Fintech and Digital Transformation in Banking & Finance

Prepare for the rapidly changing world of fintech and digital banking

Learn about the new technologies in finance, familiarise with the common issues and pursue your own ideas and solutions.

Due to current safe management measures, all classes may be virtual only.

Accredited by IBF

This course is accredited under IBF Standards Training Scheme.

  • Up to 90% IBF funding subsidies available for training programmes commencing between 30 June 2022 and 31 December 2022.
  • Up to 70% for training programmes commencing 1 January 2023 onwards.
  • Terms and conditions apply. Please visit our IBF STS programme page for full details.

Supported by Skillsfuture Credits

SkillsFuture Credit can be used on top of existing government course subsidies to pay for a wide range of approved skills-related courses. Visit our SkillsFuture Credit page for more info.

Supported by UTAP

NTUC members can use the Union Training Assistance Programme (UTAP) to partially cover the cost of their training. Visit our UTAP page for more info.

Introduction

Course duration: 3 days, 9am – 5pm

An instructor-led classroom training relevant for participants who want a solid foundation in the rapidly changing world of fintech and digital banking. FinTech, short for financial technology, refers to an emerging financial services sector that is fast becoming indispensable to financial institutions and is constantly impacting the way we view and use financial products and services.

This three-day course aims to provide participants with a solid foundation in the rapidly changing world of fintech and digital banking. FinTech, short for financial technology, refers to an emerging financial services sector that is fast becoming indispensable to financial institutions and is constantly impacting the way we view and execute financial transactions. This course will be pivotal in helping participants grasp the basics of fintech, navigate the mechanisms that facilitate it and comprehend the inevitably complex issues and intricacies that it brings.

Benefits of the workshop are:
• Understand the technologies that are impacting the economy, especially banking
• Theoretical understanding of artificial intelligence (AI), the blockchain and Internet of Things (IoT) within FinTech
• Broad applications grasp of technical/process solution to existing pain points
• Develop business use case to develop/improve a new/existing product
• Develop a competitive corporate strategy through innovative thinking
• Significantly reduce business costs and improve efficiencies

Digital Disruption and the Fintech Landscape
• Overview of the changes happening in finance
• Why is finance being transformed today?
• Examples of the latest fintech innovations
• Categories of FinTech Different

Types of Disruption
• The importance of technology in finance
• How it impacts finance
• How digital disruption will shrink the role of banks
• Getting a grip on the Mobile Revolution
• Artificial Intelligence (AI)
• Big Data Analytics
• Internet of Things (IoT)

Artificial Intelligence Systems
• Collecting data on user behavior and systems around us
• AI Agents and Decision Theory
• Predictive analytics
• Categorization of Information
• Deep Learning and Neural Networks
• Integration of internet-enabled devices

Blockchain-based Applications
• Blockchain as Currency
• Blockchain as Public Registries
• Blockchain as Clearing and Settlement of Transactions
• Blockchain as Smart Contracts

Finance Use Cases of Technology
• e-KYC and Onboarding Customers
• Fraud Detection and Prevention
• Tokenized Payment Systems

AI-Driven and Blockchain-based Financial Applications
• Asset & Wealth Management
• Bond Issuance
• Capital Markets
• Financial Risk Management

Limitations of Digital Technology
• Business Challenges
• Governments and Regulatory Challenges
• Privacy Challenges
• New Technological Risks
• Cybersecurity Challenges

On completion of this course, the following learning outcomes will be achieved:

  • Understand and Apply AI, Blockchain and IoT Concepts in FinTech
  • Analyze information to clearly overcome problems in banking
  • Understand and Apply Use Cases to generate new ideas and solutions
  • Understand the trends towards digital disruption and innovation
  • Think progressively and pursue digital transformation
  • Create a plan for implementing, evaluating and following up on ideas

The target audience for this course and qualification are:

  • Individuals interested in the current disruptive trends and keeping abreast of technology shifts and their specific use cases
  • Banks, corporations and financial institutions to enable them to remain competitive through understanding innovative new technology that is disrupting every sector of the economy
  • Directors, Economists, Program Managers, Finance Professionals, Technologists

IBF ASSESSMENT FORMAT

  • 20 Multiple Choice Questions
  • 1 mark per correct answer
  • 13 marks required to pass (out of 20 available) – 65%
  • One hour duration
  • Closed-book

There are no prerequisites to attending the Fintech & Digital Transformation in Banking course.

Complimentary refresher

Participants can attend a complimentary refresher if they wish

Trainer profile

Hazik Mohamed (PhD, MSc. Finance, BSc. Engineering)

Hazik began his career in engineering where he devoted 10 years building significant experience in problem-solving, strategy and operational leadership. He then spent the next 14 years building start-ups and developed adept skills at building businesses, where he has helped countless MSMEs and consulted for regional/international organizations on various business-related issues. As a subject matter expert, he has supported many initiatives through AI-driven solutions, Big Data analytics, financial reporting, project management and coordination of workstreams.

His past major corporate clients include ASEAN Secretariat, national financial offices, and the UNCDF where he was engaged as an external consultant for several projects.

Dr Hazik is well-versed in both conventional and Islamic economic and banking/financial systems, but this course will focus on the conventional banking/financial digital transformation approaches within the Singaporean and global markets.

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