This two-day training provides you a comprehensive overview of the opportunities and threats the rise of thousands of innovative financial startups pose:
"They all want to eat our lunch!"
- said famously Jamie Dimon the chairman, president and CEO of JP Morgan about FinTech startups.
1. But who are they?
In the first part of this training we will discuss who the lunch-eaters are. We will discuss that FinTech is really a new phenomenon that is fundamentally different from the previous 4 000 years of banking. We will uncover the forces moving this revolution ahead and we will identify the geographic hotspots of FinTech activities.
2. Which areas of banking do they cover?
In the second part of this training we will discuss the over 30 areas of FinTech and we will learn about the taxonomy of these areas.
3. How do major global banks react?
In the third part of the training we will take a look at HSBC, Citi, Santander and others to show how these major institutions are reacting to FinTech. We will learn about cooperative-competitive techniques and take a specific look at innovation labs and dedicated FinTech VC arms run by major banks.
4. How strong is the FinTech community?
In the fourth part of the training we will learn about the FinTech community: incubators, bootcamps, accelerators, co-working, and location-independence.
5. What are the most successful FinTech companies?
In the fifth part of the training we will explore the valuation of FinTech companies and take a look at some of the most successful ones out of the total of almost 5 000 such companies worldwide.
6. What are the risks faced and posed by FinTech companies?
In the sixth part of the training we will analyze risks and discuss why FinTech companies are thought to be so much more successful in innovation than banks.
7. Who are their clients?
Finally, in the seventh part of this training we will learn about the financial needs of the Millennials, how it differs from the needs of their parents. We will discuss opportunities and threats posed by this new generation of clients. We will also take a look at "omnichannel" banking and how it differs from the "multichannel" approach being popular earlier.