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B.E Artificial Intelligence and Machine Learning AI for Financial and Banking Application Syllabus - Mumbai University 2026

This is the Fourth Year AI-ML syllabus under REV-2019 'C' Scheme, in force from the academic year 2023-24. The University has not yet published an NEP 2020 syllabus for this year of the degree, and this is the scheme its examinations are set on.

AI-for-financial-Banking-application.pdf
Semester 8 · Fourth Year AI-ML

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Syllabus for AI for financial & Banking application

Semester 8 · Fourth Year AI-ML

Module 1: Information Technology Infrastructure and Digitization of Financial Banking Enterprises

  • Digital Technology driven processes, BlockChain technologies for Financial – Banking sector, GIFT citie Digital Money transfer Mechanisms. Digitization/ cloud services and solutions in banking and financial services Profiling enterprise software’s in financial and banking enterprises. Building Efficiencies, productivity, and infallibility in financial & Banking operations. Detailed study of various processes which shall be transformed by AI integration in banking and financial services. Self-learning : Introduction to business efficiencies, industrial productivity and high degree reliability systems for competitive advantage and carbon neutral enterprises.

Module 2: Financial Statistics and The Sharpe Ratio

  • Probability, Combinatorics, Mathematical Expectation ,Sample Mean, Standard Deviation, and Variance ,Sample Skewness and Kurtosis ,Sample Covariance and Correlation ,Financial Returns ,Capital Asset Pricing Model ,Sharpe Ratio Formula, Time Periods and Annualizing, Ranking Investment Candidates, The Quantmod Package, Measuring Income Statement Growth, Sharpe Ratios for Income Statement Growth

Module 3: Cluster Analysis

  • K-Means Clustering, Dissecting the K-Means Algorithm Sparsity and Connectedness of Undirected Graph Covariance and Precision Matrices, Visualizing Covariance, The Wishart distribution Glasso Penalization for Undirected Graphs, Running the Glasso Algorithm, Tracking a Value Stock through the Years Regression on Yearly Sparsity , Regression on Quarterly Sparsity , Regression on Monthly Sparsity

Module 4: Gauging the Market Sentiment

  • Markov Regime Switching Model, Reading the Market Data, Bayesian Reasoning, The Beta Distribution , Prior and Posterior Distributions , Examining Log Returns for Correlation ,Momentum Graphs ,Simulating Trading Strategies , Foreign Exchange Markets , Chart Analytics Initialization and Finalization , Momentum Indicators , Bayesian Reasoning within Positions , Entries , Exils ,Profitability,, Short-Term Volatility, The State Machine

Module 5: Trading algorithms

  • Vectorized Backtesting, Backtesting an SMA-Based Strategy, Backtesting a Daily DNN-Based Strategy Backtesting an Intraday DNN-Based Strategy , Risk Management : Trading Bot , Vectorized Backtesting Event-Based Backtesting ,Assessing Risk , Backtesting Risk Measures , Stop Loss , Trailing Stop Loss , Take Profit

Module 6: Fraud Analytics

  • Introduction , The Analytical Fraud Model Life Cycle , Model Representation , Traffic Light Indicator Approach ,Decision Tables , Selecting the Sample to Investigate ,Fraud Alert and Case Management ,Visual Analytics ,Backtesting Analytical Fraud Models : Backtesting Data Stability ,Backtesting Model Stability ,Backtesting Model Calibration , Model Design and Documentation

Textbooks

  • 1 Financial Analytics with R Building a Laptop Laboratory for Data Science MARK J. BENNETT University of Chicago DIRK L. HUGEN University of Iowa
  • 2 Artificial Intelligence in Finance A Python-Based Guide, Yves Hilpisch A
  • 3 Fraud Analytics Using Descriptive, Predictive, and Social Network Techniques: A Guide to Data Science for Fraud Detection , Bart Baesens, Veronique Van Vlasselaer, Wouter Verbeke
  • 1 “ Machine Learning for Asset Managers" by Marcos López de Prado
  • 2 "Advances in Financial Machine Learning" by Marcos López de Prado. Digital References:
  • 1 https://www.eastnets.com/newsroom/digital-transformation-in-the-banking-and-financial-services-sector
  • 2 https://www.techopedia.com/definition/34633/generative-ai

Reproduced from the University of Mumbai syllabus for B.E. (Artificial Intelligence and Machine Learning) under REV-2019 'C' Scheme, in force from the academic year 2023-24. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.

PDF 7.8 (R-A) B.E. (Artificial Intelligence and Machine Learning) Sem I & II (Revised, NEP 2020) NEP 2020 syllabus Read full PDF Read
PDF 6.21 (N) B.E. (Artificial Intelligence and Machine Learning) Sem III & IV (NEP 2020) NEP 2020 syllabus Read full PDF Read
PDF 6.42 (R) B.E. (Artificial Intelligence and Machine Learning) Third Year, Sem V & VI (REV-2019 'C' Scheme) REV-2019 'C' Scheme syllabus Read full PDF Read
PDF B.E. (Artificial Intelligence and Machine Learning) Fourth Year, Sem VII & VIII (REV-2019 'C' Scheme) REV-2019 'C' Scheme syllabus Read full PDF Read
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