Smart Banking: IoT and Embedded Finance Revolution

Why Choose Our Course for Smart Banking Training?

Choose our Smart Banking course for expert instruction, practical insights, and the latest industry trends, ensuring you stay ahead in the rapidly evolving landscape of IoT and embedded finance in banking.

Course Overview:

The "Smart Banking: IoT and Embedded Finance Revolution" course offers a deep dive into the transformative impact of IoT and embedded finance within the financial services sector. Over two days, participants will explore the core concepts of embedded finance, examining its benefits, challenges, and distinctions from traditional Banking-as-a-Service (BaaS). The course covers the evolving ecosystem, emphasizing the role of partnerships, value web dynamics, and strategic shifts for success. Participants will study real-world applications across payments, lending, insurance, and investments, while gaining insights into the regulatory landscape, technology infrastructure, and emerging trends. Featuring theoretical frameworks, practical case studies, and live project demonstrations, this course equips professionals with the skills to implement and manage embedded finance strategies, focusing on innovations driven by APIs, 5G, IoT, and AI, especially in the Asia-Pacific region.

What You'll Learn in Our Smart Banking Course?

Course Objectives:

• Define Embedded Finance: Articulate the concept of embedded finance, distinguish it from traditional banking models like BaaS, and understand its role in the digital transformation of the financial services industry.

• Analyze Ecosystem Dynamics: Evaluate the importance of partnerships, customer relationships, and the value web in the embedded finance ecosystem, and identify key stakeholders and distributors.

• Assess Business Models: Understand the unique characteristics of embedded finance business models and analyze how these models shift the traditional value chain, along with strategies for growth and innovation.

• Apply Embedded Finance Use Cases: Examine and apply embedded finance use cases across various industry verticals such as payments, lending, insurance, and investments, and understand different business journey examples (B2C, B2B, C2C, etc.).

• Develop Implementation Strategies: Identify and develop strategies for adopting and implementing embedded finance, including the role of third party providers and key components of an effective embedded finance strategy.

• Leverage Technology Infrastructure: Understand the role of technology, including APIs, IoT, 5G, cloud computing, and AI, in enabling and enhancing embedded finance, and navigate the maturity curve for IoT adoption in finance.

• Navigate Regulatory Challenges: Identify and address the regulatory and compliance issues associated with embedded finance, focusing on areas like customer protection, data governance, and accountability.

• Engage with Live Use Cases: Participate in live demonstrations of embedded finance implementations by leading companies, and critically assess their business impact and innovation potential.

• Implement Learned Concepts: Apply the knowledge gained to create actionable plans for implementing embedded finance solutions in their own organizations, driving growth and digital innovation.

Prerequisites:

• Basic understanding of banking operations and financial services.

• Familiarity with digital banking or fintech concepts is recommended.

Course Outline:

Module 1: The Framework and Foundational Understanding

• What is embedded finance?

• Benefits, challenges, and Drawbacks: Embedded finance

• Embedded finance vs BaaS

• Key concepts and an illustrative case study

Module 2: Ecosystems and Partnerships

• New importance of partners in banking

• Customer relationships and value web dynamics

• Embedded Finance Distributors

• Partnerships and collaboration Embedded Finance2

Module 3: The Value Paradigm, Business Models and Strategies

• The Value chain- What It Takes to Prosper in the New Value Chain

• How is embedded finance shifting the value web?

• Unique Characteristics of business models

• Seven business growth strategies

Module 4: Applications

• EmFi Use Cases

• Embedded finance across industry verticals: Payments, Lending, Insurance, Investments • B2C, B2B, B2B2C, B2B2B, C2C, G2G Journey examples

Module 5: Challenges, Adoption, and Implementation

• nKey Components of an Embedded Finance Strategy

• nImplementing an Embedded Finance Ecosystem

• nAdopting and Implementing EmFi with outsourced vendor - TPP POV

Module 6: Technology and Infrastructure

• APIs - the digital glue in the financial services sector

• 5G, IoT and Cloud Computing

• IOT - Navigating the Maturity Curve for IoT Adoption

• Artificial Intelligence

Module 7: Regulatory Landscape and Compliance Issues

• Four Thematic Areas of Regulatory Focus –

• Customers, 2. Resilience, 3. Data, 4. Governance & Accountability Module 8: Industry Trends and Future Directions

• IMPORTANT developments in the coming years: Embedded finance

• Effect on the financial services industry over the next 3-5 years

Module 9: Live Projects and Use Cases

• Embedded finance Use cases – Payments, lending, Insurance, Investments

Module 10: Mega Use Case - Oracle's Embedded Finance for Transaction Banking

Module 11: Mega Use Case - Embedded Finance Mega Innovators LIVE DEMO THEATER

• Starbucks - The BANK that sells coffee.

• Amazon - The E-commerce Giant primed in Financial Innovation,

• Uber - Fuelling driver loyalty with financial service.

Course Outcomes:

Upon completion of the "Smart Banking: IoT and Embedded Finance Revolution," participants will be able to:

• Gain a foundational understanding of embedded finance and its strategic importance in modern banking.

• Develop skills to identify and implement embedded finance opportunities within your organization.

• Understand the role of IoT, AI, and other technologies in driving the embedded finance revolution.

• Navigate the regulatory landscape and compliance challenges associated with embedded finance.

• Apply knowledge through real-world case studies and live project demonstrations to drive innovation in your organization.

Key Benefits of Smart Banking:

Embrace the future of finance with Smart Banking, leveraging IoT and embedded finance to enhance customer experiences, optimize financial services, and drive innovation in banking operations.

How IoT and Embedded Finance Revolutionize Banking?

Discover how IoT and embedded finance reshape banking by enabling seamless transactions, real-time data insights, and personalized financial services, leading to more efficient and customer-centric banking experiences.