Masterclass Open Banking

8 June 2018: Masterclass Open Banking

Want to know how to identify the right challenges and opportunities of open banking? Interested to learn about regulatory changes and the potential strategic implications? Join us during our interactive masterclass on open banking.

 

What: Interactive Masterclass on Open Banking
When: Friday June 8th, from 09:30 until 17:00 + networking drinks.
Where: Vrije Universiteit Amsterdam, Main Building.
Price: early bird – € 495,00 (until May 8th) / regular price – € 795,00.
Are you part of a Fintech startup? Contact us at kincenter.sbe@vu.nl for the possibilities.
Sign up:Here!

 

Open banking opens up a whole new window of opportunities: Banks and smaller Fintech companies alike are challenged to develop new ways of creating value for their customers and develop new types of relationships with their customers. It requires cultural changes in the organization and letting go of existing business models to transition into the unknown. It also brings up new concerns, for instance, who is reliable when issues arise with a financial product?

 

In this workshop we will prepare you to take the lead in this transition towards open banking. We will go beyond the common industry knowledge and delve into the challenges around platform and innovation ecosystems origination and development to identify the issues as well as opportunities in this new banking paradigm. In addition, we will explore the strategic responses in this new competitive landscape.

 

Markos Zachariadis, Associate Professor of Information Systems at Warwick Business School and Research Fellow at the Cambridge Centre for Digital Innovation (University of Cambridge), knows all about FinTech as his research sits at the cross section of economics of digital innovation, financial technology studies, and network economics, and he has studied extensively the economic impact of ICT adoption on bank performance, the diffusion of payment networks, and the role of data & standards in payment infrastructures (SWIFT) and financial markets (LEI) among other things.

 

Hans Berends, Professor of Innovation & Organization here at the KIN Center for Digital Innovation, knows all about innovation as his research focuses on digital innovation, the emergence and development of new business models, the role and complexities of platforms and ecosystems, and the different ways in which organizations want to organize for new, radical and disruptive innovations.

 

Participate in this workshop to:

  • Learn what open banking is and what is its potential impact on the architecture and future of the banking sector. What is the role of platforms, open APIs, and fintech ecosystems in that context?
  • Understand the regulatory challenges posed by open banking
  • Understand the strategic implications of open banking for your business: what are the new and emerging business models? What are the opportunities and threats?
  • Get into action and go home with concrete ideas on how your organization can lead the transition towards open banking.
  • Expand your network by connecting with financial professionals interested in FinTech

 

 

Who should participate?

  • Managers in the financial sector who need to understand the challenges and opportunities that open banking provide;
  • Entrepreneurs or emerging growth companies in Fintech.
  • IT-managers or IT and management consultants seeking to understand the business applications of open banking.
  • Accountants, controllers, and financial advisors who need to know the digital developments and technologies in order to be a good advisor to clients or to management

 

Program:

09:00 – 09:30Walk-in / Coffee
09:30 – 11:00Getting to know each-other & Introduction on Open Data & Platforms
11:00 – 11:30Regulatory frameworks in the UK and EU around Open Banking and their underlying logic.
11:30- 12:00Group discussion on opportunities / threats
12:00 – 13:00Lunch
13:00 – 14:00What can we learn from ecosystems research in other sectors?
14:00- 15:00The future of banking: Business models and strategic implications of open banking
15:00 – 16:00Getting to work: Business model innovation
16:00 – 16:45Learning from the field: Case study / Panel Discussion
16:45 – 17:15Wrap up 
17:15 – 19:00Drinks/ networking

 

Date & Pricing:

When: Friday June 8th, from 09:30 until 17:00 + networking drinks.
Where: Vrije Universiteit Amsterdam, Main Building.
Price: early bird – € 495,00 (until May 8th) / regular price – € 795,00.
Are you part of a Fintech startup? Contact us at kincenter.sbe@vu.nl for the possibilities.
Sign up:Here!