Increase the RM Arsenal with Artificial Intelligence
Thought Leadership Webinar: This webinar will discuss the approach to AI based solution with a particular focus on Risk Management enabling the participants gain a first-hand understanding of the technology (in this age of technology, it is imperative for everyone to have a basic understanding of technology), its potential, different application areas and pitfalls in adoption. It will also help participants make an informed decision on using AI for their risk management practices.
Register Now
Webinar Information
Presented By: Dr. Ramamurthy Natarajan
Date: Thursday, August 9, 2018
Time: 11:00 am-12:00 pm EDT
Session Length: 60 minutes
About This webinar
Risk is an integral part of any business. Risks can be of various natures like financial, operational, governance, compliance, legal, regulatory, country etc. Risks cannot be avoided but can be effectively managed. The impact of risks is huge for any organization and it is important that the organization’s risk management is enabled to manage or mitigate the risks as effectively as possible.
Technology has and will play a key role in risk management. In simple words, risk is about predicting the possibility of a future event and taking appropriate measures to mitigate it. Risk Management activities are at the top of value driven activities spectrum as it requires high level of skill and analytical capabilities and directly impacts all the areas of an organization. Hence it is becoming a top priority (and rightfully so) for most of the organizations.
Artificial Intelligence (AI) is an emerging technology area which can potentially impact any facet of an organization. AI capabilities have vastly improved over the last 3 or 4 years with able support from technology that many organizations (particularly risk management) are at the cross-roads of implementing/adapting AI based solutions. Understand what makes AI relevant now?
With new technologies, new organizations, fragile world trade, globalization, emerging crypto currencies social media etc. the job of a risk manager is never so relevant and valuable. With that comes the challenge. Imagine what AI can do to navigate the challenge.
As corporate treasury or banks or other financial services companies seek to improve risk management systems, AI forms the core of any system. AI-driven risk management solutions have the potential to revolutionize all facets of risk management and compliance - AML, Credit risk, Infrastructure risk, Cybersecurity, Market risk, Sovereign risk etc. As with any technology, there are opportunities but at the same time risks of adopting it.
This webinar will discuss the approach to AI based solution with a particular focus on Risk Management enabling the participants gain a first-hand understanding of the technology (in this age of technology, it is imperative for everyone to have a basic understanding of technology), its potential, different application areas and pitfalls in adoption. It will also help participants make an informed decision on using AI for their risk management practices.
The presentation will be led using statistics, images and case studies addressing the following, followed by Q&A at the end:
• Understand in brief how AI solutions work – the different components and the underlying technologies
• Explore cutting edge AI-driven use cases deployed at banks, financial institutions and other organizations
• Increase the Risk Management Arsenal with Artificial Intelligence
• Understand why AI and what it is imperative to explore AI initiatives in organizations
• Understand why not AI – it cannot be used for all problems and the risks involved in use of AI, particularly in the context of evolving cybersecurity and data privacy standards
• Briefly describe how to undertake an AI project, the potential pitfalls in AI projects and how to overcome them
• Discuss the possibility of areas where AI can be deployed or AI can make an impact
Registration Fee
Sustaining Member $Free | Contributing Member $35 | Non-Member $75
About Our Expert
Dr. Ramamurthy Natarajan, PhD, affectionately called, "Ram", is an accomplished versatile personality with a unique blend of experience in manual and automated banking. He provides IT solutions to the global BFS Industry, IT audit, and training. He has widely traveled East and West.
He is presently into conducting IT/ IS audit; Banking consultancy to IT and BFS Industry firms; Conducting training programs both class room based and virtual as well on BFS domain in information security, personal/leadership development and other areas.
Dr. Ramamurthy has published 37+ books on banking, software testing and applied Sanskrit based areas and more books on the pipeline.
His qualifications include:
Doctorate – Ph.D connecting IT and Sanskrit language; Master of Science in Mathematics; Bachelor of General Law; Certified Associate of Indian Institute of Banking; PG Certificate in Computer Programming; PG Diploma in System Analysis and data Processing; Certified Recruitment Analyst; Certified Information System Auditor; Project Management Profession; Certified Global Business Leader; Black Belt in Six-Sigma – process improvement.
Continuing Risk Learning Credits: 1
PRMIA Continuing Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
If this is your first time accessing the PRMIA website you will need to create a short user profile to register.