The course proceeds from the current state of financial services in Europe and US and the key technological trends that hold the promise of massively changing the industry. We will discuss future scenarios for the industry with a special focus on new entrants (FinTechs) and emerging business models. The course is rounded off by sketching out possible transformation strategies of established Financial Services (FS) players.
The teaching format is a blend of lectures, case studies, group-based startup-building exercises and expert guest presentations from Fintech founders.
Upon completion of this course, students will be able to:
- Understand how digitalization and emerging technologies might affect banking and financial services
- Gain an overview on the main Fintech (data-driven) business models (B2C / B2B) and their value drivers.
- Create own / analyze extant Fintech business models (Fintech Garage)
- Understand how established FIs can engage in external innovation activities and drive digital transformation