Keynote Speakers

Dr. Shakir Ullah

Keynote Title “The New Realities of Big Data, Artificial Intelligence, and FinTech: Future Prospects and Implications”

Abstracts: Even though we may argue that big data, Financial Technologies (FinTech), and Artificial Intelligence (AI) are new phenomena, they existed before we coined the modern terms. Big Data accumulated before we even realized it Big Data existed. AI helped us analyze the growing data before we thought it was AI and FinTech was there to make the large amounts of financial data more meaningful.

As big data accumulated over time, analyzing it for decision-making became increasingly difficult for human minds to tackle. So, AI was needed to do the job, and FinTech plays a role in the specific realm of the financial world. All that information had to be analyzed by humans for decision-making purposes. This used to be a tedious, time-consuming task and even resulted in inefficient decisions. All of these tasks are now done by AI systems. The human involvement is in these decisions is shrinking day by day. For example, we had to do numerous hours of calculations to analyze stock data for placing a single order. This process has been automized so much that the AI analyzes the data for us and trades on our behalf and has proved to be making more money than an average investor. In the marketing and customers relations space, AI is the driver in making critical decisions. Customers’ social activity, product reviews, likes/dislikes, shared content, and even their searches for specific products are analyzed by the artificially intelligent machines, loyalty/rewards applications, and CRM (customer relationship management) systems. Finance is being transformed by AI, big data and blockchain technologies. The emerging technologies of decentralized finance (DeFi) and Non-Fungible Tokens (NFTs) will transform the world in the years to come. All businesses and in particular, financial institutions must embrace these new technologies before its too late.

This keynote speech sheds light on the future prospects and challenges for businesses in the emergence of these new technologies.

Bio: Dr. Shakir Ullah is working as an Associate Professor of finance at the University of Maryland Global Campus and the University of Louisiana Monroe, in the United States. He is also a Doctoral Dissertation Chair at the California Intercontinental University. Earlier, he worked as Dissertation Chair at Georgetown University, Washington D.C, as a faculty of finance at Stratford University, Virginia, as the Chair of Stratford University’s Institutional Review Board (IRB), as lecturer at the University of Southampton, United Kingdom, and as Global Business Analyst at Euromonitor International,

Shakir holds PhD in finance from the University of Southampton, UK, and MBA in finance from KDI School of Public Policy and Management, South Korea. He is a published author in Financial Times top 20 journals including the Journal of Business Ethics