Singapore University of Social Sciences

This course explores the transformative role of Artificial Intelligence (AI) in the financial services industry. In the course, students will delve into the applications of AI across various financial domains and understand its impact on areas such as risk management, fraud detection and wealth management. The course will equip students with a foundational understanding of the role of AI in transforming existing business and decision-making processes within financial institutions. This course will also seek to balance the perspective of AI deployment in financial institutions through the lens of central bankers. In the course, students will be exposed to the legal and regulatory challenges of governing AI adoption in finance and understand the risk of algorithmic bias and discrimination in financial decision-making. Through the use of lectures, case studies, and discussions, the course seek to study the potential benefits and challenges associated with AI adoption in finance. By the end of the course, you will be able to critically evaluate the current state of AI in financial services and its future direction.