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The Ghost is The Machine? AI in Financial Services Between Innovation and Regulation

Innovation in the Asia-Pacific (APAC) region, and in particular the integration of artificial intelligence (AI) has been nothing short of transformative. From the region’s bustling fintech hubs to the Australia’s sophisticated banking sector, AI-driven innovations are redefining how financial services operate.

However, as these technologies advance, they also bring complex challenges, particularly regarding regulatory oversight. The delicate balance between fostering innovation and ensuring compliance is at the heart of the debate – raising the question: is AI the “ghost in the machine” of modern finance?

This question is one of the paramount questions that the upcoming Finance Magnates Pacific Summit (FMPS) will look to answer next week in Australia. Taking place on August 27-29 in downtown Sydney, this professional event will touch on AI as a catalyst for financial innovation,…

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