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Available dates

Dec 9—12, 2019
4 days
London, United Kingdom
GBP 4195 ≈USD 5441
GBP 1048 per day

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About the course

Gain the expertise required to become a leader in FinTech & drive change

Developments in the FinTech space are transforming financial services and blockchain and distributed ledger technology is at the forefront of this revolution. Both The Wall Street Journal and The Economist have described it as technology that could change the world.

Blockchain offers banks, asset managers and other organisations the potential to achieve considerable cost savings, efficiencies and resilience in relation to their payment and payment execution systems. These are developments that no senior executive can afford to ignore. Gaining a foothold at this early stage is vital in shaping the technology strategies of the future.

This course provides a grounded and organisationally relevant introduction to blockchain and related cryptocurrency technology and a detailed look at Initial Coin Offerings. Starting from first principles, the course approaches the technology from a number of different perspectives providing foundational knowledge that will enable delegates to return to their own organisations with a clear understanding of how this important technology impacts the bottom line.

This course is a comprehensive guide to understanding and using blockchain technology, and through practical demonstrations and examples, will leave people with real sense of what’s possible.

This course is made up of 2 modules:

  • Module 1 – AI, Machine Learning & Big Data for Banks & Financial Institutions
  • Module 2 – Blockchain - A Practical, Strategic & Commercial Guide

Agenda

Day 1

Objectives

  • Understanding how machine learning and big data analytics shape decision making in Financial Services sector
  • Identify the Critical Success Factors for an organisation’s Big Data strategy

Session I Foundations of Big Data & Machine Learning

  • Core Big Data and Machine Learning concepts
  • Big Data and Financial Analytics State-of-the-Art and Developments
  • Impact on the Financial Services sector
  • Types of problems in Finance that can be solved using Machine Learning / Big Data analytics
  • Machine Learning pipeline : From Data to Prediction

Session II Key aspects of a successful Big Data Strategy

  • The need for a Big Data Strategy
  • Strategic Opportunities and considerations of a Big Data Strategy
  • The six key aspects of a Big Data Strategy:

  • Data: This involves data governance, massive reorganization of data architectures, Privacy and regulatory compliance

  • Identification: This involves identifying business opportunities that could be harnessed by using Big Data / Machine Learning techniques

  • Modeling: This involves determining how data models can improve performance and optimize business outcomes

  • Tools: This involves choosing the appropriate Big Data Infrastructure and Tools for managing and analysing data

  • Capability: This involves building a road map for assembling the right talent pool of the right size and mix

  • Adaptation: this involves adjusting the company culture and making sure that the frontline decision makers understand and incorporate the voutput of modeling into their business decisions and core strategy

Session III Framework for Big Data Projects : The Big Data Canvas

  • A framework for thinking about, embracing and acting on a Big Data Strategy
  • Acquiring data from the right sources, possibly involving massive reorganization of data from legacy IT systems and obtaining data from external data sources as well
  • Implementing a data-governance standard across the organization to enable access control of data to meet compliance and regulatory obligations, simultaneously ensuring that the data is available to data professionals
  • Identifying key business problems and determining how Big Data / Machine Learning can help optimize business outcomes
  • Ensuring that the appropriate infrastructure and tools are used for storing, transforming and modeling data, finally making the modelling outcomes available to frontline managers
  • Building capabilities by establishing the right talent pool with the right mix. This includes hiring/training Data Science Managers, Data Scientists, Data Developers, Software Developers and Business Analysts
  • Choosing the correct business metrics to indicate success/failure of a big data project
  • Arguably the most important action- swiftly adjusting company culture by making managers realize the value of Big Data and the importance of incorporating Big Data into the core strategy of the company

Team Challenge I Plotting on the Big Data Canvas

  • Participants are challenged in teams to create a preliminary Big Data Strategy based on the first 3 sessions
  • Each team will be provided with an blank Big Data Canvas
  • Members of each team must brainstorm and complete the Big Data Canvas, encompassing all aspects of a Big Data Strategy discussed (Data, Modeling, Tools, Capability, Adaptation) and other aspects such as Costs, Value Add.

Session IV Big Data Landscape

  • Overview of different technical components and solutions available for a Big Data Implementation
  • A guide to choosing the appropriate set of solutions based on the the suite of business problems in the financial domain, the availability of skilled talent and company culture
  • This includes separating the wheat from the chaff in the big data vendor ecosystem in areas of Infrastructure, Machine Learning, Analytics, Applications, Data Sources and Training
  • Pros, Cons and considerations of choosing between Proprietary Vendor Products and Open Source in-house software solutions

Session V Big Data: Tactics and Best Practices to Overcome Organizational Hurdles

  • An overview of common organizational hurdles
  • Key to effective use of Big Data - Data Governance platform to allow Internal cross-functional integration, and fulfilling data privacy and regulatory compliance obligations via data access auditing
  • Means to provide seamless data access to data modellers and business insights to decision makers
  • Scalable IT Infrastructure and the lack thereof, stemming from the existence of legacy systems

Team Challenge II Implementation Roadmaps and Contingency Plans

  • Participants are challenged in teams to test the robustness of their Big Data Canvas to implementation challenges
  • Team members have to devise an implementation roadmap with several contingency plans for their Big Data Strategy
  • A set of wildcards will be handed out, containing implementation challenges pertaining to their Big Data Canvas; teams must include solutions to these challenges in their contingency plans
  • A volunteer from each group presents key findings that resulted from the discussions
  • Review and Discussion

Day 2

Objectives

  • Recognition of the dynamics of big data, analytics and insights in various applications in banking
  • Communication skills to convey your business requirements to data professionals

Case Studies I Big Data: Applications in Finance Part I

  • Churn Prediction & Prevention
  • Loan Default Calculation/Prediction
  • Quantitative Trading
  • Sentiment Analysis
  • Natural Language Processing of news sources/social media

Team Challenge III Contextualising Case Studies

  • Participants are challenged in teams to review the case studies and contextualize the examples to the their own organizations and challenges
  • Teams present their ideas as elevator pitches
  • The instructor evaluated of how these applications can positively affect their organizations

Session VI Communicating Business Objectives to Data Professionals

  • Once business problems have been identified - it is important to to effectively communicate these ideas to data scientists
  • Communication best practices and heuristics to communicate with professionals with a technical or quantitative background

Team Challenge IV Communicating Requirements to Data professionals

  • Participants must evaluate one or more business objectives discussed in the previous team challenges, and develop and communicate a strategy prompt in form of a short presentation

Case Studies II Big Data: Applications in Finance Part II

  • Market/Customer Segmentation - Targeted Marketing
  • - Up selling financial products
  • - Cross selling financial products
  • Anomaly Detection
  • - Customer Fraud Detection - Anti Money Laundering or Theft
  • - Employee Fraud Detection - Rogue Traders
  • Risk Management and Control

Team Challenge V

Contextualising Case Studies

  • Participants are challenged in teams to review the case studies and contextualize the examples to the their own organizations and challenges
  • Teams present their ideas as elevator pitches
  • The instructor evaluated of how these applications can positively affect their organizations

Session VII Financial Services of the Future: The Time to Harvest Your Data is Now

  • Identifying key technologies and developments in data which will impact the financial services in the next 3 years
  • The changing landscape when it comes to data architecture, governance, privacy, compliance and strategy

Session VIII Disruptive Fintech - The Competitive Advantage of Data

  • What risks do fintech firms pose to traditional financial service providers and how can they meet their challenger?
  • Technologies such as Blockchain (a distributed public ledger for validating transactions) are challenging financial institutions on a fundamental level
  • Creating value from the warehoused data provides banks with their unfair advantage. As fintech firms challenge the legacy systems of larger financial institutions by building products using the latest technology - they can by no means challenge/compete with the years of collected data

Review and Discussion

  • A summary of key points covered during the workshop
  • Guidance and resources on how to develop a deeper capacity for developing and executing on your Big Data Strategy

Day 3 & 4

Blockchain: A Practical, Strategic & Commercial Guide INTRODUCTION

  • Background and Introductions

Course Structure

  • Why is blockchain so important?
  • How is blockchain used? Sector Examples
  • Market dynamics

CONTEXT How organisations work and examples

  • Front to back | Business process flows & making money | Goods & services
  • Technology architecture | Centralised vs. Distributed
  • Supply and purchase

THE EMERGENCE OF CRYPTOCURRENCIES (AND THE BLOCKCHAIN) Money

  • What is money and how does it acquire value?
  • Banking and payments infrastructure
  • Central banking and regulation
  • The advent of the internet and the case for digital money

History of Cryptocurrencies

  • The world pre-bitcoin
  • The challenge of digital money | Sending and Receiving Money Online
  • Bitcoin and why study it?
  • The emergence of blockchain from Bitcoin
  • Bitcoin and Cryptocurrencies Today
  • Digital currencies - Bitcoin, Ether, Ripple, Dash, Litecoin, Zcash, Monero etc
  • Understanding Wallets, Sending and Receiving Bitcoin

High Level - How blockchains and cryptocurrencies work?

  • Cryptographic primitives
  • The hash function | SHA 256 and examples
  • Digital signing
  • Public / private key infrastructure
  • The concept of identity and wallets
  • Transactions and Consensus Protocols
  • Digital Currency Trading Exercise

The Blockchain Game - Compete to Mine A Digital Currency

Decentralised Applications - Open Software and Smart Contracts

  • Ethereum and EOS
  • Smart Contracts
  • Using Smart Contracts

Market Overview

  • Currency Segmentation
  • Market trends
  • Initial Coin Offerings and capital raising

Digital Currency Trading Exercise

  • Introduction to digital currency trading and currency exchanges
  • Example trading indicators - MACD, Moving Averages, Relative Strength
  • Cyber security

Corporate Structures

  • Digital currency companies
  • Governance
  • Distributed Autonomous Organisations

Regulatory, Tax and Compliance

  • Government Perspectives
  • Regulatory Framework
  • Tax Treatment
  • Money Laundering - KYC and AML

Workshop Session: Using blockchain and digital currency technology

  • Opportunity Assessments
  • Proof of Concept
  • Blockchain Strategies
  • Commercial Perspectives - how do you engage a blockchain company?

Blockchain Technologies By Sector and Function

  • Sector Review - Financial Services, Oil and Gas, Pharmaceuticals, Retail, Media
  • Functional Review - Provenance, Procurement, Payments, Sales and Identity

Beyond Blockchain Technology

  • Challenges with Blockchain Technology
  • IOTA

THE FUTURE Where next for blockchain technology?

  • Vision and Opportunities
  • Barriers

Trust the experts

Haydn Jones

Haydn Jones has over 20 years’ commercial, operational and technical experience working for commercial/investment banks (UBS/Deutsche Bank), a central bank (the Bank of England), a management consultancy firm (A.T. Kearney) and a global technology company (Fujitsu). He has depth in terms of opera...

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