Big Banks’ Digital-Gold Rush
Learn financial incumbents' strategies and stay competitive in a transforming finance
Business Models and Transformation of Incumbents is the first course of the Open Banking & Platforms Finance Specialization – CFTE’s programme designed for finance professionals to get a comprehensive understanding of the dominating force of the platform-as-a-business-model in finance.
Big Banks are worried about being left behind in this digital-gold rush. So they are picking up the pace. If you want to learn how incumbent banks that have existed for half a century are trying to buy in on this digital-gold fever, then we will be the supply to your demand for insights. Enrol now.
With this course, you'll:
This course is taught by senior leaders. CIOs. Fortune500 Leaders. OpenBanking experts.
Group Chief Innovation Officer
Head of Open Banking
Senior Lecturer Secil Watson from Wells Fargo teaches you about the way Open Banking’s inception was timed, along with future risks and regulatory challenges, followed by MasterCard’s Executive VP Liz Oakes’ insights into intermediation, data protection, and Open Banking strategies.
Senior Lecturer Secil Watson from Wells Fargo teaches you the process and frameworks behind Big Banks’ Open Banking strategies, followed by SocGen CIO Claire Calmejane’s insight into integrating new parts of Open Banking into the customer value chain.
Senior Lecturer Secil Watson from Wells Fargo teaches you about best Open Banking applications that are providing value to Big Banks, followed by DBS Head of Open Banking Jitendra Tekchandni’s insight into how understanding the customer, their behaviour and journey is key to Open Banking.
Designed for your learning goals
What our Alumni say about the course
Why learn at CFTE?
Enrol today and future-proof your career in finance
A course designed for the industry, taught by experts from the industry.
One-time payment of £150 | 3 instalments of £50
Get a 360 view on Open Banking
Open Banking and Platforms in Finance Specialisation
This course is part of the Open Banking & Platforms in Finance Specialisation – a program designed for you to equip yourself with the necessary knowledge and prepare for the next era of banking. With lowered barriers to data, a wave of innovative startups are closing in on this open banking opportunity. Discover the full Open Banking & Platforms Specialisation so you can.
Most frequent questions and answers about our specialisation
The global Open banking market is forecasted to reach $43.15 billion by 2026. With deal sizes expected to grow exponentially – Visa has acquired Fintech Plaid for $5.3 billion; organisations like DBS, Société Générale and Wells Fargo also consider Open banking to be a strategic pillar in their business model. Open banking is here, and it will fundamentally transform how the Financial Services industry operate. Demanded by consumers, encouraged by regulators and powered by technologies – the structural uptake on Open banking drives many organisations to a profound era of digital ecosystems and platform business models. This shift creates a significant tension on today’s Financial Service value chain with the emergence of innovative business models, new regulatory frameworks and modern technologies to support it.
Anyone who wants to have a solid understanding of the Open Banking and Platforms model. It is designed for: – Senior managers of an established financial institution who is looking to maintain and expand the influence of your business in the new financial ecosystems – Those working in Risk, Compliance, Legal, or Operations and want to be the leader in the knowledge of how Open Banking may affect regulations and benefit your team – Those working as a part of a product team who would like to know which kind of products are enabled by Open Banking and how they can be managed – Aspiring entrepreneurs or leaders of a technology firm, and would like to know how and where is best to enter the financial industry in the era of Open Banking – Regulators who are looking to learn about the key areas in the business of new entrants and incumbent banks which other regulators have focused on – Recent graduates, current students, or an individual who is eager to develop a strong grounding in the new data-driven age which has begun to reshape the construct, culture, and required skills of the finance industry
You will be learning from a curated line-up of industry leaders, experts, and entrepreneurs who will each be presenting their knowledge and experience in Open Banking. No matter if you are embarking on a new journey or fortifying your role, these lecturers and guest experts will guide you through the perspective of established institutions like Wells Fargo, tech giants like Google, and successful startups such as Open Vector or Plaid.
After you enroll, you will receive a confirmation email from my.CFTE, the online learning portal. You will also receive a receipt as well as a welcome message to The Open Banking Specialisation. At that point, you will have access to the introductory module that will give you an overview of the portal, and the way to use it. You could for example spend a whole day to go through the course. Or 30 minutes whenever you have the time, and complete the course in a few months. Once you have completed the course, and successfully passed all the tests, you will receive a Certificate of Completion.
There are no strict pre-requisites for taking the course. This course is largely non-technical to learn the business aspects of Open Banking. This course aims to provide anyone interested in Open Banking (in its wider definition) with a general overview of the opportunities and challenges in Open Banking implementations. The following would be helpful: A general interest in finance, and a basic understanding of what is a bank An interest in digital transformation and innovation
The Open Banking Specialisation has been designed to help a majority of people start with the right foundations in Open Banking and digital finance. With this objective in mind, The Open Banking Specialisation will provide you with a clear understanding of how technology is impacting Finance through an accessible format. At CFTE, we believe there is an urgent need for all to learn the right skills for a world of digital finance, and we support all initiatives that are supporting the same goal.
Yes, you will receive a digital certificate upon successful completion of the course. This certificate is digital so it can be shared at any time and embedded into your online professional profile.