15 November 2024 09:00 to 16 November 2024 12:05@ Boston, United States
Location: Federal Reserve Bank of Boston, Boston, United States
Date: November 15th-16th 2024
Format: In-Person Conference
As we stand at the cusp of potentially transformative advances in big data, machine learning, and generative artificial intelligence, it is imperative that we explore the important questions about how technology will influence finance in the years ahead: What are the new financial services that have been – and will be – enabled by these technologies? Will these technologies change the delivery of financial services such that, for example, they are increasingly provided by nontraditional intermediaries and are more accessible to underserved consumers and communities? And to what extent will such changes make the financial system more efficient and resilient as well as more equitable? While a greater volume of data can improve the efficiency and security of financial services, it can also jeopardize the privacy of information and lead to less equitable access to those services. New technologies can enhance efficiency, but they can also increase market power. This conference will bring together researchers, regulators, supervisors, and industry practitioners to review past lessons and preview the future of finance and the opportunities and challenges being raised by the current wave of new technologies.
