Course Details:
Course Objectives :
By the end of the course, participants will be able to:
- Describe the evolution of key concepts and trends in the FinTech landscape
- Identify the technology driving FinTech today, including blockchain, artificial intelligence, and machine learning
- Develop a roadmap for FinTech-enabled business models using an array of elements as peer-to-peer lending, crowdfunding, and digital wallets
- Recognize key FinTech strategies for the effective execution of transformational change
- Apply performance measures to monitor the progress of business transformation
Course outline :
- FinTech Evolution and Principles
- History and principles of FinTech
- Global sectors leading with FinTech
- Impact of FinTech on corporate growth
- Where machines stop, and humans take over
- FinTech Technologies and Their Impact on Growth
- Wealth management robo-advisory
- Neo-banks: Challenges and growth patterns
- Mobile wallets and payment app expansion
- FinTech as an enabler for insurance, credit and lending risk
- FinTech and the management of financial operations
- Cryptocurrency adoption and regulatory challenges
- Developing a Transformational Roadmap for FinTech Adoption
- Stages of implementing FinTech innovations
- Setting goals and objectives
- Feasibility study preparation
- Budgeting and funding
- The roles of the CTO and the CIO
- Executing a FinTech Roadmap and Managing Change
- Four stages of execution: Prospecting, proof of concept, procurement, and implementation
- Lighthouse programs, Proof of Concept (PoC), and Minimum Viable Product (MVP) implementations
- Change management strategies in FinTech rollouts
- Failure risks and managing resistance to change
- Measuring Impact of FinTech Investments
- Measuring your wins
- Cost/Benefit analysis
- Burn Rate and Client Acquisition Cost (CAC)
- Probability of failure
- Taking corrective action