Learn about blockchain technology, including its applications, benefits, and challenges in the financial industry and how to leverage it for strategic advantage.
Who Should Attend?
This course will be of most value to:
1. Industry background: Banks (retail, private, corporate, and investment) and their governance bodies, central banks, regulators fintechs, IT companies, cloud computing companies, large corporations, telecommunication, credit card companies, payment processors, big merchants (on- and offline), card issuers, acquirers, payment software developing companies, money transfer services, anybody interested in the future of financial services
2. Functional area: Mid- and top-level management, project- and product-managers, strategy-departments, innovation-departments, marketing departments, consultants, technical experts and developers interested in the business impact of blockchain and other technologies on banking.
Day One:
Financial services and digitalization
About technological breakthroughs and the bank of the future
Many incumbent and challenger banks will founder in the coming years; not because they fail with new technology or the latest regulation, but because they can’t grasp the changing nature of customer demands and market dynamics. Hyper-connectivity, platform economics, and new lifestyles make societies rethink money and they also change the way companies compete. Highlights of the course include:
How 21st century technological and social dynamics shape customer expectations
Key developments of the digital age including advances in hardware, cloud computing, or 5G
How to combat legacy in technology, processes, employees, and customers
How to leverage partnering and new tech to achieve parity with competitors forged in the digital age
Why data giants are pushing into finance, their odds of winning, and how to protect your business from them
Session 1: Key drivers and new market rules of the digital era
Session 2: Understanding and serving banking customers in the digital age
Session 3: Ticking time bombs in your organization – legacy systems
Session 4: Techfin: IT titans’ foray into the banking world
Session 5: Developing a strategy for digital transformation
Navigating the fintech wave
The ongoing disruption of financial services
Enabled by new technology and new regulation, so-called fintechs are one the one hand challenging banking behemoths, and on their expanding their reach when partnership-deals are struck. For customers fintech has led to an explosion of offerings, more user-friendly applications, and increased transparency. In this module you will learn:
About future business models in banking
About the importance of the banking license and how stable this entry barrier is
About shifting needs and consumer attitudes towards financial services
Why China’s and other Asian startups are leaping ahead of its Western peers
About the most important players on the different levels, namely infrastructure, platform, and application
How to use tools such as technology watch to find the right adoption path and timing
Session 1: Introduction to fintech, including trends and enablers such as regulation
Session 2: The technological fundamentals Part I: APIs, hardware, cloud, Banking-as-a-Service
Session 3: The technological fundamentals Part II: AI, machine learning, big data, DLT, blockchain
Session 4: The most important fintech segments and notable use cases
Session 5: Competitors or collaborator: Devising a fintech strategy
Day Two:
Blockchain essentials
A new trust machine transforming the economy and how to harness its potential
The technology behind cryptocurrencies is truly game-changing, not just for money transactions. From energy production to human identities – algorithmic trust is set to unleash large-scale disruption unseen since the rise of the internet. But what does it mean for your business? Following points will be covered in the module:
Introduction to crypto-currencies, blockchain, DLT, tokenization, and smart contracts
The dawn of a new techno-economic paradigm, enabled by pervasive and cheap “trust” becoming the new key resource
Direct and indirect ways it will impact your business
A step-by-step guide on when a blockchain makes sense for your company and which basic type of setup to use
Session 1: A new trust machine – promise and peril for incumbents
Session 2: Essential concepts in blockchain part I
Session 3: Essential concepts in blockchain part II
Session 4: Blockchain in the enterprise part I: governance, risk, and compliance
Session 5: Blockchain in the enterprise part II: tax, fraud, and crime
Blockchain for banking and financial services
What banks are doing and what they should be doing about blockchain
As banks are wrestling to implement blockchain applications to improve back-end processes, they must not lose sight of the game-changing potential of the technology. But the change might be different than what doomsayers predict. Even if the technology’s final form has not yet materialized, management theory can be a powerful compass to predict where the market is going. This course covers the following questions:
What are the key areas of finance affected by the blockchain and what can use cases teach us
What blockchain-strategies are financial institutions pursuing
How the blockchain can change business models in finance and open new revenue channels
Which challengers are most likely to use blockchain technology to cut into banks’ profit pools and how to counter it
What are regulators, lawmakers, and central bankers up to
Session 1: Blockchain in banking part I: banking use cases and case studies
Session 2: Blockchain in banking part II: digital currencies, regulation, and the law
Session 3: Blockchain in banking part III: digital currencies in practice
Session 4: Blockchain in banking part IV: central banks, regulators, and the law
Session 5: The future of blockchain
1309 G Street NW, Suite 900, Washington, DC 20005, USA
+1 919-503-4999
