CFTE launches AI in Finance online course
Singapore’s Ngee Ann Polytechnic (NP) and London’s Centre for Finance, Technology and Entrepreneurship (CFTE) have joined forces to launch the AI in Finance (AIF) course – “to give financial professionals a good grasp of the emerging technologies that are shaping their industry’s future”.
Two major Singaporean financial institutions, OCBC Bank and United Overseas Bank (UOB), have come on board as anchor sponsors for AIF.
UOB’s head of group HR, Jenny Wong, states: “Ensuring that our people have the relevant skillsets and agile mindsets is a priority at UOB.”
Meanwhile, OCBC Bank, which well-known for its interest and multiple initiatives in AI, have committed up to 1,000 training places for AIF.
Despite the growing awareness of AI technology, many people working in the financial services sector are still unfamiliar with AI and the impact is having on the industry, NP and CFTE feel.
“AI is a technological driving force that no industry can ignore. Some studies estimate that about 50% of today’s tasks would be assisted by AI in the next 20 years,” comments NP’s principal, Clarence Ti.
“With Singapore and London gaining recognition as leading fintech hubs of the world, it is timely for NP and CFTE to launch an industry-led course that provides finance professionals and others a practical guide to AI.”
Huy Nguyen Trieu, co-founder of CFTE, adds that his firm’s “objective is to equip students with the right skills to thrive in a world of digital finance, and AI is one of the single most important drivers transforming finance”.
The course consists of 18 online modules, covering a broad range of topics, from the basics of AI technology to the implementation of AI at the strategic level.
Patrice Choong, director for The Sandbox, NP’s innovation and enterprise office that is spearheading the joint development of AIF with CFTE, emphasises the course is not just a theoretical programme. “Instead, it will provide an industry overview of AI, with observations from industry insiders and thought leaders from the US to China,” he says.
“Participants will be exposed to industry insights and real-life case studies to ensure that the content is relatable to them. For example, there are already applications of AI in areas such as insurance, credit scoring and customer service. All these case studies will form part of the course content and discussion.”
AIF is accredited by SkillsFuture Singapore, a national movement to provide Singaporeans with the opportunities to develop their fullest potential throughout life, regardless of their starting points. It is also in the process of obtaining accreditation with The Institute of Banking and Finance Singapore.
Singapore citizens and permanent residents will receive 70% government subsidy for the course fees.
AIF will commence its inaugural run on 24 June 2018.
Click here to register in Singapore.
Click here for registration outside Singapore.