Open, Digital And Future Banking : An In-Depth Analysis

How a digital bank thinks, act and innovate : Cases from inside

What you’ll learn

How a digital bank thinks, act and innovate
What is open banking
Case Study on DBS (How it became The best bank in the world)
Why is digital banking the need of the hour?
The roadmap to digitalization
Providing a robust digital core (IT infrastructure layers, Banking as a Service, Banking as a Platform, Cloud-based infrastructure, and White label banking.
Ease of banking for customers and employees (CRM and its benefits, use of API banking and its categories, and detailed insight into omnichannel modules
Security aspects of digitalization (data analytics, credit monitoring, early warning signals, machine learning, and
AI: Moody’s Analytics, Artificial Neural network, Random forest, Boosting, and Cloud security.
The Future of banking . Decentralized Finance (DeFi) . Blockchain technology . Central Bank Digital Currency (CBDC)
Requirements

Prior Knowledge of basic banking would be helpful but optional. We will start with the basic concept.

Description
Open, digital, and future bankingYou might be familiar with the term Open banking; if not, to keep it short, it is a financial services term that describes the use of application programming interfaces (APIs) to provide access to banking data and services.Open banking is often seen as a way to increase competition in the banking sector by giving consumers and businesses more choices in how they access and use banking services. It can also provide a way for new participants in the banking sector to develop innovative products and services. As new Fintech companies are emerging, it is not far from the traditional banking sector that will eventually transform into new ways of banking.As new innovative products and services are being developed and the banking sector is in a transitional phase, it has brought excellent opportunities for banking aspirants to opt for a career in this segment. There are many reasons why students should opt for a career in open banking. First and foremost, it offers students the opportunity to gain valuable experience in the financial industry. In addition, it also provides students with the chance to work with cutting-edge technology and develop new skills.We have prepared a highly engaging course to allow students to study and understand the banking field through the lens of tech companies. The course will provide you with a detailed overview of the following:· What is open banking?· Case study on DBS (How it became The Best Bank in the World), which will include topics like:The reasons for its transformationDBS Balanced ScorecardDBS Strategic Initiatives· Why is digital banking the need of the hour?· The roadmap to digitalization, which includes topics onProviding a robust digital core (IT infrastructure layers, Banking as a Service, Banking as a Platform, Cloud-based infrastructure, and White label banking.Ease of banking for customers and employees (CRM and its benefits, use of API banking and its categories, and detailed insight into omnichannel modulesSecurity aspects of digitalization (data analytics, credit monitoring, early warning signals, machine learning, and AI: Moody’s Analytics, Artificial Neural network, Random forest, Boosting, and Cloud security.· The Future of bankingDecentralized Finance (DeFi)Blockchain technologyCentral Bank Digital Currency (CBDC)We hope that you find this course valuable and informative. Happy Learning!
Overview

Section 1: Introduction

Lecture 1 Open Banking: The digital transformation

Section 2: Introduction: DBS case study

Lecture 2 DBS case study :Part 1

Lecture 3 DBS case study :Part 2

Section 3: Beginning of the digital transformation

Lecture 4 Beginning of the digital transformation_The reasons

Lecture 5 DBS Balanced Scorecard

Section 4: DBS strategic initiatives

Lecture 6 DBS strategic initiatives_(I)To get digitalized to the core

Lecture 7 DBS strategic initiatives_(II)customer-centric

Lecture 8 DBS strategic initiatives(II)_Digital engagement

Lecture 9 8. DBS strategic initiatives(III)_To become a 22,000-person startup

Section 5: Why digital banking is the need of the hour

Lecture 10 Why digital banking is the need of the hour (Part 1)

Lecture 11 Why digital banking is the need of the hour (Part 2)

Section 6: The road map to digitalization

Lecture 12 The road map to digitalization: Robust digital core

Lecture 13 The four emerging forms of digital banking are_BaaS

Lecture 14 13. The four emerging forms of digital banking are_BaaP

Lecture 15 14. The four emerging forms of digital banking are_Cloud-based Infrastructure

Lecture 16 15. The four emerging forms of digital banking are_White label banking

Section 7: Ease of banking for customers and employee

Lecture 17 Ease of banking for customers and employee

Lecture 18 Benefits of CRM in the banking sector

Lecture 19 Use of API Banking

Lecture 20 Different categories of APIs

Section 8: Introduction to Omnichannel structure

Lecture 21 Introduction to Omnichannel structure

Lecture 22 1st Omnichannel module_Mobile banking

Lecture 23 2nd Omni channel module_Digital onboarding

Lecture 24 3rd Omni channel module is_Personal finance management

Lecture 25 4th Omni channel module is_Merchant portal

Lecture 26 5th Omni channel module is_Contact center banking

Lecture 27 6th Omni channel module is_Mobile wallet

Lecture 28 7th Omni channel module is_Chatbots

Section 9: Security

Lecture 29 Security_Data Analytics

Lecture 30 Security_Credit monitoring and early warning signals

Section 10: Use of machine learning and artificial intelligence

Lecture 31 Use of machine learning and artificial intelligence

Lecture 32 Machine learning techniques: Artificial neural network

Lecture 33 Machine learning techniques: Boosting

Section 11: Cloud Security

Lecture 34 Cloud Security

Section 12: Summary

Lecture 35 Summary

Lecture 36 The future of banking

Lecture 37 Blockchain technology used in banks

Section 13: Conclusion

Lecture 38 Conclusion

Beginners