ASEAN Top 3 Data and AI Priorities
in 2024 and Beyond
Networking Dinner at Zafferano, Singapore

Here’s what we discussed:

Data management and artificial intelligence (AI) emerge as pivotal areas for strategic innovation in the BFSI sector. BuyerForesight, in collaboration with Denodo, recently completed a research study to understand what top ASEAN BFSI leaders are doing to remain competitive in 2024 and beyond.

This executive roundtable dinner focused on three key findings of the research, with an emphasis on innovative data leverage and risk mitigation:

1. Managing a Complex Data Ecosystem: Discuss how data-related initiatives can deliver value despite the increasing complexity of myriad data sources and repositories. Explore how innovative leverage of data, combined with AI and GenAI, is critical to understanding customers and business ecosystems better, enabling the tailoring and personalization of optimal financial products, services, and solutions for the present and future.
2. Data Security & Governance: Understand the balance between data accessibility, privacy, and security, especially in light of increasing regulatory requirements. Address the crucial aspect of risk mitigation, as ‘with Great Innovation comes Great Risks’ in the form of fraud, scams, and misuse. Discuss how financial products and services can be made robust to effectively detect and deter these risks through the effective use of data.
3. Ensuring AI Success: Brainstorm data management needs for Gen AI and the use of Gen AI in data management. Explore how AI and GenAI can be leveraged to enhance personalized financial services while simultaneously strengthening risk detection and mitigation mechanisms.