AI Ethics in Financial Services Summit to Examine Challenges of Artificial Intelligence

On April 2, the American College Cary M. Maguire Center for Ethics in Financial Services will host an AI Ethics in Financial Services Summit in New York City examining governance and ethics challenges of AI use in financial services.

Crafted as an immersive and educational meeting of financial experts spanning diverse corporate roles, the event aims to assist leaders frame governance and ethics considerations relating to the use of AI. The discussions will center around crucial aspects, some of which include:

• The ethical risks of AI in finance: From fairness concerns to biased algorithms, we'll explore the potential pitfalls and how to mitigate them.
• Restoring trust through responsible AI: Learn best practices for developing, deploying, and governing AI ethically and transparently.
• The future of AI in insurance underwriting: Gain insights into the latest regulatory updates and ethical considerations in this critical area.

As the financial services industry grapples with the ever-expanding role of AI, this summit stands as a beacon for forward-thinking professionals. It provides a unique opportunity to engage with industry leaders, share insights, and collectively shape the narrative around responsible AI integration.

Amidst the complex challenges faced by global leaders, the recent World Economic Forum annual meeting in Davos assumed a pivotal role in addressing the pressing need for rebuilding trust between business and society. As governments navigate increased societal division and armed conflicts worldwide, CEOs expressed mixed sentiments regarding how to best navigate instability and the escalating influence of AI. This highlights the critical importance of acknowledging and navigating the intricate landscape of AI while concurrently working towards restoring trust in the global community.

This summit will showcase eminent speakers encompassing regulators, researchers, and industry leaders. Notable among them is Kathleen A. Birrane, currently serving as the Insurance Commissioner at the Maryland Insurance Administration. Additionally, Jillian Froment will be sharing her expertise in her role as the Executive Vice President and General Counsel at the American Council of Life Insurers (ACLI), while Arezu Moghadam will contribute valuable insights as the Managing Director and Global Head of Data Science at J.P. Morgan Asset Management. Furthermore, Reva Schwartz will bring valuable perspectives to the discussion as a Research Scientist at the National Institute of Standards and Technology.

Explore our AI Ethics Summit details and additional speakers.  If you are interested in attending and would like an invite, email us at ethics@theamericancollege.edu.

To learn more about artificial intelligence in financial services, you can explore further with research findings from the Center for Ethics in Financial Services.