Succeed in the future of banking
Learn what is taking finance by storm: Embedded Finance
The Open Banking and Platforms in Finance Specialisation will provide you with exclusive insights into the cut and thrust of Open Banking and Embedded Finance: what it truly is, who are the winners and losers, and what are the implications for the society.
Europe is experiencing a challenger bank race as these disruptive Fintechs are gaining popularity amongst customers. This is because Embedded Finance has allowed for small players to provide big and new data-driven platform services that are completely customer-centric.
The last company that focused on data-driven platform and customer satisfaction became the giant tech conglomerate that killed its competition in Asia: Ant Financial. In this Specialisation, you’ll be able to use the dominant strategies to build your own market-moving Fintech business model in Open Banking.
What is Open Banking?
Open Banking is a movement which provides third-party financial service providers open access to consumers’ data around their financial transactions. An example of a third-party provider would be budgeting apps.
In short, the initiative can be divided into two different standpoints: one is ‘regulatory’ and the other is ‘market driven’.
Examples of the regulatory approach is the European Union’s PSD2 (The Revised Payments Services Directive) or UK’s Open Banking. Regulatory bodies in these countries set up frameworks in order to promote healthy competition and innovation in the financial industry.
Market-driven initiatives are more popular in Asian countries such as Singapore, India, Japan and South Korea. This movement focuses on collaboration and is predominantly driven by market players.
This specialisation is taught by unicorn builders. disruptive entrepreneurs. Fortune500 Leaders. technology experts. innovators.
With this Open Banking Specialisation, you will:
- Explore the business model that made Amazon a global superpower: the platform ecosystem
- Understand the roles of third-party providers within the Open Banking ecosystem
- Analyse the API business model in the Open Banking and Embedded Finance revolution
- Appreciate the opportunities that international data standards can provide and how you can benefit from them
Specialisation Curriculum
This specialisation is composed of 5 individual courses.
An industry overview of Open Banking
Business Models and Implementation of New Entrants
Regulations, Standards and Operational Risks
Business Models and Transformation of Incumbents
Technology and Security
Designed for your learning goals
On Demand
Enrol and Start Immediately.
Finish in 5 weeks
Allocate 4 hours per week.
Shareable certificate
Let your professional network know about your new skills and find more career opportunities.
What our Alumni say about the specialisation
Why learn at CFTE?
Online & Self-paced
Learn whenever. Learn wherever. Your learning track is flexible to your goals.
Global View
Our courses offers a 360 view on the topic, focused on what matters.
Expert-led
Our courses are curated by 200+ finance experts who know what skills you must learn.
Learn about Open Banking and stay ahead of the curve
A specialisation designed for the industry, by the industry.
One-time payment of £600 | 3 instalments of £200
FAQ
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 operates. 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 established financial institutions who are looking to maintain and expand the influence of their business in the new financial ecosystems
- Those working in Risk, Compliance, Legal, or Operations and want to be the leaders in the knowledge of how Open Banking may affect regulations and benefit their team
- Those working as 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 technology firms who would like to know how and where it 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 individuals who are 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 and a welcome message. At that point, you will have access to the introductory module that will give you an overview of the portal, and how to use it. You can 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 the 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.
We offer flexible payment options in either in full, in 3 or 4-month instalments. We accept all major credit cards and debit cards.
