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SFF 2023 spurs discussion on generative AI and the future of finance

Khairani Afifi Noordin, Jovi Ho & Nicole Lim
Khairani Afifi Noordin, Jovi Ho & Nicole Lim • 7 min read
SFF 2023 spurs discussion on generative AI and the future of finance
MAS managing director Ravi Menon emphasised the need to focus on building a global public good payment utility system. Photo: Albert Chua/The Edge Singapore
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Generative artificial intelligence (AI) has been all everyone has been talking about since it came to the fore a year ago. It is therefore no surprise that the topic dominated the latest edition of Singapore FinTech Festival (SFF), which saw a record number of over 800 speakers, 700 exhibitors and 36 international pavilions across five thematic zones. 

This year, the three-day festival was focused around the theme: “AI for good. AI for good?”, and delved into the technology’s promise and pitfalls over multiple panels that debated its role in different sectors and parts of the world. 

Opening the conversation on AI on the first day of the conference on Nov 15, newly sworn-in President Tharman Shanmugaratnam said that this technological revolution is set to have a more profound effect on the workforce and society than any previous rounds. 

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