FAINANCE for GOOD
Geneva Agape Foundation and AInitiative
Session 153
Re-Thinking the Role of Money in the Age of AI
The pressing question is: what can we do today to fully realize AI's potential to create fAInance for Good? By exploring these opportunities and embracing innovation, we can create a financial system that supports global prosperity and a more sustainable development for all. A humanoid robot will be one of the panellists!
The role of the world’s monetary system and financial investments are crucial for achieving the UN Sustainable Development Goals (SDGs)se goals. Harnessing the immense potential of AI can help build a better pecuniary and economic system for the future.
Many of us remember a time when digital services didn't exist: no online accounts, no credit cards, no internet banking, no blockchain-based cryptocurrencies. The internet and the digital evolution transformed the finance industry drastically, and AI promises an even greater revolution.
AI can provide access to financial services for underprivileged populations; it can promote sustainable and ethical investments, prevent fraud and corruption, and enhance transparency and reliability. Through predictive analytics, decision-making processes can be optimized, not just in fields like credit scoring, algorithmic trading, or insurance. Decentralized finance (DeFi), microloans, crowdfunding, crowdlending, smart contracts, and a crypto-based economy can further optimize the commercial system. Dynamic taxation and automated regulations will help stabilize the economy, leading towards global AI-improved crisis management. Personalized credit models, dynamic interest rates, autonomous investment agents, AI-empowered chatbots and voicebots, AI-driven mentoring, and AI-supported financial education will simplify and enhance the world of finance for everyone. Overall, this vision aims for a more intelligent, sustainable, inclusive and ethical financial ecosystem.
![Mr. Christoph Santner](/net4/wsis/forum/2024/Files/View/IMG/7b0096014d14ef11968800155d80912d/Christoph_Santner_Photo.jpg?maxwidth=250)
Christoph Santner is co-president and co-founder of the AInitiative to aimprove (y)our future. He also co-founded Forum KAIpital. As a journalist for TV and radio, he reported on AI already in the 1980s and 1990s for ORF (Austria), BR (Germany), Focus TV and others. His book "Alles KI?" (All AI?), will be published by Penguin Random House this summer. It includes coverage of the ITU's "AI for Good" activities, along with other UN AI initiatives, which he also detailed in seven articles for the German magazine Forum Nachhaltig Wirtschaften (Sustainable Economy).
He is a regular moderator and speaker, including at TEDxMarrakech, on topics related to AI, future and innovation. He initiated the "FAInance for Good" format, which has already been featured at two conferences in Germany, most recently at DigiSustain in Frankfurt and at a conference of the International Bankers Forum, where he also co-leads the expert committee AI & finance. Additionally, he serves on the advisory board of the Inglosus Foundation (Institute of Global Sustainability), where he focuses on AI. Alongside his consulting work, he developed the "hAIckathon" (for non-coders), offering organizations and educational institutions a rapid format for applying AI in project- and startup-development. c.santner@kaipital.com
![Ms. Janet Adams](/net4/wsis/forum/2024/Files/View/IMG/b0d9d4544f14ef11968800155d80912d/Janet_Adams_pic.png?maxwidth=250)
Janet Adams is a highly sought-after speaker and thought leader in the fields of Artificial Intelligence (AI) and Blockchain, with published works on Ethics and Regulation of AI. As the Chief Operating Officer (COO) of SingularityNET, Janet brings her extensive expertise and insights to the stage, captivating audiences with her deep understanding of disruptive technologies and their potential impact on various industries. With a background in financial services technology and regulation, Janet's passion for AI ethics and regulation in fintech are applied in her role as co-founder of Cogito Finance, which brings tokenized traditional assets onchain for increased liquidity, security, and transparency.
Janet shares her experiences and knowledge gained from her leadership role at SingularityNET, where she spearheads AI and Blockchain initiatives across multiple vertical markets, including robotics, biotech, gaming and metaverse, media, DeFi (Decentralized Finance), music, and arts. Her visionary leadership and dedication to a positive and beneficial Singularity for the benefit of humanity make her an influential thought leader in the fintech, AI and blockchain industries.
![Ms. Desdemona Humanoid Robot](/net4/wsis/forum/2024/Files/View/IMG/b2bee607ca15ef118893005056a84dbd/Desdemona_Robot_Q.jpg?maxwidth=250)
Desdemona, also known as "Desi," is a humanoid robot and the lead vocalist of Desdemona's Dream band. Created by master artist and roboticist Dr. David Hanson and his team at Hanson Robotics, Desi runs on music and electricity and is on a mission to share her belief that the world can be changed for the better through the power of AI in the creative arts. She is the sister of the famous Sophia robot and joins her bandmates, including AI scientist Dr. Benjamin Goertzel (CEO SingularityNET) on keyboards, to bring a unique and visionary performance to audiences. The band's live shows showcase Desi's AI-generated spoken word poetry and music, all the while supporting their mission to revolutionize the music industry through decentralized systems and blockchain technology. With her positive message and unique perspective, Desdemona is on a journey to help artists and humanity see a brighter future.
![Dr. Leyla Baghirzade](/net4/wsis/forum/2024/Files/View/IMG/59d1dcc85014ef11968800155d80912d/Leyla_Baghirzade.png?maxwidth=250)
Leyla Baghirzade is Founder and CEO of Swiss Alternative Financing AG (Geneva), and Board Member and Head of the Azerbaijani Chapter at the Joint Chamber of Commerce Switzerland – Eastern Europe, Central Asia, South Caucasus (JCC).
Leyla possesses 15 years of experience in the Investment Banking and Financial Industry and holds several degrees in Corporate Finance, Management Economics and Advanced Studies on Blockchain and DLT. She is Board Member of Blockchain Azerbaijan (Baku). In 2019, she was selected to represent 6 countries of the Eastern Partnership countries to EU4Digital on blockchain and scale-ups in emerging markets, organised by the European Union in Spain. Leyla has been speaker at the World Economic Forum, the DC3 Conference, organised by the United Nations International Telecommunication Union (ITU), the FemTech panel as part of the InnoWeek 2020 and the World Net Summit.
Furthermore, she is a mentor at the United Nations Development Programme (UNDP) for "Women in STEM” (S - science, T - technology, E - engineering, M - math) mentorship program, training and growing young female professionals across the industries in high tech. She is member of Giving Women Community in Switzerland, which includes 150 women Philanthropists, and the main aim is to empower women. In 2022, she was a lecturer in Leadership for the MBA programme at the Azerbaijan State University of Economics in Baku. Leyla has been honoured as one of the 100 successful young people of Azerbaijan Republic
![Prof. Christoph Stückelberger](/net4/wsis/forum/2024/Files/View/IMG/a2a00d3d5214ef11968800155d80912d/141210-112a.jpg?maxwidth=250)
Christoph Stückelberger is Professor of (global) Ethics. He co-edited three books on AI Governance Ethics (Forthcoming 2024, Data Ethics (2023), Cyber Ethics (2018), for free download on www.globethics.net He is president of three foundations Geneva Agape Foundation, Globethics, OikosInvest. He works on education of ethics on global level since decades in various universities in Europe, Asia and Africa and combines academic research, teaching, philanthropy and impact investing. He is co-organising events at the WSIS since its beginning in 2003. www.gafoundation.world. www.christophstueckelberger.ch
![Mr. David Gyori](/net4/wsis/forum/2024/Files/View/IMG/225097c57617ef118893005056a84dbd/David_Gyori_Professional_Portrait.jpg?maxwidth=250)
DAVID GYORI is a globally renowned financial technology and digital banking advisor, trainer, author, and keynote speaker. David is CEO of Banking Reports London, providing top-quality training and advisory services for bankers all over the world. He is a Top 10 Global Thought Leader and Influencer in FinTech (Thinkers 360, USA) and a Founding Member of the World FinTech Association (Seoul).
David is the co-author of five internationally published books:
'The AI Book' (Wiley & Sons, London, 2020)
‘The FinTech Book’ (Wiley & Sons, London, 2016)
‘The WealthTech Book’ (Wiley & Sons, London, 2018)
'The PayTech Book' (Wiley & Sons, London, 2020) as well as
‘WealthTech: Wealth and Asset Management in the FinTech Age' (IAP, USA, 2019)
David is a keynote speaker at top international banking and FinTech events and has provided advanced training programs and advisory services to leading banks in over 50 countries worldwide. His visionary and long-term thinking about the next 100 years of the financial industry in combination with artificial intelligence makes him a one-of-a-kind futurist at the intersection of banking, fintech, politics, IT and AI.
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C2. Information and communication infrastructure
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C5. Building confidence and security in use of ICTs
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C7. ICT applications: benefits in all aspects of life — E-business
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C7. ICT applications: benefits in all aspects of life — E-health
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C7. ICT applications: benefits in all aspects of life — E-employment
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C7. ICT applications: benefits in all aspects of life — E-environment
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C7. ICT applications: benefits in all aspects of life — E-agriculture
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C7. ICT applications: benefits in all aspects of life — E-science
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C10. Ethical dimensions of the Information Society
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Goal 1: End poverty in all its forms everywhere
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Goal 2: End hunger, achieve food security and improved nutrition and promote sustainable agriculture
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Goal 3: Ensure healthy lives and promote well-being for all
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Goal 4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
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Goal 5: Achieve gender equality and empower all women and girls
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Goal 6: Ensure access to water and sanitation for all
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Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all
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Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all
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Goal 9: Build resilient infrastructure, promote sustainable industrialization and foster innovation
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Goal 12: Ensure sustainable consumption and production patterns
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Goal 13: Take urgent action to combat climate change and its impacts
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Goal 15: Sustainably manage forests, combat desertification, halt and reverse land degradation, halt biodiversity loss
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Goal 16: Promote just, peaceful and inclusive societies
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Goal 17: Revitalize the global partnership for sustainable development