CISI and ACI FMA partnership renewal will enhance efforts to improve the culture of financial markets.

By Lora Benson | Jul 01, 2024

The Chartered Institute for Securities & Investment (CISI), with over 50,000 global members in 100 countries, is delighted to continue collaborating with the ACI Financial Markets Association (ACI FMA) – a non-profit global trade association that represents the interests of the professional financial markets community with over 7,000 members in 60 countries.

As of May 2024, both organisations will continue delivering educational tools to global financial markets and will now foster learning in ethical artificial intelligence through the distribution of the CISI Certificate in Ethical Artificial Intelligence (AI).

The partnership, initially agreed upon in 2019, means the CISI and ACI FMA will collaborate using mutual networks, particularly relating to the recognition and promotion of the respective qualifications, membership offerings, promotion of integrity and ethics, and distribution of stand-alone products to both membership bases.

The agreement also includes mutual recognition of some ACI FMA programmes as equivalent to one CISI examination unit in the CISI International Investment Operations Certificate (IOC). This short course is important for anyone wanting to understand the fundamental ethical and management issues in the deployment of AI in financial and professional services.

ACI FMA Diploma holders with three years of experience can become associate members of the Institute, and ACI FMA will offer a reduced fee for CISI members who wish to apply and are successfully granted ACI FMA Individual Membership.

CISI CEO Tracy Vegro OBE said: “We value our partnership with the ACI FMA and are looking forward to strengthening our relationship with our renewed agreement, particularly through sharing the CISI Certificate in Ethical Artificial Intelligence (AI) – a valuable necessity for understanding ethical guidelines and regulations and the future of financial services.” 

ACI FMA president Kim Winding Larsen (left) said: “ACI FMA truly appreciates this partnership. As valuable partners, the CISI and ACI FMA will continue to look for other initiatives that benefit the membership of both organisations.”