Data as a Driver for Modern Finance Ecosystems
Roger Fehr, Head of Data Management & Analytics, Swisscom (Schweiz) AG
This SFI Master Class is offered in cooperation with the Geneva Financial Center (GFC).
Financial institutions worldwide are spending billions of dollars in an effort to understand how to harness the power of data, rethinking their technology strategies and integrating data into their operations. They are rapidly evolving into data-driven businesses, and increasingly rely on data at all levels regarding both decisions and products. The COVID-19 pandemic has accelerated this digital transformation. Financial institutions must decide what kind of data to use, and how to access and organize it and deal with data ownership and sharing (open banking). These trends are profoundly changing interactions between financial actors, and creating new ecosystems centered around data. An in-depth understanding of these ecosystems and the opportunities they offer is an essential success factor, and an indispensable prerequisite for professional development.
Objective
Building on academic and industry expertise, this Master Class provides insights into the technological transformation of financial institutions and their rapid transition to being data-driven businesses. Attendees will discuss current applications and developments and assess new opportunities and implementation challenges. The specific objectives are:
- Understand the fundamentals and prerequisites of a successful data-driven business.
- Familiarity with the logic and the process of turning mere data into valuable insights.
- Gain insights into questions related to data access and open banking.
- Familiarity with API-based ecosystems and how to transition to agile core banking systems.
- Explore current market trends and the new data-centered finance ecosystems.
The format will be a combination of lectures, discussions, and group work.
Target Audience
This Master's class is aimed at professionals in the financial industry who wish to deepen their understanding of new trends in financial technology (data and tools).
SAQ Recertification
This Master Class is an acknowledged SAQ recertification measure for the CWMA, CCoB, Affluent-, SME-, and Individual Client Advisor profile and comprises four learning hours.