AI for Finance Managers – Booked Out

Start date: 22 May 2024

Duration: 1 Day - 22nd May (9:30am - 4:30pm)

Location: Creative Spark

Certificate: N/A

Cost: €149 Members (Non Chamber Member - €199)

Course code: N/A

Programme overview

This workshop is designed to introduce non-technical finance managers to practical applications of artificial intelligence (AI) in finance, enhancing operational efficiency, decision-making, and regulatory compliance.

Participants will leave with a comprehensive understanding of AI's role in finance, equipped with actionable tools and knowledge to initiate AI-driven improvements within their organisations.

Learning Outcomes

Upon satisfactory completion of this workshop you will be able to:

Recognise the Potential of AI in Finance: Understand how AI can be leveraged to enhance forecasting, risk management, and compliance.

Apply AI Tools Effectively: Be able to identify and deploy off-the-shelf AI products like ChatGPT and ROWS to improve operational processes.

Navigate Regulatory Environments: Gain knowledge of the EU AI Act and other relevant regulations to ensure their AI implementations are compliant and ethically sound.

Who Is This Course For?

This programme is aimed at anyone involved in financial Management

Modules

Overview of AI in Finance

1. Current AI Landscape in Technology

– Major Players Update: Discuss the latest developments and initiatives from leading AI entities such as NVIDIA, OpenAI, and Google. Focus on their recent advancements in AI technologies and how these impact financial services.

2. Introduction to AI in Finance

– What is AI? Brief explanation of AI technologies and their foundational concepts.
– Relevance to Finance: Exploration of how AI is transforming the financial sector, particularly in analytics, decision-making, and compliance.

3. Impact on Financial Operations
– Case Studies:

– Budget Forecasting with AI: Lemonade Insurance: How Lemonade uses AI for dynamic pricing and efficient claims handling.
– Risk Assessment with AI: Klarna: Klarna’s use of AI in real-time credit scoring and its impact on loan processing.
– Regulatory Compliance with AI: Revolut: Revolut’s application of AI in fraud detection and anti-money laundering processes.

4. AI Tools and Technologies

– Overview of Tools: Introduction to key AI tools and software that finance managers can use to optimise financial processes.
– Technology in Action: Including examples from Plaid and Robin Hood AI ETFs to showcase AI’s role in financial data connectivity and trading.

5. Off-the-Shelf AI Products for Everyday Use

– ChatGPT: Demonstration of how AI-driven chatbots like ChatGPT can assist in customer service and internal communications.
– ROWS: Introduction to ROWS (formerly dashdash), an AI-enhanced spreadsheet tool that allows users to automate data analysis and integrate various data sources.
– Analytical Software: Overview of additional AI analytical tools that can facilitate financial reporting and decision-making.

6. Implementing AI Solutions

– Integration Strategies: Detailed steps for integrating AI technologies into existing financial systems effectively.
– Best Practices: Emphasising data security and ethical considerations in AI implementations.

7. Overview of AI Regulation

– EU AI Act: Comprehensive overview of the EU AI Act, its key provisions, and its specific impacts on the finance sector, focusing on compliance requirements and operational adjustments needed.

8. Q&A Session

– Interactive Discussion: Participants can ask questions and explore further the applications, challenges, and strategies discussed throughout the day.

Contact [email protected] to book your place

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Applications Closing on 21/05/2024

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