The future of artificial intelligence in financial services, investment decision-making and institutional governance was highlighted at Money20/20 Middle East.
Ghaia Investment Holding and Chicago Global participated in the discussions. The two organisations highlighted both the transformative opportunities and governance responsibilities associated with the growing adoption of AI across the investment ecosystem.
As part of the event, the companies showcased Parallax, Chicago Global's AI-powered investment intelligence platform, which launched in Saudi Arabia earlier this year. The live demonstration gave attendees insight into how AI-driven investment recommendations are generated and validated, highlighting the importance of transparency, explainability, and evidence-based decision-making.
Advanced investment intelligence
Introduced amid the rapid evolution of Saudi Arabia's financial sector under Vision 2030, Parallax equips financial institutions with advanced investment intelligence capabilities powered by real-time analysis of global and local market data. The platform supports banks, asset managers, and investment professionals with sophisticated research, portfolio construction, and risk assessment tools, helping strengthen investment decision-making and governance.
Built on more than a decade of research and innovation in finance and artificial intelligence, Parallax processes over a billion data points each week and covers more than 65,000 companies across 48 global markets, including 387 publicly listed companies in Saudi Arabia. The platform supports more than one million users and investment portfolios worldwide.
"As AI becomes increasingly integrated into financial decision-making, transparency and explanation are no longer optional. Investors and institutions need to understand not only what recommendations are being made, but why they are being made. Trust in AI will ultimately depend on the ability to verify, challenge, and understand its outputs," said Ivan Chelebiev, Founder and CEO of Chicago Global.
Evolving role of governance
Speaking on the evolving role of governance in financial AI, Ben Charoenwong, Founder and Chief Scientist at Chicago Global and Associate Professor of Finance at INSEAD, said: "The financial industry's challenge is no longer whether AI can make decisions, but how institutions can ensure those decisions remain accountable, auditable, and aligned with regulatory and fiduciary obligations."
During the conference, Chelebiev participated in the panel discussion titled "Who Should Allocate Capital?", which explored the growing role of AI across venture investing, private markets, and corporate finance. The session examined how intelligent systems are reshaping capital formation and investment decision-making while highlighting the importance of governance frameworks, human oversight, and institutional accountability.
Charoenwong also joined the panel "When AI Fails: Who Pays?", which addressed one of the most pressing issues facing the financial sector as autonomous technologies continue to evolve. The discussion focused on liability, model oversight, institutional responsibility, and the governance structures required to ensure accountability before AI-powered financial systems are deployed at scale.
Throughout the event, visitors to the joint exhibition booth engaged directly with experts from both organisations to discuss the future of AI-enabled investment intelligence and its role in supporting more informed institutional investment decisions.
Rapidly advancing
Commenting on the significance of these discussions, Alwaleed Alshuwaier, Director of Corporate Affairs at Ghaia Investment Holding, said: "Saudi Arabia is rapidly advancing as a hub for financial and AI innovation. As the kingdom accelerates its Vision 2030 ambitions, ensuring transparency, accountability, and strong governance will be essential to realising the full potential of AI in finance."
Through this collaboration, Ghaia is helping Saudi financial institutions connect with globally proven investment intelligence technologies that enhance transparency, strengthen governance, and support more informed investment decision-making.—TradeArabia News Service
