New program provides insights into AI for the financial industry

As anyone who once stood in line to speak with a bank teller knows, technology has changed financial services in ways few of us could ever have imagined.

With the advent of artificial intelligence (AI), the tech revolution is only accelerating, reaching into areas ranging from simple account transactions to sophisticated risk and investment modelling.

AI is made possible by the development of big data, that wealth of information collected every time we click on a web site or phone app and reveal small insights into our like and dislikes. The data points that once revealed patterns and trends to experts are now informing automated processes that can determine what we want to do and present us with options in the blink of an eye.

Although still very much in its infancy, AI for fintech is becoming influential across the sector as financial industry players from big banks to hedge funds try to leverage consumer data to offer their clients and prospects more competitive and customized products and services.

Artificial Intelligence (AI) in FinTech for Company Growth is a new, two-day, non-technical primer designed to give financial industry executives the knowledge and insight required to begin leveraging AI-based applications for competitive advantage. Beginning with a detailed description of what AI actually is (and isn’t…) this program will also introduce cutting-edge techniques in financial modelling to give executives an insight into where this trend is going and how to adapt to it.

“AI is a term that this used all the time nowadays but very few people in industry actually know what AI encompasses,” says Ikjyot Singh Kohli, program creator and facilitator at the Schulich ExecEd and an instructor in the Schulich School of Business at York University. Participants will be introduced to the latest applications of AI technology, such as providing better personal banking experiences to customers using AI through websites, mobile phone apps and smart devices.

But AI is also reaching into areas once know as the preserve of expert financial advisers, including services such as product recommendations and investment advice. AI can also help organizations better understand their customers, allowing them to create data profiles of how best to serve them now and in the future.

What is unique about this program is that it also delves into the use of new AI modelling techniques, such as risk and investment trend predictors. “This program really emphasizes the use of models that strive to improve upon existing methods in financial modelling, from derivatives pricing to interest-rate modelling. It is a very unique program in that sense,” Kohli said.

By the end of this seminar, participants will be able to speak intelligently about AI for fintech and machine learning, and gain insight into how they can harness the potential of these tools for various. They will be better able to collaborate with data scientists to develop robust, customized applications and implement cutting-edge machine learning and AI technologies which will position their company for competitive advantage and growth.

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Artificial Intelligence (AI) in FinTech for Company Growth starts Nov. 26 at Schulich ExecEd’s Executive Learning Centre. For more information and to register, visit the program website today.