#11: The Future of the Financial Industry in Light of AI

AI Asia Pacific Institute Podcast

"We are going to see an accelerated shift from the west to the east as we come out of this pandemic" — Scott Bales

In this conversation, we covered a wide range of topics: from how technology startups need to manage their initial purpose to the future of the financial industry in a post-pandemic world. Scott discussed the latest developments in Singapore in working towards becoming an AI hub and encouraging innovation. We discussed the potential for AI in bringing a positive impact in the world. We also covered the challenges that arise from its development and how the collaboration between human and machine might unfold in the next few years, specifically the importance of education in shaping these changes.

Scott is a technology enthusiast leading senior executive and a global leader in the cutting edge arena known as ‘The Digital Shift’, encompassing innovation, culture, design, and technology in a digital world. As a trusted strategic advisor, Scott thrives on the intersection between cultural and behavioural changes in the face of technology innovations and how those reshape industries. Scott enjoys helping leaders navigate accelerated change and complexity in the digital economy, and as a 'Digital Warrior', Scott has found a way to mesh a fascination with people and what motivates them together with a raw enthusiasm for technology.

In a world where technology reigns, one must practice what you preach, and Scott does exactly that. He’s a founding member of Next Money, mentor to entrepreneurs across the world, sits on the multiple boards and holds advisory positions at several startups. Scott worked previously as Chief Mobile Officer for Moven, the world’s first-ever digital everyday bank, lead Amazon Web Services growth in enterprise, built MetLife’s innovation lab LumenLab, and built multiple Fintech ventures that have surpassed US $100 million valuations.

As a multiple-time best-selling author, Scott has appeared at TEDx, Social Media Week, Google Think, Fund Forum, Asian Banker, Next Money and a long list of private events. His thought leadership has appeared in WIRED, Australian Financial Review and E27.

You can get in touch with Scott here on Twitter, LinkedIn or find his latest book here.

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