Course Code: mlbankingpython
Duration: 28 hours
Prerequisites:
  • Experience with Python programming
  • Basic familiarity with statistics and linear algebra
Overview:

In this instructor-led, live training, participants will learn how to apply machine learning techniques and tools for solving real-world problems in the banking industry. Deep learning techniques are covered in the latter part of the course. Python will be used as the programming language.

Participants first learn the key principles, then put their knowledge into practice by building their own machine learning models and using them to complete live team projects.

Course Outline:

Introduction

  • Difference between statistical learning (statistical analysis) and machine learning
  • Adoption of machine learning technology and talent by finance and banking companies

Different Types of Machine Learning

  • Supervised learning vs unsupervised learning
  • Iteration and evaluation
  • Bias-variance trade-off
  • Combining supervised and unsupervised learning (semi-supervised learning)

Machine Learning Languages and Toolsets

  • Open source vs proprietary systems and software
  • Python vs R vs Matlab
  • Libraries and frameworks

Machine Learning Case Studies

  • Consumer data and big data
  • Assessing risk in consumer and business lending
  • Improving customer service through sentiment analysis
  • Detecting identity fraud, billing fraud and money laundering

Hands-on: Python for Machine Learning

  • Preparing the Development Environment
  • Obtaining Python machine learning libraries and packages
  • Working with scikit-learn and PyBrain

How to Load Machine Learning Data

  • Databases, data warehouses and streaming data
  • Distributed storage and processing with Hadoop and Spark
  • Exported data and Excel

Modeling Business Decisions with Supervised Learning

  • Classifying your data (classification)
  • Using regression analysis to predict outcome
  • Choosing from available machine learning algorithms
  • Understanding decision tree algorithms
  • Understanding random forest algorithms
  • Model evaluation
  • Exercise

Regression Analysis

  • Linear regression
  • Generalizations and Nonlinearity
  • Exercise

Classification

  • Bayesian refresher
  • Naive Bayes
  • Logistic regression
  • K-Nearest neighbors
  • Exercise

Hands-on: Building an Estimation Model

  • Assessing lending risk based on customer type and history

Evaluating the performance of Machine Learning Algorithms

  • Cross-validation and resampling
  • Bootstrap aggregation (bagging)
  • Exercise

Modeling Business Decisions with Unsupervised Learning

  • K-means clustering
  • Challenges of unsupervised learning
  • Beyond K-means
  • Exercise

Hands-on: Building a Recommendation System

  • Analyzing past customer behavior to improve new service offerings

Introduction to Neural Networks and Deep Learning

  • Layers and nodes
  • Convolutional neural networks
  • Recurrent neural networks
  • Multilayer perceptrons
  • Frameworks: Theano, TensorFlow, Keras
  • Exercise

Hands-on: Building an AI system

  • Monitoring big data to detect money laundering and billing fraud

Extending your company's capabilities

  • Developing models in the cloud
  • Accelerating machine learning with GPU
  • Beyond machine learning: Artificial Intelligence (AI)
  • Applying neural networks for computer vision, voice recognition and text analysis

Closing Remarks