Ngee Ann Polytechnic and Centre for Finance, Technology and Entrepreneurship (CFTE) are about to launch AI in Finance (AIF), the first online programme for finance professionals. Despite the growing hype around Artificial Intelligence (AI), many finance professionals are still unfamiliar with the impact it will have on their industry. Ngee Ann Polytechnic (NP), one of Singapore's leading institutes of higher learning, is partnering with London-based Centre for Finance, Technology and Entrepreneurship (CFTE) to launch the first online course to showcase AI applications and use cases in the banking industry. "AI is a technological driving force that no industry can ignore. Some studies estimate that about 50 per cent of today's tasks would be assisted by AI in the next 20 years. 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." "You will also see that a lot more can be automated in future. If you want to keep your job, you need to question both what your role will be in this automated future, and what impact artificial intelligence will have on your area of the business."

Artificial Intelligence has caught the attention of the world, including financial institutions. While AI-based FinTech solutions may not get the same attention than autonomous cars or robot dogs, its impact will undoubtedly be felt. AI-based FinTech solutions will both save financial institutions billions in cost and create billions in additional revenues, potentially creating more than a trillion in additional profits in the financial services industry. A study done by Accenture showed that the implementation of AI in the financial sector could lead to a 31% increase in profitability rates by 2035.[1] Moreover, AI will allow to customize financial services delivered to clients, leading to an enhanced customer experience. Fraud detection and management is imperative for financial institutions now more than ever, as they are faced with new and more sophisticated threats to client data and security breaches.

Few weeks ago, Robo Investing Europe 2018 was kicking off in London. Techfoliance, as a proud partner of this event, has had great time sharing thoughts on the new financial era with influencers and friends Efi Pylarinou, Susanne Chishti or Paolo Sironi, among others. In case you could not attend, Techfoliance is happy to highlight key take-aways on a wide range of topics ranging from Deep Technologies like Robo Algorithms, Artificial Intelligence, and Digital Identity to top subjects like Private Investments, Automated Advice and Regulation. This year set to be a truly transformational one with implementation of new regulation PSD2, Open Banking or MIFID II. The reforms are setting in motion new and exciting ways to use APIs, share data and create seamless and intelligent investor experiences.