Eltropy to Host Leadership Summit at Sundance to Spotlight "Safe AI" in Community Banking

Lehi, Utah, August 23, 2024

Eltropy, the Lehi and Santa Clara-based AI-powered conversations platform for community financial institutions (CFIs), will host its 2024 Leadership Summit at picturesque Sundance Mountain Report in Provo Canyon, Utah on August 26-28, 2024.

The focus of the conference is "Safe AI" in the financial sector. 

The third annual Eltropy Leadership Summit will bring together thought leaders, industry experts, and financial professionals across the industry to explore the responsible and ethical implementation of AI technologies in credit unions and community banks.

As artificial intelligence continues to reshape the financial services landscape, Eltropy recognizes the critical need for a more balanced approach that harnesses AI's potential while prioritizing security, compliance, and member trust. The summit will delve into Eltropy's pioneering "Safe AI" framework designed to guide community financial institutions through the complexities of AI adoption.

"The financial industry stands at a crossroads where AI promises incredible efficiency gains but also raises important questions about safety and ethics," said Ashish Garg, Co-founder and CEO of Eltropy. "Our Leadership Summit will tackle these challenges head-on, offering practical insights on how credit unions and community banks can leverage AI responsibly to enhance member services without compromising trust or regulatory compliance."

Key topics to be covered at the summit include:

• Implementing AI guardrails for regulatory compliance
• Balancing automation with the human touch in member services
• Enhancing fraud detection and prevention through AI
• Ensuring data privacy and security in AI-driven systems
• Strategies for ethical AI development and deployment

This year’s Eltropy Leadership Summit will feature the following speakers from the financial services industry:

• Kent Lugrand, President and CEO, InTouch Credit Union
• Mike Schenk, Deputy Chief Advocacy Officer for Policy Analysis and Chief Economist, America's Credit Unions
• Mike McWethy, Executive Vice President, Texans Credit Union
• Joseph Zito, Principal and Shareholder, Doeren Mayhew
• Rodney Hood, former Chairman, National Credit Union Administration Board
• Herb White, Principal and CEO, Sharonview Federal Credit Union
• Jay Curtis, CEO, First Credit Union
• Eryka Ragsdale, VP of Member Services, Credit Union of Texas
• Chris Howard, Senior Vice President, Callahan & Associates
• Amanda Crocker, COO, SWIVEL
• Ravi Sandepudi, CEO, Effectiv
• Karen Kourndourakis, SVP, Member Experience Officer, Suncoast Credit Union
• Brad Shafton, EVP, IT & Digital, Magnifi Financial
• Sachin Kundra, EVP, Chief Information Officer, Chevron Federal Credit Union
• Sierra Sorensen, VP of Branch Technology and Innovation and Retail Development, America First Credit Union

The event will include a keynote address on "The Future of Safe AI in Community Banking" by Eltropy Head of AI Products Saahil Kamath. Additionally, discussions other customers will provide attendees with practical knowledge and skills for implementing Eltropy's Safe AI framework within their institutions.

"We're not just showcasing technology; we're building a dialogue about responsible AI use in finance,” said Kamath. “Attendees will leave with a clear understanding of how to navigate the AI landscape safely and effectively, tailored specifically to the unique needs of credit unions and community banks."

The Eltropy Leadership Summit has become a cornerstone event for forward-thinking CFI professionals. Deliberately kept intimate to encourage meaningful connections and in-depth discussions, this exclusive gathering brings together select industry leaders from across the country.

"This year's focus on Safe AI couldn't be more timely," added Ashish Garg. "As we've rolled out our AI suite, we've seen firsthand both the excitement and the apprehension surrounding these technologies. Our goal is to equip attendees with the knowledge and tools they need to confidently lead their institutions into the AI era, always keeping member interests at the forefront."

Eltropy extends its gratitude to the event sponsors: Effectiv, SWIVEL, and Datava, whose support has been instrumental in making the summit possible.

To learn more about the event, visit 2024 Eltropy Leadership Summit.