UNSW has had a long tradition of working in the field of Fintech as illustrated in its leading participation in the Capital Markets Cooperative Research Centre (CMCRC) in the early 2000s. The establishment of the Fintech AI Innovation Consortium (FAIC) represents the culmination of these efforts as well as building on UNSW's strength in digital innovation technologies and AI applications driven by both the Engineering and Business faculties. In particular, UNSW has launched a flagship university-wide research institute that will support the activities of over 300 UNSW researchers working across AI.
FAIC will support multidisciplinary research collaboration projects between UNSW academic teams and industry partners in areas related to transitioning AI systems from experimental to business settings considering their impact on software engineering practices, financial ecosystems and responsible AI issues. A number of research projects have been initiated with sponsorship from several industry partners notably Westpac, BrewAI, Cognitivo, AWS and Databricks.
During this launch event, a number of presentations will be made regarding the goals of the consortium and the role of the various participants. It includes a panel session focusing on the economic potential of AI and discussing Australia’s positioning in this space. Academics and industry partners interested to work in the space are invited to attend this event and potentially engage with the consortium.
