This course is ideal for business professionals who do not have a technical / IT background, irrespective of whether they are at entry level or are experienced professionals, who are looking to understand the Digital Banking and Fintech applications and learn how to apply them.
Duration
5 Days
Programme Overview
Banks today are primarily technology companies, working in the “money business”. This module introduces the various dimensions of the contemporary issues banking COOs/CIOs/CTOs facing: how is the next generation IT operating model of a bank should look like in terms of hardware infrastructure, application and data landscape, organization and business-IT interface, key IT processes, as well as the major challenges arising from the technology native FinTech world.
This course provides an overview of the current status quo and aims to ask the right questions to adjust to the business model to survive in the future. The workshop is very interactive, with case studies, short presentation, videos and group work.
Objectives
After completing this course, participants will be able to:
Explain the importance of FinTech
Learn from the sharing economy on which clients to target to future revenue stream
Recognise the biggest competitor to the financial industry
Gauge the regulators' stance
Identify areas where FinTech will revolutionise your banking and finance business
Spot processes that can be enabled by digitalisation
List the threats Fintech poses to the banking and financial industries
Appreciate the changes required in the banking business model
Recognise FinTech start-up companies
Identify already existing threats from non-banks
Explain blockchain, cryptocurrencies and the future of currency
Learn about Big Data and AI
Methodology
In this course the attendees will gain insight into the operational problems that today’s banks face and what are the typical responses to those, and what kind of ‘parallel universe’ the Fintech challengers are building up. To highlight the practical relevance of the module materials, we will discuss many case examples throughout the module.
Course Outline
Day 1: The stories of Enablers and Disruptors
Introduction
The 4th Industrial Revolution
Examples of digitalisation in all areas of life
FinTech: Speed of execution
Day 2: Enabling Banking and Finance
Banking today
Banking the future – the digitally enabled bank
FinTech as an enabler of banking services
Team exercise: How FinTech enables and disrupts banking and financial services
Case studies on digitally enabled banks
Regulation
The attack on the payment systems
Day 3: The real disruption of banking and money
Payment technology arms race
Digitalisation of money
Distributed ledger technology explained
From fiat currencies to cryptocurrencies
Day 4: Blockchain and Cryptocurrencies
Cryptography and digital signatures
How does the blockchain work?
Blockchain demo
Security and practical issues
Cryptocurrencies
Analysing and trading cryptocurrencies
Initial coin offerings (ICO)
Applications of the digital ledger technology (DLT)
Day 5: Big data, artificial intelligence and business model innovation
Big data
The digitalisation of the business model: the game changer
