EdX

Machine Learning Use Cases in Finance (edX)

Machine Learning Use Cases in Finance (edX)

In the last six years, the financial sector has seen an increase in the use of machine learning models in financial, banking and insurance contexts. Data science and advanced analytics teams in the financial and insurance community are implementing these models regularly and have found a place for them in their toolbox.

Class Deals by MOOC List - Click here and see EdX's Active Discounts, Deals, and Promo Codes.

The success of machine learning, and in particular deep learning in image recognition and natural language processing applications, has created high expectations and their use has rapidly spread to many different areas. The financial sector is no exception and the last six years have seen an increase in these types of models in financial, banking and insurance contexts. Data science and advanced analytics teams in the financial and insurance community are implementing these models regularly and have found a place for them in their toolbox.
In this course, we will first present a review of some of the applications of machine learning and deep learning. We will then illustrate their use in financial applications through concrete examples that we have seen have sparked interest in the industry. Our examples will illustrate how we can add value through ad hoc construction of architectures rather than a simple exercise of replacing classical models with more complex ones, such as multi-layer networks.
We will see:

  • Neural network architectures on graphs to integrate new information dimensions in financial markets and bitcoin transactions
  • Portfolio design using reinforcement learning and
  • Natural Language Processing and information extraction methods from financial disclosures in the in an ESG and sustainable finance context

This course was developed by IVADO and Fin-ML as part of a workshop that takes place yearly in Montréal, since 2018. You will be accompanied throughout and given concrete examples by six international experts from both Academia and Industry.
The course is primarily intended for industry professionals and academics with intermediate knowledge of mathematics and programming (ideally Python). Graduate students in data science and quantitative finance (mainly those who are not yet familiar with machine learning and deep learning) may find this content instructive and compelling. The content of this course will also be of great use to whomever uses or is interested in AI, in any other way. Previous experience in the financial industry is not necessary to follow this course.
This course is brought to you by IVADO, Fin-ML and Université de Montréal.
IVADO is a Québec-wide collaborative institute in the field of digital intelligence.
Fin-ML is a nationwide network of researchers working at the intersection of data science, quantitative finance, and business analytics.
Université de Montréal is one of the world’s leading research universities.

What you'll learn
At the end of the MOOC, participants should be able to:

  • Recognize when and how to use machine learning models according to the business context.
  • Apply the best practices of machine learning and in particular of deep learning in a financial application context.
  • Identify some models and architectures of deep networks that can be used to solve problems in finance and insurance:

Graph neural networks in financial markets
Reinforcement learning in portfolio optimization
Information extraction and ESG metrics

Go to Class
MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Related Courses

Finance for Everyone: Smart Tools for Decision-Making (edX) EdX
University of Michigan,MichiganX

Finance for Everyone: Smart Tools for Decision-Making (edX)

In this introduction to finance course from Michigan learn to apply frameworks and smart tools for understanding and making everyday financial decisions. Want to learn how to think clearly about important financial decisions and improve your financial literacy? Finance for Everyone will showcase the beauty and power of finance. This introductory finance course will be a gateway into the world of finance and will examine multiple applications to apply to your everyday life. Join us to better understand how to apply frameworks and tools to make smart financial choices.

Self Paced
Self-Paced
Financial Market Analysis (edX) EdX
International Monetary Fund - IMF,IMFx

Financial Market Analysis (edX)

Learn the fundamentals of finance that are essential for both investors and policymakers. In this IMFx course you will learn, from hands-on demonstrations, how to price different types of bonds, how to calculate different measures of bond yields and how to compare them across different types of instruments. You will become familiar with the term structure of interest rates, a key ingredient in establishing benchmark rates used to price securities in the markets and a valuable tool for monetary policy design and diagnosis.

Self Paced
Self-Paced
Computational Thinking and Big Data (edX) EdX
University of Adelaide,AdelaideX

Computational Thinking and Big Data (edX)

Learn the core concepts of computational thinking and how to collect, clean and consolidate large-scale datasets. Computational thinking is an invaluable skill that can be used across every industry, as it allows you to formulate a problem and express a solution in such a way that a computer can effectively carry it out.

Self Paced
Self-Paced
Data Science: Capstone (edX) EdX
HarvardX,Harvard University

Data Science: Capstone (edX)

Show what you’ve learned from the Professional Certificate Program in Data Science. To become an expert data scientist you need practice and experience. By completing this capstone project you will get an opportunity to apply the knowledge and skills in R data analysis that you have gained throughout the series. This final project will test your skills in data visualization, probability, inference and modeling, data wrangling, data organization, regression, and machine learning.

Self Paced
Self-Paced
Introduction à l’économétrie (edX) EdX
LouvainX,Université Catholique de Louvain - UCL

Introduction à l’économétrie (edX)

À partir d’études de cas en économie et finance, apprenez à construire des modèles pour améliorer vos facultés d’analyse et de prévision. L'analyse de données quantitatives est devenue aujourd'hui une pratique incontournable dans tous les métiers liés aux sciences sociales. Ces analyses sont utilisées pour comprendre des phénomènes économiques et financiers, décrire la nature de la relation entre des personnes, des objets ou des événements, ou encore anticiper les conséquences d’une décision.

Self Paced
Self-Paced
Introduction to Economics: Microeconomics (edX) EdX
Seoul National University,SNUx

Introduction to Economics: Microeconomics (edX)

Learn the basics of microeconomics, including supply and demand of commodities and how equilibrium in the market affects price. A country’s economy consists of three major economic agents; consumers, firms and government. Analyzing the choices made by these economic agents is one of the main subjects of microeconomics. In this economics and finance course, you will learn how the decisions made by economic agents are represented in the market as demand and supply of commodities.

Self Paced
Self-Paced
Data Science: R Basics (edX) EdX
HarvardX,Harvard University

Data Science: R Basics (edX)

Build a foundation in R and learn how to wrangle, analyze, and visualize data. This course will introduce you to the basics of R programming. You can better retain R when you learn it to solve a specific problem, so you’ll use a real-world dataset about crime in the United States. You will learn the R skills needed to answer essential questions about differences in crime across the different states.

Self Paced
Self-Paced
Data Science Ethics (edX) EdX
University of Michigan,MichiganX

Data Science Ethics (edX)

Learn how to think through the ethics surrounding privacy, data sharing, and algorithmic decision-making. As patients, we care about the privacy of our medical record; but as patients, we also wish to benefit from the analysis of data in medical records. As citizens, we want a fair trial before being punished for a crime; but as citizens, we want to stop terrorists before they attack us. As decision-makers, we value the advice we get from data-driven algorithms; but as decision-makers, we also worry about unintended bias.

Self Paced
Self-Paced
Deep Learning Fundamentals with Keras (edX) EdX
IBM

Deep Learning Fundamentals with Keras (edX)

New to deep learning? Start with this course, that will not only introduce you to the field of deep learning but give you the opportunity to build your first deep learning model using the popular Keras library. Looking to kickstart a career in deep learning? Look no further. This course will introduce you to the field of deep learning and teach you the fundamentals.

Self Paced
Self-Paced
Unlocking Investment and Finance in Emerging Markets and Developing Economies (EMDEs) (edX) EdX
World Bank Group,WBGx

Unlocking Investment and Finance in Emerging Markets and Developing Economies (EMDEs) (edX)

To achieve the Sustainable Development Goals (SDGs) by 2030, an estimated $4.5 trillion per year in additional investment and finance in EMDEs will need to be mobilized. This free online course assesses global efforts and innovations by international investors, multilateral development banks and policymakers to unlock massive investment opportunities in EMDEs, while also tackling some of the world’s most pressing development challenges of our time.

Self Paced
Self-Paced