Session 1 - Carmine di Noia - OECD.pdf

1、KeynoteSession 1:Digitalisation in PensionsOECD/IOPS Global Forum on Private PensionsCarmine Di Noia,Director for Financial and Enterprise Affairs,OECDIstanbul,6 November 20252Outline1.AI in finance State of play Regulatory landscape2.Digitalisation in pensions Use of innovative technologies in pens

2、ion sector SupTech2AI in finance:State of play1.14AI is used to provide a variety of financial products and services Note:based on a total of 49 jurisdictions.Source:2024 OECD Survey on Regulatory Approaches to AI in Finance.4AI is transforming delivery of financial products services,calling for an

3、appropriate response from regulators and supervisors.The use of AI in finance presents opportunities and challengesIncreased operational efficiencyTask automationImproved fraud detection and preventionSmarter asset managementAssistance with trading,portfolio planning,and risk managementImproved cust

4、omer service and interactionsFaster,more cost-effective and personalised support24/7 chatbotsStreamlined internal processesData biasDiscriminatory outcomes for consumersCyber-security threatsLack of transparency and explainability of modelsReliance on a small number of third-party service providersO

5、PPORTUNITIESCHALLENGES5AI integration into various economic sectors marks a major step forward in innovation and technology.Its use in the financial sector remains cautious and measured.AI in finance:Regulatory landscape1.27Most regulators do not plan to introduce new AI-specific legislation Potenti

6、al gaps in existing rules and ongoing monitoringGaps have not been identified so farGaps are subject to ongoing monitoringPlans for future regulation on AI in financeNo plans of legislative expansion for AI in finance risksPlans of legislative expansion for AI in financeOtherNote:based on a total of