Indian Institute of Technology (IIT) Roorkee in collaboration with WileyNXT, has announced the launch of AI in Banking Programme, India’s first-of-its-kind online programme made for existing as well as recently-graduated technology and finance professionals, who aspire to build a career in AI and analytics in the banking domain. The 4-month programme will focus on training IT professionals and graduates to implement Artificial Intelligence in the banking sector.
The programme will cover industry immersion classes by top business leaders to give an in-depth understanding of the role of AI in Banking and financial domains. It will offer a joint certification from WileyNXT and IIT-Roorkee.
“Artificial Intelligence has the potential to transform banking and improve compliance. The current COVID-19 crisis coupled with growing security and privacy concerns has reinforced the need for leveraging new-age skills to tackle the emerging challenges. The program will open new avenues for the participants in the banking sector,” said Prof. Ajit K. Chaturvedi, Director, IIT Roorkee
The present global pandemic has seen a movement towards digital and virtual platforms including the banking sector is shifting towards contactless banking. It has been observed that about 32% of financial service providers in India are already using AI technologies like predictive analytics, voice recognition et al, according to joint research conducted by the National Business Research Institute and Narrative Science. Some of the leading banks like SBI, HDFC, ICICI, among others have adopted Artificial Intelligence in their system.
Vikas Gupta, Managing Director, Wiley India, while commenting on the collaboration said, “There is a tremendous emphasis on automation to accelerate the development and deployment of products in the Banking and Finance sector. This has fuelled the demand for a digitally-enabled workforce. Our innovative learning solutions are meant to cater to modern workplace demands.”