In response to the rapidly evolving landscape of financial technology (FinTech), driven increasingly by advancements in Artificial Intelligence (AI), the Global Centre for Fintech Innovations has announced a specialized training program designed to equip professionals with the critical skills needed to thrive in this competitive industry.
The program, titled AI Applications in FinTech, will take place on October 1, 2024, as a one-day, online course.
Fintech is the use of technology in improving and automating the delivery and use of financial services, the use of such technologies has helped companies, business owners, and consumers to better manage their financial operations, processes, and lives.
The Global Centre for Fintech Innovations is a leading institution dedicated to advancing the FinTech industry through cutting-edge research, innovative solutions, and comprehensive training programs. Serving as a hub for industry professionals, academics, and policymakers, the Centre fosters collaboration and knowledge-sharing to drive the future of financial technology.
The initiative will aim to provide participants with a robust understanding of AI’s role within the FinTech sector. The curriculum covers essential topics including an introduction to AI and Natural Language Processing (NLP), the evolution and integration of AI in FinTech, and the legal, privacy, and security considerations associated with AI implementation in financial services. Participants will gain valuable insights into how AI is transforming the financial industry, from enhancing existing systems to developing new AI-driven products.
Dr. Kwami Ahiabenu, Director of the Global Centre for Fintech Innovations, cited the importance of the program, stating, “With the rapid integration of AI in the financial sector, there is an urgent need for professionals to acquire the skills necessary to leverage these technologies effectively. This training program is designed to fill that skills gap, empowering participants to harness AI’s full potential in FinTech.”
The training is specifically tailored for FinTech decision-makers, bankers, financial analysts, tech professionals, accountants, auditors, lawyers, startup founders, academics, researchers, government officials, and policymakers. By participating in the course, these professionals will be better equipped to navigate the complexities of AI within their respective fields.
The use of Fintech in Ghana is growing rapidly, with over 70 to 100 companies offering various financial services, primarily in digital payments and mobile money.
Mobile network operators like MTN, have their MTN mobile money services dominating the market with about 89.3% of mobile financial services revenue.
Regulated by the bank of Ghana, the FinTech market is expected to grow significantly, primarily driven by the increase use of smartphones and a move towards the use of digital spaces in transacting business, the market volume is forecasted to reach $948 million ( GHC 14,836,427,520.00) by 2028.
In Ghana, the digital investment market is expected to show a revenue growth of 10.32% in 2025. Research shows that the revenue of the global FinTech industry increased rapidly between 2017 and 2023.
In 2023 the total revenue of the industry was estimated at $79.38billion (GHC1,242,316,051,200.00). According to Statista Market insights, the revenue of the global Fintech sector is forecast to reach an increase in the coming years, exceeding $141.18 billion (GHC 2,209,500,883,200.00) in 2028.
