HSBC Event: Banking on AI

Background

Cory and Jerome attended the MOBOLISE Banking on AI event at HSBC's Sheffield headquarters. This event brought together business and industry leaders to discuss the transformative impact of artificial intelligence (AI).

Approach

The event featured a keynote address by Kanya King CBE, Founder and CEO of the MOBO Organisation and MOBOLISE, who shared her insights on the intersection of creativity and technology in the AI era. Sol Enenmoh, AI Regional Lead at HSBC, provided an overview of the practical applications within the banking sector.

The evening continued with a panel discussion and Q&A session, where BBC Dragons Dens Piers Linney and Entrepreneur Ellie Edwards-Scott alongside Sol delved into AI's evolving role in business, its future implications, and its potential to reshape job landscapes.

Analysis

Key insights from the event included:

• Rapid AI Adoption: OpenAI's achievement of reaching 100 million users within six weeks underscores the accelerating integration of AI technologies across various sectors.
• Educational Resources: Big tech companies have a ton of free AI courses available, providing opportunities to upskill and stay in the loop with all technological advancements.
• Economic Empowerment: AI serves as a catalyst for global innovation and economic empowerment, offering tools to drive progress and inclusivity.
• Financial Applications: In banking, AI enhances processes such as onboarding and fraud detection, streamlining operations and improving security.
• Content Creation: Tools like Google Notebook LM facilitate the creation of interactive podcasts, leveraging deep research data for enriched content.

A highlight of the event was the demonstration of the AI Cyber Dog, exemplifying the tangible advancements in AI and robotics.

Conclusions

Attending the Banking on AI event provided valuable insights into AI services. Engaging with thought leaders and witnessing innovations first-hand reinforces PryceWilliams Consulting's commitment to integrating cutting-edge solutions into our practices.

Recommendations

To remain competitive in the evolving financial landscape, it is imperative for professionals and organisations to:

• Engage with AI educational resources to foster continuous learning.
• Explore AI applications to enhance operational efficiency and security.
• Stay informed about technological advancements to anticipate and adapt to industry changes.