Generative AI in Financial Services

This two-day workshop is designed to provide participants with practical knowledge and skills in the use of generative artificial intelligence (AI) in financial processes. Participants will learn how to use AI to automate financial reporting, data analysis, document processing and other key activities in finance.

Target Audience:

• Financial Professionals: Interested in optimizing their financial processes using AI.
• Financial Managers: Looking for ways to improve the efficiency and accuracy of financial operations.
• AI Enthusiasts: Wanting to learn more about how to use generative AI in finance.

Course Objectives:

The goal of this workshop is to equip participants with practical skills in generative AI, show them how to integrate the technology into financial processes, and demonstrate specific applications that improve efficiency and productivity. Participants will learn how to use generative AI to automate common financial tasks and how to create custom GPT models for specific needs.

What You'll Take Away:

• Deeper Understanding of Generative AI: Gain a deep understanding of generative AI and its capabilities in finance.
• Practical Skills.
• Open the door to new possibilities and ways of dealing with common and less traditional financial situations.

Workshop Outline:

Day 1: Fundamentals and Practical Applications

Session 1: Introduction to Generative AI in Financial Processes (2 hours)

1. Introduction to Generative AI
   • What is generative AI and how it works.
   • Examples of applications in the financial sector.
   • Practical exercise: basic interaction with AI models.
2. Automated Financial Reporting.
   • Generating financial reports (profit and loss statements, balance sheets, etc.).
   • Practical exercise.

Session 2: Data Management and Analysis (2 hours)

1. Data Management and Processing
   • Automation of data entry, basic data validation.
   • Practical exercise: Using AI for financial data management.
2. Data Analysis and Performance Evaluation.
   • Analysis of financial data and performance metrics.
   • Practical exercise: Data analysis using AI tools.

Session 3: Documentation and Administration (1.5 hours)

1. Document Processing and Digitization
   • Scanning and digitizing documents, basic formatting.
   • Practical exercise: Digitizing financial documents with AI.
2. Financial Records and Reconciliation.
   • Reconciling financial records, preparing financial statements.
   • Practical exercise: Reconciliation and preparation of financial statements with AI.

Session 4: Communication and Support (2 hours)

1. Communication and Administration Support
   • Automating emails and communications, assisting with audits.
   • Hands-on exercise: automating administrative tasks with AI.
2. Chatbot and AI-Driven Customer Interaction.
   • Implementation of AI chatbots for customer support.
   • Practical exercise: Setting up and using AI chatbots.

Day 2: Advanced Applications and Strategic Uses

Session 5: Advanced Financial Analysis (2 hours)

1. Interpretation and Contextual Analysis
   • Risk analysis, financial forecasting, interpretation of financial models.
   • Use of AI for advanced financial analysis.
2. Performance Evaluation.
   • Analysis of the impact of external events on financial performance, cost control.
   • Practical exercise: Performance analysis using AI.

Session 6: Strategic Planning and Scenarios (2 hours)

1. Scenario Development and Stress Testing
   • Creating alternative scenarios, economic forecasting.
   • Scenario planning with AI.
2. Research and Strategic Analysis.
   • Competitive research, investment strategies.
   • Practical exercise.

Session 7: Legal and Compliance (2 hours)

1. Legal and Compliance Advisory.
   • Compliance consulting, tax compliance.
   • Practical exercise: Automating legal and compliance tasks with AI.

Session 8: Summary and Next Step (2 hours)

1. Summary and Discussion.
   • Summary of key learnings and skills acquired.
   • Discussion of opportunities for further use of generative AI in finance.
2. Next Step.
   • Opportunities for further training and implementation of AI tools in practice.
   • Practical exercise.

Technical Requirements:

• Laptop with internet connection

Participant Requirements:

• Willingness to learn something new
• Basic knowledge of financial processes

This workshop is designed to be not only informative, but also interactive and practical. It will enable you to understand the potential of generative AI and effectively integrate it into your financial activities, leading to increased productivity and innovation in your processes. We look forward to your participation and believe you will find our workshop beneficial.

Note: During the workshop there will also be an opportunity to discuss the creation of custom software where generative AI will be integrated into the entire process, although this topic is not the main focus of the workshop.

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