Finance
Mindstone and Templar Partner to Upskill Financial Sector
Global Banking & Finance Review®
Company
Mindstone, an AI training platform, and Templar Advisors, a communications coaching firm specializing in financial services, have announced a collaboration to address the AI skills gap in the financial sector.
Mindstone, an AI training platform, and Templar Advisors, a communications coaching firm specializing in financial services, have announced a collaboration to address the AI skills gap in the financial sector.
The partnership will provide Templar’s clients access to Mindstone’s AI Competency Program. This initiative comes as AI spending in financial services is projected to reach $97 billion by 2027, the highest among major industries.
The collaboration aims to help financial institutions upskill their workforce in AI technologies, focusing on innovation and growth without resorting to automation-related job cuts. It also aligns with the upcoming EU AI Act, which will mandate AI training for employees from December.
Templar Advisors’ team will undergo the AI Competency Program, enabling them to advise clients from first-hand experience. Joshua Wöhle, CEO of Mindstone, and Joseph Bikart, Co-Founder of Templar Advisors, both expressed enthusiasm for the partnership’s potential to drive positive impact in the financial services industry.
The program will focus on practical AI skills, compliance with regulatory requirements, and enhancing competitiveness in an increasingly AI-driven market.
AI training refers to the process of teaching artificial intelligence systems to recognize patterns and make decisions based on data. It involves using algorithms and large datasets to improve the AI's performance over time.
The EU AI Act is a legislative proposal by the European Union aimed at regulating artificial intelligence technologies. It sets out requirements for transparency, accountability, and safety in AI applications.
AI technologies encompass various tools and systems that enable machines to perform tasks that typically require human intelligence. This includes machine learning, natural language processing, and computer vision.
Workforce upskilling refers to the process of enhancing the skills and knowledge of employees to meet evolving job demands and technological advancements. It is crucial for maintaining competitiveness in the job market.
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