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Course Outline

Introduction to Generative AI

  • Exploring the significance of generative models within the financial landscape.
  • Distinguishing between various model types, including LLMs, GANs, and VAEs.
  • Analyzing the strengths and constraints of these models in financial applications.

Leveraging Generative Adversarial Networks (GANs) in Finance

  • Understanding the GAN mechanism: the interplay between generators and discriminators.
  • Applying GANs for synthetic data creation and fraud scenario simulation.
  • Case study: Producing realistic transaction datasets for testing purposes.

Large Language Models (LLMs) and Advanced Prompt Engineering

  • Understanding how LLMs process and generate financial documentation.
  • Constructing strategic prompts for forecasting and risk assessment.
  • Practical applications: Summarizing financial reports, KYC processes, and identifying red flags.

Enhancing Financial Forecasting with Generative AI

  • Implementing time series forecasting through hybrid LLM and ML architectures.
  • Generating scenarios and conducting stress tests.
  • Use case: Forecasting revenue by integrating structured and unstructured data sources.

Advancing Fraud Detection and Anomaly Identification

  • Utilizing GANs to detect anomalies within transactional data.
  • Detecting emerging fraud trends using prompt-driven LLM workflows.
  • Assessing model performance: differentiating between false positives and genuine risk signals.

Navigating Regulatory and Ethical Challenges

  • Ensuring explainability and transparency in the outputs of generative AI systems.
  • Addressing risks related to model hallucinations and biases in financial contexts.
  • Adhering to regulatory standards, such as GDPR and Basel guidelines.

Strategic Deployment of Generative AI in Financial Institutions

  • Formulating business cases for internal adoption of AI technologies.
  • Striking a balance between innovation and adherence to risk and compliance protocols.
  • Establishing governance frameworks for the responsible deployment of AI.

Conclusion and Path Forward

Requirements

  • A foundational understanding of finance and risk management principles.
  • Proficiency with spreadsheets or basic data analysis tools.
  • Knowledge of Python is advantageous but not mandatory.

Target Audience

  • Risk managers.
  • Compliance analysts.
  • Financial auditors.
 14 Hours

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