NUS
 
ISS
 

Explainable and Responsible AI for Finance

Overview

Reference No TGS-2023018996
Part of -
Duration 3 days
Course Time 9:00am - 5:00pm
Enquiry Please contact ask-iss@nus.edu.sg for more details.

In financial services companies (e.g. banks & other lenders and insurance companies), members from underwriting, account management, policy management, claims administration, fraud detection, and customer experience management teams frequently develop and/or use AI & ML models to make decisions. However, the black-box nature of some of these algorithms, which produce outcomes without explanation, has slowed their widespread adoption. This course is intended to enable participants who use AI & ML algorithms in their decision-making process to communicate effectively to regulators or any other relevant audience. It is also becoming increasingly important to ensure that any AI & ML models used in decision making to extend credit to the customers, follow the principles of fairness, ethics, accountability, explainability, privacy, security, and governance. These principles are being analysed through the lens of Responsible AI.

This course is part of the Data Science series offered by NUS-ISS.

Upcoming Classes

Class 1 03 Aug 2024 to 17 Aug 2024 (Full Time)

Duration: 3 days

Time:
09:00am to 05:00pm



Key Takeaways

At the end of the course, the participants will be able to:

  • Explain interpretable machine learning models
  • Explain black-box machine learning models
  • Adopt responsible AI practices by following the principles of fairness, ethics, accountability, explainability, privacy, security, and governance
  • Understand current industry practices in Explainable AI



Who Should Attend

This course is suitable for participants working in banking/finance, regulatory sector.

  • Data Analyst
  • Data Scientist
  • AI Expert
  • Regulators
  • Data engineers
  • AI product managers
  • Data science project managers
  • underwriters
  • Pricing Actuaries
  • Head of claims
  • Business intelligence analysts
  • Chief data officers / Chief Information Officers/ Chief Information Security Officers
  • Data protection officers
  • Database admins
  • Data stewards

Pre-requisites

  • Good understanding of AI/ML
  • Working knowledge in the finance sector would be a plus
  • Experience and involvement in AI/ML projects in the finance sector would be a plus


What to Bring

No printed copies of course materials are issued.
Participants must bring their internet-enabled computing device (laptops, tablet etc) with power charger to access and download course materials.

If you are bringing a laptop, please see below for the tech specs:

 

Minimum

Recommended

Operating Systems

• Windows 7, 8, 10 or
• Mac OS

Laptop running the latest
version of either Windows or
Mac OS

System Type

32-bit

64-bit

Memory

8 GB RAM

16+ GB RAM

Hard Drive

256 GB disk size

 

Others

• An internet connection – broadband wired or wireless
• Installation permissions (non-company laptops)
• Keyboard
• Mouse/Trackpad
• Display
• Power adapter (laptop battery might run out)

DirectX 10 graphics card for graphics hardware acceleration

 


Additional Software Requirements:
• MS Office
• Google Colab



What Will Be Covered

This course will cover: 
  • Introduction to explainable AI (XAI)
  • Interpretable models (white box models)
  • Black-box models: Model agnostic methods
  • Black-box models: Model specific methods and Example based methods
  • Python implementation
  • Fairness in AI/ML
  • Accountability in AI/ML
  • Security, Privacy and Governance in AI/ML



Fees & Subsidies

Fees for 2024
  Full Fee Singaporeans & PRs
(self-sponsored)
Full course fee S$2700 S$2700
ISS Subsidy  - (S$270)
Nett course fee S$2700 S$2430
9% GST on nett course fee S$243 S$218.70
Total nett course fee payable, including GST S$2943 S$2648.70
Note:
  1. All fees and subsidies are valid from January 2024, unless otherwise advised.
  2. All self-sponsored Singaporeans aged 25 and above can use their SkillsFuture Credit to pay for course fees. For more information about SkillsFuture Credit, click here.
  3. From 1st January 2024, the GST will be increased to 9%.



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Certificate

Certificate of Completion
Participants must meet a minimum attendance rate of 75% and are required to pass the assessment to be issued a Certificate of Completion.

Assessment Plan
This course aims to assess the participants’ technical skills & competencies will be assessed through the following means.

Type of assessments activity

Supporting materials

Assessed output

Assessment method (Individual)

Individual workshop

 

The course participants will carry out technical workshop with a given dataset/business case.

 

Workshop Handouts

Completed workshop outputs as an Individual

Workshop output graded on a “Pass / Fail” basis by ISS assessor

 

 

Individual written assessment

 

An individual written assessment that will test the understanding of key concepts/ skills / technical competencies

Assessment Paper/ online quiz

Completed answer book/ online quiz

Answer book / online quiz graded on a “Pass / Fail” basis by ISS assessor

 

 


Assessors will be domain experts from the ISS Teaching Staff (Instructors for this course).

To be deemed ‘Competent’ for each learning objective (skills & knowledge), participants must have achieved a mark of ‘Competent’ in all the corresponding assessed activities.

TSC Description: Design and build intelligent machine reasoning systems that can integrate, make sense of, and act upon heterogeneous sensory information sources, using domain knowledge accumulated in respective industries.

TSC Proficiency Description: Level 4
Build knowledge-based intelligent software applications using machine reasoning techniques and computer programming.

  • Knowledge
    • Machine reasoning applications and technology
    • Core machine reasoning techniques
    • Components and techniques in knowledge-based systems\
    • Reasoning system architectures
    • Requirements and explainability for machine learning systems
    • Types and sources of uncertainty and certainty factor technique
    • Contemporary machine reasoning systems
    • AI Ethics
  • Abilities
    • Analyse the business drivers and main application areas of machine reasoning
    • Analyse reasoning systems for problem solving
    • Analyse the forms to organise and represent knowledge, business rules and natural language
    • Analyse techniques to draw new conclusions based on existing knowledge rules and new facts
    • Analyse characteristics and results evaluation of advanced computational deductive reasoning techniques
    • Examine uncertainty issues in machine learning
    • Analyse characteristics and results evaluation of uncertainty handling techniques
    • Apply logical inference to deduce new conclusions
    • Evaluate performance of advanced mathematical models, inductive and deductive reasoning techniques
    • Design and create reasoning systems



Preparing for Your Course

NUS-ISS Course Registration Terms and Conditions

Find out more.

NUS-ISS and Learner’s Commitment and Responsibilities

Find out more.

WIFI Access

WIFI access will be made available to participants.

Venue

NUS-ISS
25 Heng Mui Keng Terrace
Singapore 119615

Click HERE for directions to NUS-ISS

In the event of a change of venue, participants are advised to refer to the acceptance email sent one week prior to the commencement date.

Course Confirmation

All classes are subject to confirmation and NUS-ISS will send an acceptance email to participants one week prior to the commencement date. Confirmed registrants are to attend and complete all lectures, class exercises, workshops and assessments (where applicable). Additionally, all responses to feedbacks and surveys conducted by NUS-ISS and its partners must be submitted. All training and assessments will be delivered as described in the course webpage.

General Enquiry

Please feel free to write to ask-iss@nus.edu.sg if you have any enquiry or feedback.




Course Resources

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