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Course Outline
AI as a Strategic Asset in Financial Services
- The pivotal role of AI within contemporary financial ecosystems.
- Utilising AI for fraud detection, credit scoring, and deriving customer insights.
- Balancing the business value of AI adoption against operational complexity.
Responsible AI: Ethics and Fairness in Financial Applications
- Defining ethical AI: exploring core principles and industry standards.
- Assessing the risks of bias and discrimination in algorithmic decision-making.
- Strategies to ensure fairness, transparency, and accountability.
Regulatory Environment for AI in Financial Services
- An overview of global AI regulations, including the EU AI Act and US guidance.
- Regulatory requirements regarding explainability and model validation.
- Preparing for compliance reporting and audits of AI systems.
AI Governance and Risk Management
- Establishing internal governance structures for AI.
- Defining roles and responsibilities for data owners, model risk managers, and compliance leads.
- Managing third-party risks and ensuring vendor accountability.
AI Implementation Challenges and Success Factors
- Strategic planning and change management for successful AI adoption.
- Assessing skills, infrastructure, and cultural readiness in financial institutions.
- Insights gained from early adopters in global finance.
Case Studies in Responsible AI for Financial Institutions
- Fintechs leveraging AI responsibly in lending and wealth technology.
- Traditional banks modernising risk management through AI.
- Examining ethical missteps and their impact on public trust.
Designing an AI Roadmap with Ethics and Regulation in Mind
- Setting AI objectives that align with strategic and compliance goals.
- Formulating a roadmap for ethical AI deployment within your institution.
- Strategies for internal communication and stakeholder engagement.
Summary and Next Steps
Requirements
- A solid grasp of financial services operations
- Awareness of fundamental digital transformation principles
- A keen interest in the strategic and ethical dimensions of AI
Target Audience
- Senior leaders in banking and finance
- Fintech managers and transformation specialists
- Professionals responsible for compliance and governance
7 Hours
Testimonials (1)
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