Experts examine AI's impact on Thailand's financial services...

Embrace AI or be left behind, an expert said at the Asian Banking & Finance and Insurance Asia Summit today. Financial experts warned that fully banking on artificial intelligence (AI) won't guarantee a positive return on investment but pinned that clean data, industry collaboration, and proper risk management are key to navigating volatility. During the Asian Banking & Finance and Insurance Asia Summit today, spokespersons from the industry discussed Thailand's challenging financial landscape. The event, which received over 220 attendees, was held at the Renaissance Bangkok Ratchaprasong Hotel. Warotai Kosolpisitkul, International Economic advisor, Fiscal Policy Office, Ministry of Finance, underscored the nation's commitment to digital finance expansion. Highlighting the success of PromptPay and QR-code-based transactions, he noted that "Thailand takes pride in adopting and expandi...