Di­git­al­iz­a­tion of Fin­ance

Course content

Digital technologies fundamentally transform how organizations create value from business activities, processes, products, and services. The financial sector is no exception it is one of the most digitalized industries. Interestingly, the financial sector was one of the most stable and conservative industries but now faces dramatic changes. This course focuses on the new digital reality that the financial industry faces, including the thousands of FinTech startups that are challenging the stability of the industry, the Internet giants like Apple, Google, Amazon, and Alibaba that are rushing to claim a piece of the pie, the new technologies that fundamentally transform banking processes, and the regulatory changes that force the industry to open up. All these changes must be understood to ensure a prosperous and healthy financial sector.

This course will focus on how digital technologies are changing the finance competition rules. Instead of competing on the scale and fortified business positions, competition is turning to the speed and novelty of digital innovations. Instead of competing only as individual firms, companies compete in ecosystems and through digital platforms. So, in this course, we cover how digitalization transforms competition rules. We will discuss the role of FinTech that carries this transformation and how companies in the financial service must develop the means to compete on digital innovation. Furthermore, this course will also revisit the basics of financial industries, namely money and payments.