This Summit was co-hosted by the Institute of International Finance (IIF), Amazon Web Services (AWS), and the South East Asian Central Banks Centre (SEACEN) on Monday, May 27 through Tuesday, May 28.

The focus of this year's summit was on the intersection of AI, the cloud, and financial services. Society, governments, and the financial services industry have spent the last year exploring the implications of new Artificial Intelligence (AI) developments. This event highlighted key issues, consider solutions, and explore adjacent topics such as data, resilience, and security.

Speakers shared insights into:

+ AI and machine learning technology innovation; rise of Generative AI and Large Language Models
+ Cloud's role in delivering AI, cloud enablers, AI delivery/development modalities
Contemporary shifts in technology-driven transformations reshaping financial services
Evolving frameworks to harness the benefits of AI and manage risks
Risks environment for AI and Cloud and how they interact
Multi-jurisdictional applications of AI tools via the cloud and the ability to adapt to local requirements and restrictions (local and cross-border data sharing frameworks)

This in-person event featured industry leaders and key policymakers discussing advancements in AI and sharing their approaches to familiar and new challenges through a mix of presentations, roundtables, and keynotes. The program was designed to share insights, answer questions, and build connections. Proceedings were informed by a forthcoming IIF staff paper exploring AI, data, the cloud, and financial services in the Asia-Pacific region, and the 2023 IIF-EY AI & Machine Learning Survey.

The Summit was conducted under the Chatham House Rule and in English. If you have any questions, please contact Hannah Anderson ([email protected]).