Fusion Bank: Integrating AI-Driven Financial Innovations with Risk-Aware Data Engineering in Modern Banking

Abstract

PwC-SSB Bank has announced the Fusion Bank competition, in the context of the Workshop program. The competition challenges participants to reveal their creative potential and to compete with state-of-the-art AI and machine learning solutions in the financial domain. Participants will be required to design a set of machine learning models, AI-driven algorithms, and systems that can help PwC-SSB Bank address a broad range of challenges in modern banking, following the principle of Fusion Bank. The competition will cover three main themes: (1) Risk-Aware Data Engineering for AI-Driven Financial Innovation-Participants will design a number of conceptual data engineering models that can ingest, pre-process, and output data in a form that will be beneficial for the downstream development of various machine learning models. A set of data engineering tasks will be designed, focusing on multiple heterogeneous and high-volume sources of financial data. (2) The Provision of Data-Driven Value-added Bank Services-An array of machine learning models and services will be developed, following the principle of a component-based system architecture. (3) Excuses for Black-Box AI-Participants will develop an array of AI-Driven algorithms that can generate human-understandable explanations when making future predictions or assessments in the financial domain and a set of tasks that these algorithms should address.

Participants from academia or industry are invited to join the community of top scientists, researchers, and practitioners in the fields of machine learning and artificial intelligence. They will be challenged to reveal their creative potential, dedication, and skills in a casual yet competitive setting. By joining the competition, participants will receive unique access to the 2023 AI-driven financial databases of PwC-SSB Bank. They will be able to compare their solutions with others by participating in a global leaderboard, staying online until the end of year. Finally, participants will have an opportunity to submit their original contribution to a peer-reviewed article, which will be published in a special issue of a computing journal, after the end of the competition