Thailand, Philippine central banks discuss AI, digital payments in bilateral meeting

They discussed the use of AI to support the central bank’s work, amongst others.

The Bank of Thailand (BOT) and the Bangko Sentral ng Pilipinas (BSP) have held a bilateral meeting on 7 October 2024.

The two central banks reportedly exchanged “deep insights and experiences on the development of capital markets in both countries,” according to a statement posted on the BOT website.

They also discussed the advancement of their digital payment systems.

The meeting also discussed the use of artificial intelligence (AI) to support the central bank’s work, both for internal processes and the design of policy actions and regulatory measures.