Class 3: Artificial Intelligence in Finance

Lecture Slides

Class 3 Lecture Slides: Artificial Intelligence in Finance (PDF)

Readings

Artificial Intelligence Applications in Financial Services’ Oliver Wyman (December 2019) (Pages 11–30, Section on ‘How is AI Applied in Financial Services?’)

Artificial Intelligence & Financial Services – Fall 2019 Report’ (PDF - 2.6MB) Mayer Brown (October 2019) (pages 3–13, Section on ‘AI and Big Data Regulatory Risks Under Banking and Consumer Financial Laws’)

Fintech: Understanding AI Use in Financial Services’ Julie Stackhouse, Federal Reserve Bank of St. Louis (April 29, 2019)

Study Questions / Issues to Prepare

  1. How do new forms of AI enabled data analytics, pattern recognition, chatbots, natural language processing, and robotic process automation fit within other emerging FinTech trends?
  2. How has it affected the competitive landscape of financial incumbents, big tech firms, and FinTech startups?
  3. What new public policy challenges are AI and machine learning presenting for the fairness, explainability, privacy, robustness, and resiliency of the financial sector? How do and should these new applications and tools fit within the regulatory structure of the financial industry?

Course Info

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