AI For Finance

Predicting entire financial statements with machine learning

Paul Geertsema, associate professor accounting & AI at Vlerick Business School, uses contemporary AI approaches to solve accounting and finance problems. He believes that combining appropriate analytical tools with a deep understanding of real-world business is the key to creating effective solutions. He’s published work in leading international journals – including the Journal of Banking and Finance and the Journal of Accounting Research. And he’s the author of Machine Learning for Managers – a practitioner’s guide to using machine learning to create business value. Before starting his academic career, Paul held several roles at Barclays Capital. He worked as a credit derivatives trader in Hong Kong, managing $2bn of proprietary capital. And in London, he was a sell-side research analyst, responsible for research coverage of $100bn of securitised assets.

Join this keynote with Paul Geertsema on a groundbreaking topic: predicting entire financial statements using machine learning. While the use of AI to predict sales or earnings is already well-established, this presentation delves into a more ambitious challenge—forecasting the entire set of financial statements. Paul will explore the main challenge of ensuring that predicted financial statements are coherent, meaning they satisfy all accounting identities. His innovative approach involves translating dollar line items into a new space, where any prediction inherently results in coherent financial statements. This method not only ensures coherence but also achieves lower prediction errors. Discover how cutting-edge techniques can revolutionize financial forecasting and provide more accurate and reliable financial statements with the power of AI.

Charlotte Van Brabander is active as a Belgian finspirator to inspire the Fleming to break the money taboo. Saving smartly and working on your money mindset can optimize your life. As author of the book FIRE: how to stop working at an earlier age, she brings the wise life lessons around money that everyone can apply. As a poker player, she has a different perspective on risk and money. Charlotte is founder of Smart Savings, a company that lets people take the first steps to investing.

AI & Ethics: The Future of Finance

Badr Boussabat is a 3x author on AI, Professor on AI and Marketing at Université Paris Panthéon 1 Sorbonne, Expert on AI in Ethics in Finance, International Speaker with over 250 conferences, Management Committee Member of the Belgian Finance Center, Management team member of the World Alliance of International Financial Centers and Portfolio Risk Manager with several years of experience.

This keynote will explore AI's profound impact on finance, focusing on algorithmic bias, transparency, and performance . Ethical AI will become the next benchmark for financial performance and regulatory compliance. Badr Boussabat will discuss how upcoming regulations will demand higher ethical standards and provide strategies to prepare. Embracing ethical AI now is crucial for building trust, ensuring compliance, and maintaining a competitive edge. Join us in shaping a responsible and prosperous future for the financial industry.