Fintech - Innovative Banking Course

Fintech can be defined as the application of digital technologies to create, record, transfer and manage financial value and risk. In this course we will focus on three areas of fintech that are of particular interest to bankers.

The first area of focus is the distributed ledger technology also knows as blockchain. Did you know that blockchain itself combines digital technologies that originated in cryptography and computer science? We will play with these technologies to get a hands-on understanding of how blockchain training might be useful for bankers.

The second area of focus is digital identity. Did you ever think that in the future banks may be in the business of guarding the digital identities of their customers? This Fintech course will delve into the attributes of digital identity and see what the future might hold.

The third area is digital money and digital payments. You probably have read about the central banks and regulators around the world preparing the groundwork for the issuance of digital currencies. You may have also read about bitcoin mining, digital tokens and smart contracts. We will discuss how various technologies are changing what is considered valuable in the digital space and what regulators might support.

The following roles within global banking, retail banking, building societies, management consultancies, professional services and asset management:

• Managers who need to prepare for disruptive innovations and challenges coming out of the fintech ecosystem
• Managers and project directors who need to better understand areas of fintech relevant to their line of work
• Heads of strategy and innovation

Introduction to FinTech:

This session will provide an overview of the changing FinTech ecosystem with a special focus on how FinTech affects the banking industry. To understand the disruption in banking one first needs to understand the main pillars of banks. What is the origin of banking? What has led to the current form of banks? Thus, understanding the strengths and weakness of banks can help us isolate the areas where one could see disruption. We will start the session by studying banks in their traditional form and then move on to FinTech where we will examine new business models and their potential to change the intermediation landscape.

FinTech, TechFin and BigTech - what's the difference?

In this session we will examine nonbanks as it is difficult to separate purely FinTech firms vs nonbank firms such as Amazon which are increasingly acting as credit intermediaries. We will also explore the differences between FinTech, TechFin and BigTech.

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