Why study this course?
AI has the potential to affect society and individuals materially in both positive and negative ways. Rapid development of AI technology means that ethical considerations must be taken into account from the beginning of the design process,” says Michael Mainelli, Chartered FCSI(Hon), Lord Mayor of the City of London 2023–24 and patron of the 695th Lord Mayor’s Ethical AI Challenge. AI systems rely on large amounts of data, which raises privacy concerns. Without ethical guidelines and regulations in place, the misuse or mishandling of data can result in harm to individuals or groups. There are also large and widely misunderstood and misinterpreted implications for professionals working in financial services. Ideally, AI systems are transparent, accountable and inclusive, and do not reinforce or amplify existing inequalities. As AI becomes more advanced and widespread, there are growing concerns about issues such as bias, transparency, accountability, safety – and employment trends. If people do not believe that AI is being developed and used in a responsible and ethical manner, they hesitate to use or interact with beneficial technologies. Our ethical AI initiative, part of the 695th Lord Mayor of the City of London’s Ethical AI Initiative, aims to help ensure that AI is developed and deployed in ways that benefit society while minimising potential harm.
What is the CISI? The CISI is the largest and most widely respected professional body for the securities and investment sectors in the UK and in a growing number of financial centres globally. The CISI was formed in 1992 and now has a global community of 47,000 members in over 100 countries. In 2022, more than 34,000 CISI exams were sat in 91 countries, including 13,000 taken outside the UK.