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Artificial Intelligence and its impact on Financial Services

JIMS Rohini organised a guest session on "Artificial Intelligence and its impact on Financial Services" on 10th August, 2019 attended by PGDM Batch (2018-20) Finance Major students . The session was delivered by the resource person, Mr. Aditya Tiwari, a Freelance consultant. He is currently conducting research & training assignments in Fintech Regulations & Policy with 18 years of diversified experience in the field of mergers and acquisitions, joint ventures, finance technology, real estate laws and advisory

It was a great and an interactive session. He briefed the students about Artificial Intelligence, Block Chain, Cloud computing and the emerging role of AI in financial services. From driverless vehicles to virtual assistants like Alexa and Siri, AI has become a part of everyday life. Now AI is having a significant impact on financial services – from algorithmic stock trading applications, to credit card fraud detection and so-called “robo-advisors” providing investment advice. 

JIMS Rohini

He also engaged students by conducting activities wherein the students were divided into 7-8 groups and students were given some pain points and each group had to identify solutions to those problems and the topic was "How AI can increase the scale and efficiency of retail lending". Students came up with some really good ideas. He, then, conducted another activity where the groups were shuffled and another statement was given saying " What happens if Amazon decides if it starts lending" to which each group had to present their thoughts on 5 parameters: Market analysis, Norms, Technology, Rules and regulations, and Restrictions. He listened to each group and appreciated their ideas, meanwhile, gave his valuable suggestions to reshape the ideas, which was indeed very helpful.

The session was marked to an end by presenting a momento to the resource person as a mark of remembrance.
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