BOARD OF CHANGEMAKERS:
FINANCIAL MARKETS

The panel discusses the transformative potential of AI and private credit in the financial sector. Jane Fraser emphasizes AI's operational benefits, personalization opportunities, and risk management capabilities, while advocating for a team-sport approach to private credit. Venkat highlights AI as a general-purpose technology and emphasizes the importance of managing workforce transitions. Bill Winters addresses the balance between traditional and private credit, noting the complementary roles and the impact of regulation. Chairman Miket discusses the role of banks amidst the rise of fintech and non-bank financial institutions. Russel highlights how banking in the Middle East is advancing towards full automation and leveraging AI. The panel also explores the role of private markets in Africa, with Tony Elamulu emphasizing the need for infrastructure development and capital deepening. The speakers agree that infrastructure for AI development is important.