Ghaia Investment Holding and Chicago Global’s booth at Money2020 Middle East
Discussions around AI governance took center stage during Money20/20 Middle East in Riyadh, Saudi Arabia, as Ghaia Investment Holding and Chicago Global participated in industry panels on the future of financial services. The two firms examined the role of automated technology in investment decision-making and institutional accountability.
Parallax Investment Intelligence Platform
During the event, the companies presented a live demonstration of Parallax, an artificial intelligence platform developed by Chicago Global that launched in Saudi Arabia earlier in 2026. The platform analyzes market data in real time to support banks, asset managers, and investment professionals with research, portfolio construction, and risk assessment.
Parallax processes more than one billion data points each week across 48 global markets. It tracks over 65,000 companies globally, including 387 publicly listed firms in Saudi Arabia, supporting more than one million users and investment portfolios worldwide.
AI Governance and Model Accountability
Ivan Chelebiev, Founder and CEO of Chicago Global, spoke on a panel titled “Who Should Allocate Capital?” to evaluate the impact of intelligent systems on venture investing and corporate economy practices. The session focused on the balance between automated algorithms and human oversight.
“As AI becomes increasingly integrated into financial decision-making, transparency and explainability 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.”
Ivan Chelebiev, Founder and CEO of Chicago Global
Ben Charoenwong, Founder and Chief Scientist at Chicago Global and Associate Professor of Finance at INSEAD, addressed institutional liability during the panel “When AI Fails: Who Pays?”. He stressed that effective AI governance requires clear audit trails and alignment with fiduciary standards before large-scale system deployments occur.
“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.”
Ben Charoenwong, Founder and Chief Scientist at Chicago Global
Alignment with Saudi Financial Objectives
The partnership between the Riyadh-based holding group and the Singapore-regulated investment firm aims to supply local institutions with analytical tools. Alwaleed Alshuwaier, Director of Corporate Affairs at Ghaia Investment Holding, noted that establishing AI governance frameworks remains critical as Saudi Arabia expands its financial technology sector under Saudi Vision 2030 initiatives.
Future Institutional AI Deployment
As financial institutions continue to adopt automated analytics, both companies indicated that verification and model transparency will determine long-term integration. The organizations plan to continue developing investment tools that comply with regulatory requirements across local and regional capital markets.
