Innovate Finance will distribute the CISI’s Certificate in Ethical Artificial Intelligence, to provide its members with an in-depth understanding of the ethical and management issues related to AI.
The CISI launched its Certificate in Ethical Artificial Intelligence in November 2023 as part of its campaign to champion ethics and transparency in the use of AI. Since its launch, 3000 professionals as well as seven financial services regulators and four central banks have registered for the Certificate.
Innovate Finance said the Certificate will be added to its elearning programme and made available to all its members from 1 July 2024.
Janine Hirt, CEO of Innovate Finance said: “We are delighted to be partnering with CISI to offer our members the CISI Certificate in Ethical Artificial Intelligence. Our world-leading UK fintech sector has always led the way in harnessing new technology to improve the financial services industry for consumers across the country. This course will provide our members with an in-depth understanding of the fundamental ethical and management issues in the deployment of artificial intelligence, helping to ensure we utilise this technology in a safe and responsible way.”
The course consists of 12 hours of online learning, exploring the key terminology and issues, global developments and ethical dilemmas and what they mean for financial services. The course, aimed at wealth and investment managers as well as those working across other financial services functions including risk, compliance, asset management, banking, insurance and financial planning, has been designed by a global team of experts.
Tracy Vegro, CEO of CISI, said: “It’s a great privilege to be working alongside our partners Innovate Finance and to support them with their vision to boost the understanding of ethics in AI for their members. This is the first of many future digital skills and financial literacy projects we will be collaborating on with Innovate Finance.
“Innovation and integrity need to go hand in hand and AI systems rely on large amounts of data, which raises privacy concerns. Without ethical guidelines and regulations in place, the misuse or mishandling of data can result in harm to individuals or groups.”
