example:
The SEACEN Special Webinar Series on Artificial Intelligence in Central Banking and Supervision is designed to explore various topics and issues relating to AI that is of interest to SEACEN stakeholders. The first session in this series was held on July 8, 2020, and the topic was Artificial Intelligence and Shifting Mindset of Central Banking and Supervision delivered by David R. Hardoon, PhD, the Senior Advisor for Data and Artificial Intelligence at UnionBank Philippines.
This session will be on “AI in Finance: Introduction and what is REALLY possible with AI?” to be delivered by Luca Primerano, Chief AI Officer, Napier. Luca focuses on running artificial intelligence programmes partnering with tier-1 universities and clients. Luca has extensive experience in decision automation and digital transformation that he gained at Goldman Sachs, Deutsche Bank and Deloitte and has an MS in engineering from Politecnico di Milano specialising in anomaly detection, data correlation and pattern identification.
Click tabs to swap between content that is broken into logical sections.
Copyright © 2018 | All Rights Reserved - The SEACEN Centre Web Design by Justsimple