Fintech PR
Global Dialogue on AI-Led Innovation, Governance, and Impact on Humanity Continues on Day 2 of GAIN Summit 2024
RIYADH, Saudi Arabia, Sept. 12, 2024 /PRNewswire/ — Day two of the Global AI Summit (GAIN) continued to address themes on AI-led innovation, governance, policymaking, and the impact of the technology on humanity.
The second day of GAIN 2024 commenced with a keynote speech from Antony Cook, Corporate Vice President and Deputy General Counsel at Microsoft, on “AI Governance: Principles to Promote Responsible AI and Access”. His speech set the agenda for the day, which centered on the pressing need for a comprehensive AI framework that promotes the ethical and responsible use of this transformative technology.
It was followed by a high-level panel discussion titled “The Governance Roundtable: Stakeholder Representation and Decision-Making Dynamics,” featuring industry leaders, including Priya Nagpurkar, Vice President of IBM Research and Alan Qi, President of Huawei Cloud Middle East & Central Asia.
Panelists discussed the importance of establishing a global AI governance code, aligning with the summit’s theme – Artificial Intelligence for the Good of Humanity. They emphasized that AI governance is pivotal in balancing the benefits and risks associated with these technologies and highlighted the urgent need for robust infrastructure to facilitate access to communication networks and AI services globally. Additionally, they stressed the importance of cultivating a deeper societal understanding of AI ethics, advocating for clear policies that promote transparency, ethical use, and sustainability in business operations.
Day two also focused on AI’s transformative potential in employment, sports and healthcare.
Hosted by the Saudi Data and AI Authority (SDAIA), GAIN has established itself as a global event that fosters collaborations between local and international stakeholders.
Noteworthy announcements on the second day included:
Huawei: SDAIA and Huawei signed a Memorandum of Understanding (MoU) to establish a program for training and developing talent in ICT and AI, enabling them to lead the future of technological innovation in Saudi Arabia. They also plan to launch a joint promotional campaign to introduce AI technologies to society through AI publications, social media platforms, and events.
ICESCO: The Islamic World Educational, Scientific and Cultural Organization (ICESCO) and SDAIA unveiled the Riyadh Charter for Artificial Intelligence for the Islamic World. This charter aims to advance ethical AI. It establishes a comprehensive framework for developing AI technologies that align with the values and principles of the Islamic world, while promoting sustainable development and fostering international cooperation.
Deepfakes: SDAIA launched an official guidelines document to demonstrate how to responsibly and ethically optimize the use of AI tools, particularly deepfakes. The initiative aims to empower stakeholders to harness the positive potential of deepfake technologies while clearly identifying their associated risks. The guidelines are now open for public consultation.
Thakai: SDAIA also launched the “Thakai” platform, a first-of-its-kind integrated AI data and content sharing knowledge hub, designed to unite AI experts and enthusiasts around the world. The new platform has been developed in partnership with prestigious academic institutions, think tanks, and global companies, including UC Berkeley, King Saud University, Chatham House, the International Data Corporation (IDC), and PwC.
Pearson: SDAIA and Pearson signed an MoU to advance AI capabilities and nurture digital talent in Saudi Arabia. The partnership aims to develop vocational qualifications specifically tailored to the AI and digital sectors. Additionally, it outlines the creation of digital certifications to empower individuals, enhancing their employability and career advancement opportunities in the rapidly expanding tech industry.
By hosting this third edition of the summit, SDAIA has demonstrated its commitment to advancing innovation, contributing to the nation’s economic diversification objectives as outlined in Vision 2030.
View original content:https://www.prnewswire.co.uk/news-releases/global-dialogue-on-ai-led-innovation-governance-and-impact-on-humanity-continues-on-day-2-of-gain-summit-2024-302246107.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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