Artificial intelligence (AI) is set
to change the way the society works, including the financial sector. However, most
finance professionals in Singapore are still unfamiliar with the technology and
its impact on the industry.
Seeing the
need to prepare finance professionals for the future, Singapore’s Ngee Ann Polytechnic (NP) and London-based Centre for Finance, Technology and
Entrepreneurship (CFTE) jointly
launched the first industry-led AI in Finance online course. The collaboration addresses the needs of professionals in finance and technologists to up-skill in a rapidly changing industry being transformed by emerging technologies.
NP and CFTE brought together over 20 industry insiders and thought leaders to curate a programme on AI for the industry. Started in 1963, NP is an institution of higher learning in
Singapore with 15,000 enrolled students in over 40 disciplines. CFTE is a fintech education platform supported by senior leaders from the largest
institutions, startups and universities.
The
accredited AI in Finance course seeks to update
finance professionals and technologists on the AI revolution and connect
learners with experts in AI. With expected enrolment to hit 2,000, the course will commence it inaugural
run on 25 June 2018.
The course will be conducted entirely online, which allows
global participation and the flexibility for busy professionals to complete it
in their own time. Comprising 18 modules, the structured programme will cover a
wide range of topics, from the basics of AI technology to the implementation of
AI at the strategic level. It aims to offer practical industry insights and
real-life case studies to ensure that the content is relatable.
The program targets primarily finance professionals
including those in capital markets, front-office, compliance, risk management
and insurance. It is also applicable to technologists, entrepreneurs,
regulators, lawyers, fintech educators, business writers, as well as students
from countries across the world including the UK, Singapore and other ASEAN
countries. Its online format allows for independent, self-paced learning, where
the content delivered by a diverse group of AI experts can be accessed at any
time.
The program
is also supported by industry players, including DBS and PayPal. Two
local banks, OCBC Bank and UOB, have also came on board as anchor sponsors for
the programme. Committing up to 1,000 training places, OCBC Bank is keen to
equip its employees with skills that are relevant to the future economy and
sees AI as an increasingly important area for banking.
The course is supported by SkillsFuture Singapore (SSG) and
is in the process of obtaining accreditation with the Institute of Banking and
Finance Singapore. Singapore Citizens or Permanent Residents will enjoy 70%
government subsidy for the course fees.
