Course Details
Course Outline
5 days course
Introduction to AI and Data Basics
- Differentiate between ML and AI use in banking, and how both can be used to solve consumer challenges
- Understand how AI complements human intelligence and how can this be used to solve specific business problems
- Learn why data-based decision making impacts end consumers and transforms industries
- Understanding the ethical challenges that arise from AI and ML
Open Banking and the Data Revolution.
- How Open Banking is creating competition for the incumbents by unbundling the financial services that banks offer, and the opportunities being created
- Thinking through the challenges and the regulations, considering views from different markets and how Open Banking has been regulated
- Evaluating what opportunities and challenges have arisen, and what impacts have been made on the industry
AI in Incumbent Banks and The Opportunities for New Entrants.
- Views from incumbent banks with a realistic view of how they are making use of AI, their challenges and successes, potential for services enhancement, and how they can transform themselves through AI
- Views from new fintech entrants, the opportunities they are presenting, and the challenges that they are facing
Platforms as Key Market Players.
- Who are the platforms - Amazon, Google, Apple, etc. - and how are they disrupting the financial sector with data?
- How will regulations and Open Banking impact platforms?
- What should businesses be thinking about and doing in the face of possible disruption by the platforms?
AI Opportunities, Pitfalls, and Ethics
- How can discrimination and privacy issues be avoided in data usage?
- What are the current related legal challenges and how are they dealt with around the world?
- Compare the ethics of competition between small and large companies
Open Data, AI Strategy, and The Future.
- What opportunities and challenges does it create?
- Understanding the evolving nature of AI and how to create feasible strategies
Evaluate trend predictions for both the private and public sector - Synthesise your six week learning journey with presentation of an experiential learning “capstone project”
