FinTech is disrupting every banking sector at an increasing rate. USD 60bn has been invested globally in FinTech since 2010, almost equivalent the amount invested by banks in innovation in the same period.
New FinTech companies continue to swell the ranks of the 14,000 registered to date including 80 ‘unicorns’ valued at USD 1bn and over. Tech giants Facebook, Amazon, Apple, Google, Alibaba, TenCent and Baidu continually explore capital intensive opportunities to offer banking and payment services to consumers.
This programme analyses leading global FinTech operations, their capital efficiencies, customer acquisition and retention methodologies. Strategies are developed for leaders to keep pace with FinTech innovations in Blockchain, Artificial Intelligence (AI), Machine Learning Robo Advisory, RegTech and Augmented Reality (AR).
Focus is maintained on appreciating opportunities and risk in FinTech 'rapid iteration' methodologies. Banks' engagement with regulators on the development of regulatory compliance ‘sandbox’ environments in multiple jurisdictions is also covered. Global innovations are reviewed in the context of legislation including PSD2, MFiD II and Open Banking API standards.
Banking leaders are prepared to leverage their banks’ trusted status and lead the innovation agenda in to a future increasingly defined by technological advantage, fully anticipating the rise of the FinTech ‘embedded bank 4.0’.