Digital Banking and Digital Currencies (2235.YR.015115.1)

General information

Type:	OPT	Curs:	1	Period:	S semester
ECTS Credits:	3 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Year 1	Eloi Noya Espinazo	Operaciones, Innovación y Data Sciences	ENG

No prerrequisites required

in addition to class attendance, about 3 hours per week of pre- and post-session study, case preparation and group work are required.

The banking and insurance industries have been changing dramatically during the process of digitalisation. We are witnessing the emergence of a new ecosystem of so-called fintechs that are re-shaping these industries and moving towards an economic knowledge and service base in which platforms, big data, artificial intelligence, the Internet of Things (IoT), mobile and blockchain - to name the most important technologies - are among the biggest challenges facing company leaders. There are three reasons for this: (1) national economies are becoming increasingly globalised and interdependent; (2) advances in digital platforms are pushing the boundaries of what is possible, creating new types of organisation in banking; and (3) new regulations such as the EU's PSD2 are deregulating mobile payments and facilitating openness in banking business models.
For banking leaders, it is essential to understand this new reality in order to compete and keep a competitive edge. How should they tackle this challenge? New banking models such as open banking, bank ecosystems, and new forms of collaborative exploration and discovery have begun to offer greater possibilities as technology applications have grown in sophistication. These developments make innovation management a paramount capability for leadership. Innovation can be cultivated from many sources. As technology evolves, it influences how ideas are nurtured and harvested as the banking industry evolves to new frontiers.

1. Understand the context: digitalization and disruption
2. Design criteria for Banking Digital Business models and Architectures
2.1. Strategy, Operational models and Technologies.
2.2. The impact of emergent technologies (Artificial Intelligence; Internet of things, Big Data
2.3. Understand the future of money (blockchain)
3. Understand the role of digital new entrants, big-techs and new ecosystems
3.1. Understand Fintech and Insurtech
3.2. Business Models and Economics
4. Managing digital transformation and Open Banking
5. Take into account regulation such as PSDS and Institutions (central banks)
6. Asset tokenisation and digital currencies

1. DIGITAL BANKING: UNDERSTANDING THE DISRUPTION - An introduction to digital banking and digital currencies - Banking platforms: understanding the disruption - Banking as a Platform. Case Discussion and business model design - Fintechs and new business models

2. BANKING TRANSFORMATION - Banking transformation: future architectures and business models - Future Banking Ecosystems - Challenger Banks disruption - Open Banking paradigm

3. DIGITAL MONEY ECOSYSTEMS - Money, digital money, bitcoin and cryptocurrencies - Asset tokenization - NFTs and metaverses - Decentralized Finance

4. CHALLENGE PRESENTATION AND THE FUTURE OF BANKING

We will divide the course into two parts. In the first part we will use a mix of readings, case studies and invite speakers. Careful reading, thoughtful analysis and enthusiastic involvement will enhance your learning as well as that of your peers.

The second part (2-3 last sessions) will be based on solving a challenge.

Group	Teacher	Department
Year 1	Eloi Noya Espinazo	Operaciones, Innovación y Data Sciences