A big thank you to Joyce Liu and team from Office of the Privacy Commissioner for Personal Data, Hong Kong (PCPD) for providing an overview of the recently published “Artificial Intelligence: Model Personal Data Protection Framework”. Co-hosted by PWMA and the Hong Kong Investment Funds Association (HKIFA), over 200 participants dedicated time to enhance their understanding of challenges posed by AI to personal data privacy and how these risks might be mitigated.

Key highlights include:
– The challenges faced by financial organizations, such as cyber threats and data breaches
– Strategies for balancing privacy with the ethical risks and opportunities presented by AI
– Recommendations for procuring, implementing and using third-party AI Solutions
– An overview of the Ethical Development and Use of Artificial Intelligence paper by PCPD

These valuable insights were informative and helpful as we navigate the evolving landscape of AI in the private wealth management industry. If you missed this training session, stay tuned for future sessions as we continue to explore these important topics together!