- Knowledge of the finance sector
- An interest or mandate to investigate new technologies applicable to the finance sector
Audience
- Strategists within the finance industry
- Technologists within the finance industry
- Stakeholders within finance organization
- Consultants and business analysts
- Insurers
- Technologists within the insurance industry
- Insurance stakeholders
- Consultants and business analysts
Fintech refers to the convergence of finance + new technologies.
In this instructor-led, live training, participants will gain an understanding of the technologies, methods and mindset needed to implement a Fintech strategy.
This training is aimed at managers who need to gain a "big picture" understanding of Fintech, break down the hype and jargon, and take tangible first steps towards the adoption of new technologies applicable to financial business and services.
By the end of this training, participants will be able to
- Present viable Fintech strategies for their organization.
- Understand and explain the role and functionality of key technologies.
- Draft an action plan for introducing new technologies in step-by-step fashion.
Format of the course
- Part lecture, part discussion, exercises and case study group activities
Insurtech (a.k.a Digital Insurance) refers to the convergence of insurance + new technologies. In the field of Insurtech "digital insurers" apply technology innovations to their business and operating models in order to reduce costs, improve the customer experience and enhance the agility of their operations.
In this instructor-led training, participants will gain an understanding of the technologies, methods and mindset needed to bring about a digital transformation within their organizations and in the industry at large. The training is aimed at managers who need to gain a big picture understanding, break down the hype and jargon, and take the first steps in establishing an Insurtech strategy.
By the end of this training, participants will be able to:
- Discuss Insurtech and all its component parts intelligently and systematically
- Identify and demystify the role of each key technology within Insurtech.
- Draft a general strategy for implementing Insurtech within their organization
Introduction to Fintech
- Fintech industry impact
- Winners and losers
Sector Overview
- Initial Coin Offerings (ICOs)
- Financial advisory
- P2P lending
- Social credit and financialization of the economy
Industry Case Study
Where Are You on the Fintech Scale?
Mapping out A Business Strategy
Conducting A Readiness Assessment of Your Organization
Key Technical Innovations Applied to the Finance Sector
- Blockchain, AI, Security
Mapping out A Technology Strategy
Blockchain: Putting the "Digital Ledger" to Work for Your Organization
- Demystifying the Blockchain.
- Lessons from Bitcoin
- Implementing a Blockchain strategy
- Building the team
- Mapping your transactions to the blockchain
AI: Introduction to Artificial Intelligence
- Machine learning, natural language processing (text and speech), computer vision and robotics
- Tapping into available resources
- Social media APIs
- Building a trading bot
Online Security: Security for Finance
- Revisiting traditional definitions of cyber-security
- Implementing a compliance plan and training the organization's business leaders
- Building the team
Ethical Implications and Privacy
- Chinese, European, and American approaches to privacy
- Anti-laundering laws and their implications
- Corporate social responsibility in an era of extreme transparency
Bringing It All Together
- No need for "one-size-fits-all" and no need for "all-or-nothing"
- A step-by-step approach
Team Communication and Managerial Buy-in
- Conversations with managers and leaders
- Conversations with engineers and data scientists
Introduction to Insurtech
- Impact on the industry
- Winners and losers
Assessing the current state of your company
Technical innovations applied to the insurance sector
- Big Data, Blockchain, AI, Robotics, IoT, JIT, Security
Mapping your company's current state and determining where you should be six months from now
Case study and exercise:
- Carrying out a readiness assessment
Big Data: putting your biggest asset to work
- Basic concepts and applications
- Implementing a Big Data strategy
- Building the team
- Leveraging your assets and building from there
Blockchain: putting the digital ledger to work for your organization
- Demystifying the Blockchain
- Lessons from the financial sector
- Implementing a Blockchain strategy
- Building the team
- Mapping your transactions to the blockchain
AI: Introduction to artificial intelligence
- Machine learning, natural language processing (text and speech), computer vision and robotics
- The role of corporate and open source contributions to AI research and development
- Tapping into available resources
Robotics and automation: hiring robots to work for you
- Automation vs Robotic Process Automation (RPA)
- Implementing an RPA strategy
- Outsourcing vs building
IoT: Creating new business models based on IoT-enabled platforms and ecosystems
- Five ways IoT will transform the insurance industry
- Remodeling insurance policies to reflect the health and state of people and things
- Building the team
JIT: Putting Just-In-Time marketing to work in insurance
- JIT lessons from the manufacturing to creative services sector
- Implementing the processes and tools for JIT
- Building the team
Online security: security for insurance
- Revisiting traditional definitions of cyber-security
- Implementing a compliance plan and training the business leaders
- Building the team
Bringing it all together
- No "one-size-fits-all" and no "all-or-nothing"
- Taking the first step
Communicating hard things
- Conversations with managers and leaders
- Conversations with techies and data crunchers