Digitalization of Banking & Finance

The global financial services industry is being disrupted by emerging startups which are backed by venture capital and are aiming to tackle the mounting challenges in traditional financial services. The course provides

1) an in-depth overview of the fintech landscape, 2) analyzes business cases from personal finance management, customer identification, and robo-advisory, 3) discusses the opportunities from open banking and PSD2 and 4) outlines innovation strategies and digital transformation journeys of traditional financial institutions. The content is delivered through pre-readings, class-room presentations, case studies and presentations from key figures from the Fintech-scene.

Learning objectives

Upon completion of this course, you will be able to:

  • Be able to evaluate the quality of new business models and digital value drivers
  • Apply the digital economics toolbox to industry challenges and develop use cases
  • Get familiar with the Fintech scene and the founder mindset through personal interactions

Key concepts

  • Business models
  • Open innovation
  • Platform economics
  • Lean Startup

Course format

This course is offered in the part-time Master in Finance program and may be attended on a “no-credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam. As the number of seats in the course is limited, we recommend to register online early.

Dr. Sebastian Schäfer is CEO of TechQuartier, an innovation platform and Germany’s official Fintech Hub (de:hub) based in Frankfurt am Main. TechQuartier offers access to a large network of industry partners, acceleration programs, startup community activities, and coworking facilities across the city.

Prior to that he was the managing director of Goethe University’s business incubator and co-founded Pitch Club, a Frankfurt-based HR-Tech startup and community builder. Additionally, Sebastian teaches entrepreneurship at Goethe Business School, and is member of the Center for Leadership and Behavior in Organizations (CLBO) and the Frankfurt Laboratory of Experimental Economics (FLEX). After studying economics and Japanese Studies at the University of Tübingen and the Chuo University in Tokyo, he received his doctorate in behavioral economics between 2008-2013 at Goethe University. Sebastian Schäfer is also active as public speaker, an advisor and partner in various companies and as a juror in startup competitions.

Key Facts

Course materials
Course materials will be provided in electronic form.

Course language

Course fee*
€ 950 (fee is exempt from VAT). The fee for GBS students and alumni amounts to 400 €.

Certificate of participation
A Goethe Business School certificate of participation is awarded upon completion of the course.

Partially online via Zoom and Campus Westend of Goethe University Frankfurt.

*Withdrawal and fee refund

In case the course withdrawal request is received two weeks prior to the start of classes, GBS will retain a withdrawal fee of € 50. In case the course withdrawal request is received less than two weeks prior to the start of classes, GBS will retain 50% of the payment made.

Course Schedule

Fri., June 11, 202118:00-20:00
Sat., June 12, 202109:00-11:00 11:30-13:30
Fri., July 9, 202118:00-20:00
Sat., July 10, 202114:30-16:30
Fri., July 16, 202118:00-20:00



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