Description
Introduction
Digital disruption is having an increasing impact throughout all industries. Banking faces challenges from all sides in these trying times.
Objectives
This course provides a solid introduction to digital and transformation frameworks. Starting from first principles, we approach digital from a number of different perspectives, providing foundational cultural and technical knowledge that will enable delegates to gain a sound knowledge of the challenges generated by this digital transformation. We will also assess digital strategies, which will enable us to identify those organisations that are executing strategies that offer the highest probability of success, namely Fintech, GAFA, NATU and BATX.
Also, we will examine how digital innovation disrupts hitherto traditional banking practices and thereby yields competitive advantage to online branches. However, the real challenge is not adopting new technologies but embracing digital culture.
We will understand that any bank committed to undergoing this transformation will have to modernise its tactics and embrace technology. Replacing legacy systems alone is not enough; embarking on the digital transformation path marks a fundamental disruption of the banking business model, culture and customer relationships.
Programme
Setting the scene for digital
1. The fundamentals of digital transformation
2. Financial markets reacting to this digital revolution
3. How can banks adapt their business model
4. The traditional customer interaction and the new rational
5. Open banking and APIs
6. An evolving workforce: upskilling & retraining
Highlights on the main changes for the banking industry
1. Digital disruptors for banks and the way to react
2. The fintech unicorns: facts & figures
3. The “bundled” banking offering or the new bank
4. Innovation in payments and data
Tomorrow’s technology for the banking industry
1. Blockchain, cryptocurrencies, DeFi and CBDC
2. AI and machine learning
3. Cybersecurity
4. The role of financial regulators
5. Data privacy
Case studies will be spread throughout the days if relevant & if time allows.
Target Audience
This is an introductory course, which will appeal to non-technical professionals of the banking sector involved in the Digital Transformation of their respective organization (financial institutions, central banks or supervisory bodies in the areas of banking).
Modalities
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here ). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Exam
No exam is available for this course.
Contact
For further questions please contact our partner in your country