visimoney
TLDR:
- Technology industry leaders urge government to increase regulation and investment in AI technology
- Parliamentary AI and Fintech Summit discusses the need for training and skills development in AI for the fintech industry
During the Parliamentary AI and Fintech Summit, industry experts stressed the importance of increased regulation and investment in artificial intelligence (AI) technology. With over 90 tech leaders, academics, and industry experts in attendance, the urgent need for businesses to collaborate with the government to improve training around AI in the fintech industry was emphasized.
Simana Paul from SumUp compared the current era of AI innovation to the discovery of electricity in the 18th century, highlighting the need for necessary controls and governance around AI. Dr. Adeshola from Tritek Consulting emphasized the critical role of tackling the UK’s digital skills crisis to drive economic growth and create meaningful employment opportunities for the next generation.
Libero Raspa from adesso noted that while AI presents significant opportunities, organizations must also consider challenges and risks, such as data protection and IT security. Fintech entrepreneur Khalid Talukder highlighted the importance of collaboration between the government and industry in areas like AI to improve core business processes and drive economic growth.
The summit concluded with a call to action for increased investment in AI training and skills development to ensure the UK remains at the forefront of innovation in the fintech industry.
