Focus on FinTech (Online)

IFF Training

How long?

  • 5 weeks
  • online

IFF Training

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About the course

Are you up to speed with the key FinTech trends, challenges and opportunities?

How different firms adapt to this new environment will determine the future winners and losers. One only has to look at examples like Blockbuster, Toys R Us and Kodak to see just how high the stakes are.

IFF has created this course to give you a practical business understanding of the FinTech space. Following the course, you will be able to identify and evaluate the opportunities and challenges arising and apply them to your own organisation.

The emphasis is on relating the trends to real business issues rather than detailed technical briefings, helping you to demystify the jargon and provide you with practical tools highlighted by numerous case-studies drawn from the start-up and incumbent communities around the world

Come away with:

  • An understanding of how FinTech has evolved
  • An appreciation of the key technologies underlying FinTech
  • Awareness of the competitive landscape and the factors determining winners and losers
  • Familiarity with FinTech sub-sectors and some of the key playerss

Agenda

Module 1: Evolution of Digital for Banks & Open Banking

  • 1st Generation: digital within a multi-channel context
  • 2nd Generation: the Un-bundling and Re-bundling of financial services
  • Open Banking including Europe’s PSD2 regulation
    • what is Open Banking
    • the implicit vision: Smart Digital Assistant
    • challenges and opportunities
    • Open Banking in practice
  • 3rd Generation: future financial services in the context of Digital Lives
  • Key strategic choices for banks
  • Examples of how different global markets are developing

Module 2: Key Technology Enablers

  • Explanation of key technology enablers driving FinTech
  • Cloud Computing and the API Economy
    • what is cloud computing
    • jargon-busting: PaaS, IaaS, SaaS, public/private/hybrid
    • some of the key technology enablers underlying cloud computing: hardware virtualisation and service-oriented architecture
    • the API economy and how this is key to digital disruption of financial services
  • Machine Learning and Artificial Intelligence
    • what is Machine Learning
    • applications in financial services
    • distinction between Machine Learning and Artificial Intelligence
  • Distributed ledgers, blockchain, cryptocurrencies and smart contracts
    • compare central ledgers vs. distributed ledgers
    • what is different about blockchain
    • explanation of the key concepts used in blockchain
    • how cryptocurrencies, ICOs and smart contracts work
    • assessment of potential future significance of these technologies

Module 3: Battlegrounds & Sub-Sectors

  • Framework for understanding the different FinTech battlegrounds
    • who are the participants, what is the prize and what factors are determining the winners and losers?
    • regional Variation
  • RegTech
    • what is RegTech
    • key sub-sectors
    • examples of key players from the KYC/AML sub-sector: what do they do and why does it create value
  • What are the following FinTech subsectors (with examples of key players) and what is the outlook for them:
    • wealth management: social investment and robo-advisors
    • P2P/Marketplace Lending
    • Personal Financial Management (PFM) and Challenger Banks
  • Digital identity
    • the historical evolution of identity
    • the problem/opportunity of Digital Identity
    • national Identity Scheme models from around the world
    • how is FinTech seeking to address Digital Identity
    • future outlook and opportunity for banks

Module 4: Payments

  • Why payments is a key sector of FinTech
  • Segmentation of the payments market and macro trends
  • Bank revenues from payments
  • Jargon-busting in payments
  • The payments ecosystem: issuers, acquirers and schemes
  • The four-party model for cards
  • Cards vs. ACH: the battle for the payment rails
  • P2P payments and remittances: market trends and examples of key players
  • “App & Pay” vs. “Tap & Pay”: the battle for physical commerce
  • Regional variation in eCommerce payment
  • Mobile contactless payment: a cautionary tale!
  • Overview of trends impacting evolution of payments
  • Future of payments & shopping: contextual payments & cognitive commerce

Module 5: Winning Formula

  • The legacy issues facing incumbents
  • Winning formula for banks
    • strategy & propositions
    • delivery
  • Impact on business models
  • Ways of working for the digital era
    • Agile vs. Waterfall
    • Lean
    • DevOps
  • How are banks investing in FinTech: different models
  • Examples of leading exponents
  • Models for driving digital innovation

What you'll learn

  • An understanding of how and why FinTech has evolved, including the significance of Open Banking
  • An appreciation of the key technologies, including cloud computing, machine learning, artificial intelligence, blockchain, smart contracts and distributed ledgers
  • Awareness of market trends, the competitive landscape and the factors determining winners and losers
  • Familiarity with FinTech sub-sectors
  • Cryptocurrencies, and some of the key players
  • An understanding of the way that FinTech is disrupting the key payments market
  • The ability to identify opportunities and threats for different businesses
  • Action points, including an understanding of new ways of working such as Agile, Lean and DevOps

How you'll learn

  • A module is released each week for five weeks
  • The learning is in bitesize chunks so it does not impact on your normal working day
  • You'll learn via video content, quizzes and other materials
  • You'll be able to interact with the trainer and other students on the discussion forum
  • After the five weeks is over, you have two months to review the material

Experts

Richard Johnson

He has worked in banking for 20 years and digital banking/payments/commerce for 10 years. In banking, his experience covered all sectors, especially retail banking and wealth management, in front-line, advisory and senior management roles. His work often involved the deepening role of technology ...

Videos and materials

Focus on FinTech (Online) at IFF Training

From  GBP 795$1,126

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Fintech

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