Description
Digitalization is rolling over all major banking segments as a plethora of ground-breaking new technologies unfolds at roughly the same time – from blockchain to AI. Four forces are shaping digital banking: New and accelerated technological advances, rapidly changing customer demands, harsher regulation, and altered supplier-relationships.
New, often lower-cost, competitors proliferate and novel business models change the way banks must make money. Incumbents that don’t act in due time and do not leverage the promise of efficiency gains and new offerings will perish. Hyper-connectivity, platform economics, and new lifestyles make societies rethink money and they also change the way companies compete. In this course participants get the tools to navigate the ongoing disruption of financial services.
The technology behind cryptocurrencies is truly game-changing, not just for money transactions. From energy production to human identities – algorithmic trust is set to unleash large-scale disruption unseen since the rise of the internet. And the finance industry is at the epicentre. The very nature of money, assets, and all kind of value will be radically transformed. But what does it mean for your business?
As banks are wrestling to implement blockchain applications to improve back-end processes, they must not lose sight of the game-changing potential of the technology. But the change will be different than what doomsayers predict. Even if the technology’s final form has not yet materialized, management theory can be a powerful compass to predict where the market is going. In this module you will learn what banks are doing and what they should be doing about blockchain
+ 44 (0)20 7779 8543
Email
