AI & Transformation in Financial Institutions – Takeaways from New York Executive Exchange

AI is revolutionizing industries and reshaping the way we work. While many current applications focus on specific use cases, the full scope of large-scale enterprise transformations remains uncertain. That said, waiting passively is not an option. To lead in this era of transformation, we must actively explore and innovate.

In a recent Executive Exchange, banking, lending, and private markets executives came together in New York City to discuss AI and its role in digital transformation. Led by Dr. Joel Blit from the University of Waterloo, attendees shared learnings from their transformation journeys, including practical applications of AI in financial services.

In this summary, we explore how to evaluate when and where to use AI effectively, balancing its capabilities with the need for human oversight to ensure accuracy and reliability.

Our Executive Exchange events provide an unparalleled opportunity for senior executives to connect, share insights, and explore innovative ideas in a relaxed setting. Learn more about our Executive Exchange Series here.

About the Guest Speaker

Picture of Joel Blit

Joel Blit

Dr. Joel Blit is a senior fellow at the Centre for International Governance Innovation and professor of economics at the University of Waterloo, where he chairs the Council on Innovation Policy. His research, focusing on the economics of innovation and innovation policy, has featured in numerous media outlets, including The Economist, The Globe and Mail and the CBC.