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Course Outline

Module 1: Introduction to AI in Finance

  • Core principles of Artificial Intelligence
  • Overview of Machine Learning and Generative AI
  • Current trends in AI within financial services
  • Advantages and obstacles of AI adoption

Module 2: AI Applications in Banking and Financial Services

  • Smart customer service and conversational AI
  • Enhanced credit scoring and lending optimization
  • Advanced wealth management and robo-advisory platforms
  • Open banking ecosystems and FinTech innovations

Module 3: Financial Data Analytics with AI

  • Strategies for data-driven decision making
  • Predictive analytics and financial forecasting
  • Analyzing customer behavior patterns
  • Forecasting market trends

Module 4: AI for Risk Management

  • Evaluating credit risk
  • Analyzing market risk
  • Monitoring operational risks
  • Implementing AI-based early warning systems

Module 5: Fraud Detection and Anti-Money Laundering (AML)

  • Advanced fraud detection methodologies
  • Transaction monitoring systems
  • Anomaly detection models
  • Applications for AML compliance

Module 6: Generative AI for Finance

  • Utilizing Large Language Models (LLMs)
  • AI-assisted financial reporting
  • Automation of report generation
  • Prompt engineering tailored for finance professionals

Module 7: AI Governance, Ethics and Compliance

  • Principles of responsible AI
  • Regulatory requirements in the financial sector
  • Frameworks for AI risk management
  • Considerations for data privacy and security

Module 8: AI Strategy and Implementation

  • Formulating an AI roadmap
  • Developing business cases for AI initiatives
  • Managing change and fostering adoption
  • Evaluating the success of AI projects

Module 9: Practical Workshops and Case Studies

  • Analysis of real-world financial AI use cases
  • Scenarios focusing on risk and compliance
  • Demonstrations of AI tools
  • Group discussions and practical exercises

Requirements

Prospective participants are expected to possess:

  • A foundational grasp of financial services, banking operations, accounting principles, or investment concepts.
  • Experience with business reporting and basic data analysis.
  • No prior experience in AI or programming is necessary.
  • A strong interest in digital transformation and the adoption of emerging technologies within finance.
 35 Hours

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