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Innovation Strategy: Developing Your Fintech strategy

Approx. 11 hours to complete

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Course Summary

This course explores the intersection of innovation, strategy and fintech. Students will learn how to leverage technology to create disruptive financial products and services.

Key Learning Points

Understand the impact of fintech on traditional financial services
Learn how to identify and prioritize innovation opportunities
Develop a strategy for implementing fintech innovations

Learning Outcomes

Develop a deep understanding of the fintech landscape
Identify and prioritize innovation opportunities
Develop a strategy for implementing fintech innovations

Prerequisites or good to have knowledge before taking this course

Basic understanding of financial services
Familiarity with emerging technologies

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced

Similar Courses

Financial Technology and Innovation
Fintech Foundations and Overview

Related Education Paths

Notable People in This Field

Chris Skinner
Brett King

Related Books

Description

Welcome to Innovation strategy: Developing your Fintech Strategy! As you probably know, this is the third course in a three-part specialization focused on the digital transformation of finance.

In this course, we'll aim to bring you insights about how business strategy intersects with innovation in finance. I'm excited to have you in the class and look forward to helping you learn more about this important topic. To begin, I recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click Course Content to see what material we’ll cover each week, as well preview the assignments you’ll need to complete to pass the course. Click Discussions to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the Meet and Greet forum! This course should take about four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments you’ll complete each week. By the time you finish this course, you’ll have understood the job your Fintech innovation strategy should solve and mastered both internal and external innovation tools to solve the problem. You will also have been exposed to how some of the world’s leading financial companies work with innovation and seen inspirational examples from the digital masters, such as Google, Apple and Amazon. You'll be introduced to the Capstone Project for the specialization and have a chance to form some preliminary solutions for a financial company that needs to re-think its Fintech innovation strategy. The course has a primary focus on the banking sector, with insurance as a secondary area of concern. Most examples are rooted in the North American and European financial markets. Good luck as you get started. I look forward to seeing you in class!

Outline

Innovation Strategy: Developing your FinTech Strategy
Introduction to the course

Competing on technological innovation
Introduction to the module
Pulverizing finance
Danske Bank: Changing market
The Disruption of Finance
Spotting Disruption
Danske Bank: The Digital Transformation of Finance
Need for Speed: Hypercompetition
Position your Fintech Strategy
PSD2 - Changing the face Banking in Europe - and in the US
Clayton Christensen on Disruptive Innovation
Richard D'Aveni on Unsustainable Advantage
The unbundling of finance
Recapture 1
Recapture 2
Recapture 3
Recapture 4
Module assessment

Organizing for digital innovation
Introduction to the module
Innovation struggles
Danske Bank: Barriers to innovation
Moonshot factories
Danske Bank: Bold innovation
All-speed IT
Danske Bank: Working differently
Follow the digital trace
Who killed Nokia?
Google: The unexpected benefit of celebrating failure
Danske Bank: A critical look at June
Gartner: The myths about Bimodal
More about DevOps
More about Kaizen
Recapture 5
Recapture 6
Recapture 7
Recapture 8
Module assessment

Channeling the smarts of others
Introduction to the module
Tech acquisitions - The shortcut to innovation?
Danske Bank: Fintech acquisitions
Teaming up - The year of Fintech partnerships?
Danske Bank: Fintech partnerships
Accelerators - Cultivating your ecosystem
Hackathons - Seeding the innovation pipeline
Microsoft-Skype and the integration paradox
Deutsche Bank - Creating new opportunities through strategic alliance
Wells Fargo accelerator program
A practical guide to arranging hackathons
Recapture 9
Recapture 10
Recapture 11
Recapture 12
Module assessment

Capstone project
Danske Bank: The need for a FinTech strategy
Danske Bank: Leveraging regulation
Capstone project assignment
Danske Bank: State of business
Danske Bank: How to capitalize on digital disruption?

Summary of User Reviews

This course on innovation strategy in fintech has received positive reviews from learners. Many users found the course to be informative and practical, providing useful insights into the fintech industry and its trends.

Key Aspect Users Liked About This Course

The course was highly informative and practical, providing useful insights into the fintech industry and its trends.

Pros from User Reviews

The course was well-structured and easy to follow
The instructors provided engaging and relevant examples
The course content was up-to-date and relevant to current industry trends
The course assignments and quizzes were challenging but manageable

Cons from User Reviews

Some users found the course to be too basic and lacking in depth
The course may not be suitable for learners with no prior knowledge of fintech
Some users felt that the course was too focused on the US fintech industry, and may not be as relevant for learners in other regions
The course lacked interaction and engagement with other learners

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