Ethical Implications of AI Solutions in Finance

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Focusing on the ethical challenges of Artificial Intelligence (AI) and part of University of Manchester ’s (UOM) Bicentenary Events Series which celeb...

From left, Robin Lee, Wendy Leong, among the participants at The University of Manchester South East Asia collaboration with the ICA on the panel discussion, 'AI & Ethics - Replacing Blood with Code' in KL recently

Also on the panel were UoM alumni Wendy Leong, Founder & CEO of Mobiva and Veriva Systems, companies specialising in compliance management solutions for banking and financial institutions. As digital banks integrate AI into broader ecosystems, Ridzuan stressed the importance of explainable algorithms to maintain trust. He also highlighted the need for Malaysians to continually improve their digital literacy to adapt to these changes.

Leong shared insights from her experience with AI in enterprise mobility and emergency management solutions, outlining steps her company took to eliminate biases in AI algorithms. She highlighted her work in developing generative AI to enhance workflow automation and leverage data from community leaders for real-time insights.

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