7:13 - Democratizing AI
9:37 - You’re right to be worried about AI
11:38 - The EU AI Regulation Act
20:13 - Expanding to the US
32:30 - How to enter a new market
This episode was co-produced with Switzerland Global Enterprise. Click here to learn more about the SWISS Pavilion at Singapore Fintech Festival 2024, mentioned at the start of the episode.
Elena Maran is the Global Head Financial Services at Modulos AG, an ETH spin-off developing and operating AI products and services in a new regulated environment. She holds a MSc in Finance from Università Bocconi and previously worked at banks like Lehman Brothers, Morgan Stanley and Citi Group before joining Modulos in 2022.
Angela di Rosa is the Senior Consultant Southeast Asia and Fintech Internationalization Expert at Switzerland Global Enterprise, the official Swiss organization for export and investment promotion, which supports Swiss SMEs in their international business, and helps innovative foreign companies to establish in Switzerland.
Modulos offers a Responsible AI Platform that seamlessly integrates AI governance, risk management, and data science, ensuring that your organization remains compliant while innovating. Platforms like these have become increasingly relevant ever since the passing of the EU AI Regulation Act back in March 2024. This AI Act is the most comprehensive effort at regulating AI so far, and punishes failure to comply with its requirements with a fine of up to 7% of a company’s annual turnover. Although Switzerland is not part of the EU, any Swiss company that deals with EU customers will be forced to comply with this new piece of legislation.
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