Future of Finance Lab - Session #7 Ian Schnoor on Financial Modelling AI and the Mod squad скачать в хорошем качестве

Future of Finance Lab - Session #7 Ian Schnoor on Financial Modelling AI and the Mod squad

Join us for Session #7 of the Future of Finance Lab, where Lance Rubin (Model Citizn) welcomes Ian Schnoor, Executive Director of the Financial Modeling Institute and co-host of the Mod Squad, for an in-depth conversation on the evolving intersection of financial modeling, artificial intelligence, and the future of finance professionals. In this session, Ian and Lance dive into: • The origins and mission of the Mod Squad, a group dedicated to rigorously testing AI-powered financial modeling tools, including third-party applications and native Excel integrations. • First-hand experiences comparing tools like TabAI, Claude (Anthropic), Microsoft Copilot, and others—what works, what doesn’t, and where the technology is heading. • The critical distinction between automation (AI doing the work for you) and augmentation (AI enhancing the skills of finance professionals), and why strong foundational modeling skills are more important than ever. • Real-world anecdotes about the risks of over-reliance on AI, the importance of understanding model structure and logic, and the dangers of delegating responsibility without expertise. • The impact of AI on the skills required for accounting and finance professionals, and how the profession can adapt—drawing parallels to the spreadsheet revolution of the 1980s and 1990s. • Practical tips for learning financial modeling in the age of AI, including the necessity of good model design, avoiding hardcoding, reducing complexity, and always reviewing AI-generated outputs for accuracy and reasonableness. • Reflections on the evolution of modeling technology, from Lotus 1-2-3 and VisiCalc to modern Excel and AI-driven tools, and what the future might hold for the next generation of finance professionals. Whether you’re a seasoned modeler, an aspiring analyst, or simply curious about how AI is reshaping the finance industry, this session offers candid insights, actionable advice, and a glimpse into the future of financial modeling. Don’t forget to check out the Financial Modeling Institute and follow Ian Schnoor for more expert content! Timestamps: 00:00 - Introduction and session overview 05:00 - The Mod Squad: origins and approach to AI tool testing 20:00 - Comparing AI tools: strengths, weaknesses, and practical outcomes 35:00 - Automation vs. augmentation in financial modeling 50:00 - The evolving skillset for finance professionals in an AI world 1:05:00 - Tips for learning and thriving with AI in finance 1:15:00 - Reflections on the history and future of modeling technology 1:25:00 - Closing thoughts and key takeaways Like, comment, and subscribe for more sessions on the future of finance and technology!