As part of Baiduri Capital’s efforts to keep its clients up to date on the latest developments in the global market, a seminar titled ‘AI in Investment Management – Gaining an Edge’ was held at the Baiduri Community Space, Baiduri Bank Headquarters on the evening of Tuesday, 28 February 2023.
Artificial Intelligence (AI) is becoming increasingly prevalent and has shown to possess the potential to bring about significant changes in education, medicine, arts and even politics.
Focusing on the impact of AI in the financial industry, some 90 guests attended the seminar that featured an expert from Baiduri Capital’s fund partners – Lion Global Investors and looked at the possibility of AI being trusted to make sound and effective investment decisions or manage multi-million-dollar portfolios.
Ong Ai Ling from Lion Global Investors shared how they have incorporated the benefits of AI and Machine Learning into managing selected investment portfolios including the LionGlobal Disruptive Innovation Fund (GDIF).
The fund is an all-equity portfolio that invests in global companies that are currently well-positioned to gain long term benefits from the growth potential of disruptors – companies that change the traditional way an industry operates, especially in new and effective ways.
The speaker is also the Head of Artificial Intelligence of Investments (AIOI) and Portfolio Manager for the LionGlobal Disruptive Innovation Fund (GDIF), with nearly two decades of experience in managing Asia-Pacific and global equity investments.
Emphasising the increasing positive use of AI in the banking and financial industry, earlier this month Baiduri Bank also announced its agreement with finbots.ai, a Singapore headquartered B2B SaaS FinTech, to modernise the Bank’s credit risk management using AI. This will enable the Bank to develop and deploy new credit risk scorecards faster and more cost effectively, at scale.
With this move, Baiduri Bank will be the first bank in Brunei to migrate to an AI-led credit risk management solution. The pivot to finbots.ai is part of Baiduri Bank’s strategic investments in business transformation journey and leveraging technology to elevate operating efficiencies, analytics capabilities, and customer experience.
In his welcoming remarks, Brian Wong, General Manager of Baiduri Capital emphasized how AI has impacted several industries, as well as how major economies are keeping a close eye on further developments in AI, and how these global factors affect the investors locally.
He said: “Recently the topic of AI, more specifically about the use of artificially intelligent chatbot ChatGPT, was even brought up in various instances at the National Business Conference 2023 about how Brunei can best incorporate digitalisation into the economy, businesses, cities and societies to become a Smart Nation.
“The rate of how AI has been used is extremely quick, and its applications almost endless. It begs the question, what if AI were able to help us with important investment decisions and generate consistent returns for our retirement portfolio?”
The National Business Conference 2023, held on 2 February 2023, brought together key stakeholders in the Brunei economy to discuss economic diversification, growth and the digitalisation and sustainability agenda. The aim of the conference was to discuss how the public and private sector can collaborate to advance a sustainable digital economy and work towards achieving Wawasan 2035.
The topic of AI was brought up during a keynote address by Yang Berhormat Pengiran Dato Shamhary bin Pengiran Dato Paduka Haji Mustapha, Minister of Transport and Infocommunications, as well as in a panel discussion attended by Yang Mulia Dato Seri Paduka Haji Khairuddin bin Haji Abdul Hamid, Deputy Minister (Economy), Ministry of Finance and Economy on Brunei as a Smart Nation.
The seminar ended with a question-and-answer session between the speaker and the audience, while the team from Baiduri Capital were also on hand to answer questions the audience had.
Established in 2015, Baiduri Capital is a wholly-owned subsidiary of Baiduri Bank, specialising in securities trading and investment products. Through its secure web-based online securities trading portal, the first and only in the country, customers can trade in SGX (Singapore), HKEx (Hon g Kong), China A-Shares, Bursa Malaysia, the New York Stock Exchange (NYSE), NASDAQ Stock Market as well as the NYSE MKT LLC (AMEX). On top of securities trading, Baiduri Capital also offers Unit Trusts, ETFs, Bonds and Investment Linked Life Insurance plans.
For further information on Baiduri Capital’s products and services, you can visit Baiduri Capital’s website at
www.baiduri.com.bn/baiduri-capital or call 226 8588 during office hours.
