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By Chinwendu Obienyi
In demonstration of its commitment to advancing knowledge and fostering ethical practices in the finance and technology sectors, the Chartered Institute for Securities and Investment (CISI), has launched a Certification on Ethical Artificial Intelligence.
This is even as the Institute announced that its Global Educational Trust Competition that celebrates excellence among undergraduate and postgraduate students annually has commenced.
A statement from CISI stated that the Ethical AI Programme, is an innovative new approach for the financial services sectors, notably, the capital markets, wealth management, financial planning, compliance and operations.
Justifying the basis for launching AI for use in the Financial Services, CISI CEO, Tracy Vegro said, “We are responding to member feedback. They told us it is critical for the ethics of AI to be understood to boost innovation and integrity side-by-side. AI systems rely on large amounts of data, which raises privacy concerns. Without ethical guidelines and regulation in place, the misuse or mishandling of data can result in harm to individuals or groups”.
Speaking on the 2023 Education Trust Competition, the CISI (Nigeria) Country Representative, Dr John Osuoha, whilst explaining the modalities for the competition, said that the competition is open to only students of CISI. According to him, any student from any University can participate by first registering as a student on their own or through partner Universities.
“Winners will go home with huge cash awards while the global winner in addition to cash awards will have a return ticket to London and will have the opportunity of working with the CISI in its UK offices.
Students of CISI are enabled to write some certification examinations with global acceptance such as courses in Risk Management, Global Compliance, Wealth Management, Securities Derivatives, Islamic Finance etc. We also have a new certification in Artificial Intelligence. All our courses are offered at a deep discount to Nigerian students”, Osuoha said.
He revealed that CISI is setting up Tests Centre at Covenant University and other leading Universities in Nigeria.
It will be recalled that in 2022, the prestigious Awards were expanded to overseas countries and this led to the emergence of Oluchi Ajieh from the University of Lagos as the overall winner in Africa while Favour Dibia of Covenant University, Ogun State was the runner up.
The winners were celebrated in Lagos during which the Director, CISI Global Business Development, Kevin Moore, commended them for making Nigeria proud and advised them to strive for more excellent performance.
