Self Paced

AI for Fraud Detection in BFSI: Navigating Financial Integrity

Ensuring Financial Integrity with AI-Powered Fraud Detection

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MODE
Online/ e-LMS
TYPE
Self Paced
LEVEL
Moderate
DURATION
12 Weeks

About

This course aims to equip participants with advanced knowledge and skills in utilizing artificial intelligence to detect and prevent fraud within the Banking, Financial Services, and Insurance (BFSI) sector, focusing on practical applications and cutting-edge technologies.

Aim

This course aims to equip participants with advanced knowledge and skills in utilizing artificial intelligence to detect and prevent fraud within the Banking, Financial Services, and Insurance (BFSI) sector, focusing on practical applications and cutting-edge technologies.

Program Objectives

  • Understand the fundamentals and advanced concepts of AI as they apply to fraud detection.
  • Analyze various types of financial fraud and the role of AI in combating these activities.
  • Develop hands-on skills in data handling, machine learning models, and AI strategies specific to fraud detection.
  • Explore the ethical and regulatory aspects of using AI in financial environments.

Program Structure

MODULE 1 : Introduction to AI and Fraud Detection

  • Basics of AI in BFSI.
  • Types and impacts of financial fraud.
  • Evolution of fraud detection technologies.

MODULE 2 : Mastering Data Handling & Preprocessing for AI in BFSI

  • Data collection and preprocessing techniques.
  • Feature engineering and data quality’s impact on fraud detection.
  • Practical exercises on real financial datasets.

MODULE 3 : Machine Learning Models for Fraud Detection

  • Application of supervised learning models like decision trees and logistic regression.
  • Advanced models including random forests and gradient boosting machines.
  • Building, training, and evaluating models for fraud detection.

MODULE 4 : Deep Learning and NLP for Fraud Detection

  • Using neural networks and NLP to detect complex fraud patterns.
  • Practical application of deep learning in real-world fraud detection.
  • Integration of NLP techniques into fraud detection projects.

MODULE 5 : Anomaly Detection and Behavioral Biometrics

  • Techniques for identifying anomalies and behavioral patterns.
  • Application of behavioral biometrics in fraud prevention.
  • Hands-on case studies and project work on anomaly detection.

MODULE 6 : AI in Fraud Detection: Case Studies and Regulatory Compliance

  • Examination of real-world applications and case studies.
  • Navigating legal and ethical considerations.
  • Regulatory compliance affecting AI fraud detection systems.

MODULE 7 : Developing an AI Fraud Detection Strategy

  • Strategic considerations for implementing AI in fraud prevention.
  • Emerging technologies in AI fraud detection.
  • Design and implementation of AI strategies in financial institutions.

Participant’s Eligibility

This course is intended for professionals and students in the BFSI sector seeking to enhance their expertise in AI-driven fraud detection and financial integrity.

Program Outcomes

  • Mastery of AI technologies for detecting and preventing fraud in BFSI.
  • Practical experience in applying AI to real-world fraud detection scenarios.
  • Enhanced understanding of the regulatory and ethical frameworks governing AI use in finance.


Fee Structure

Standard Fee:           INR 10,998           USD 200

Discounted Fee:       INR 5499             USD 100

Batches

Spring
Summer

Autumn
Winter

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Certificate

Program Assessment

Certification to this program will be based on the evaluation of following assignment (s)/ examinations:

Exam Weightage
Mid Term Assignments 20 %
Final Online Exam 30 %
Project Report Submission (Includes Mandatory Paper Publication) 50 %

To study the printed/online course material, submit and clear, the mid term assignments, project work/research study (in completion of project work/research study, a final report must be submitted) and the online examination, you are allotted a 1-month period. You will be awarded a certificate, only after successful completion/ and clearance of all the aforesaid assignment(s) and examinations.

Program Deliverables

  • Access to e-LMS
  • Real Time Project for Dissertation
  • Project Guidance
  • Paper Publication Opportunity
  • Self Assessment
  • Final Examination
  • e-Certification
  • e-Marksheet

Job Opportunities

  • Fraud Analyst,
  • AI Risk Specialist,
  • Data Scientist,
  • Compliance Officer, and
  • Technology Solutions Architect within financial institutions.

Enter the Hall of Fame!

Take your research to the next level!

Publication Opportunity
Potentially earn a place in our coveted Hall of Fame.

Centre of Excellence
Join the esteemed Centre of Excellence.

Networking and Learning
Network with industry leaders, access ongoing learning opportunities.

Hall of Fame
Get your groundbreaking work considered for publication in a prestigious Open Access Journal (worth ₹20,000/USD 1,000).

Achieve excellence and solidify your reputation among the elite!


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