Introduction to Machine Learning for Finance
Offered By: State Bank of India via edX
Course Description
Overview
In this course, one will explore the foundational concepts of machine learning in banking, dive into data analysis techniques tailored for financial data, and learn to apply supervised and unsupervised learning methods to real-world banking and finance challenges. Discover how Natural Language Processing (NLP) is changing the way banks interact with customers and gain essential skills in time series analysis and forecasting for financial markets.
The course also covers model evaluation, interpretability, and ethical considerations in AI, ensuring you're well-equipped to navigate the unique challenges of the banking industry. Learn from use cases of successful machine learning integration in banks and gain practical insights to drive innovation in financial institutions.
Whether you're a beginner or an experienced professional, this course offers valuable knowledge and insights that can enhance your career prospects in banking and finance domain. Enroll now to unlock the potential of machine learning and become a data-driven decision-maker in the world of finance.
Syllabus
Module 1: Introduction to Machine Learning Fundamentals
* Overview of key machine learning concepts and terminology.
* Exploratory data analysis (EDA) techniques for banking datasets.
* Data pre-processing, cleaning, and feature engineering.
* Introduction to data visualization for insights.
Module 2: Different Learning Models for Banking Applications
* Classification and regression algorithms in banking.
* Loan approval prediction using decision trees and logistic regression.
* Customer churn prediction with support vector machines and neural networks.
* Clustering techniques for customer segmentation.
* Identifying fraud patterns using anomaly detection.
* Market basket analysis for cross-selling opportunities.
Module 3: Natural Language Processing (NLP) & Time Series Analysis in Finance
* Leveraging NLP for sentiment analysis of customer feedback
* Chatbots for customer service and query resolution
* Text analytics for risk assessment and compliance
* Predicting stock prices using time series analysis
* Interest rate forecasting models (LSTM)
* Managing financial market risks using predictive modelling
Module 4: Model Evaluation, Interpretability, and Ethical Considerations
* Performance metrics for evaluating machine learning models.
* Interpreting model decisions and ensuring transparency.
* Addressing biases and ethical challenges in banking AI
* Case studies of successful machine learning integration in banks
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