Digital finance: everything to learn
Finance is unique in the business world: Although financial firms compete intensively among themselves, they have also historically enjoyed protection from outside players due to both their role as intermediaries and regulatory barriers to entry. So, despite internet banking, mobile devices and securitization, the fundamentals of financial intermediation have not until recently significantly changed over the past century.
Yet, technological change is upending and disrupting other industries such as transport (Uber) and lodging (Airbnb) that appeared invulnerable until very recently. Generally speaking, technology is rapidly causing disintermediation. Those who believed that finance was comfortably immune to these challenges may be surprised to learn, for instance, that internet-based marketplace lending has grown from nonexistent to a $18 billion business in a few short years.
The goal of this course is to give students an understanding of how technological innovation is now rapidly transforming the finance and investment landscape. We endeavor to provide participants with the tools to understand what is happening, what may soon happen, and how they might respond to these changes – either as incumbent players or new competitors.
This course is intended to be practical. The methodology is a combination of fundamental ideas and hands-on tools. The first week will focus on basic concepts and real-life case studies. In the second week, you will learn from practitioners: both those on the start-up side of fintech and those who work at established incumbents who are facing these new challenges.
- Disruptive Change in Financial Markets - and Elsewhere.
- Innovation and its broad impact on even "sleepy" traditional industries.
- How different types of innovation have had very different effects on existing businesses.
- How disruptive innovation has driven industry leaders out of business.
- Marketplace Lending.
- New peer-to-peer business models for consumer and SME lending.
- Why it may threaten traditional banking.
- Competitive analysis and environment.
- New regulatory drivers.
- Interactive case study: Lending Club.
- The “democratization” of venture capital.
- New business models for startups and small businesses.
- Transformative role of new technologies.
- Case study: Crowdcube.
- The rise of algorithm-based investment management for the middle-class.
- How these are especially targeted to younger "millennials".
- 'Nuts and bolts" of how these platforms work in practice.
- How robo-advising has taken off in developed countries and threatens traditional asset managers.
- Digitalization and Blockchains
- How digital technology is transforming the value chain in finance.
- The future of connectivity, payments, settlements, and risk management.
- How blockchain technology may change the future of banking.
- Case study: R3.
Registration and Enrolment Process＋
Those interested in participating in one of the programs should fill out the application for admission on the CUNEF website (www.cunef.edu) and attach the required documentation: Curriculum Vitae and covering letter.
The enrolment process begins in January 2015 and ends on 30th June 2015.
Upon receipt of the application for admission, CUNEF will assess the documentation and issue the corresponding letter of admission to the selected participants which will inform them of the procedures to be followed to formalize their tuition fees for the program. Additionally, they will be informed about the accommodation options near the CUNEF Campus as well as complementary activities especially aimed at CUNEF Finance Summer School participants.
Price of the programs: The program cost is between €1,125 and €1,500, depending on whether it includes 30 hours or 40 teaching hours.
Scholarships and grants: CUNEF arranges 25 scholarships for 50% of the costs of enrolment in the summer course in which the applicant has been admitted, aimed at participants demonstrating a university record averaging 7 or above. To apply for one of these scholarships, the university record stating the average mark obtained by the applicant in their studies should be attached. Grants for accommodation covering the stay in Madrid during the two weeks of the course are also arranged.
VIDA EN MADRID＋
Madrid es la capital de España y una de las mayores ciudades de la Unión Europea. Es una ciudad cosmopolita, dinámica y con una amplia oferta de actividades culturales y sociales. Desde el punto de vista empresarial Madrid acoge las sedes corporativas de la gran mayoría de las empresas e instituciones financieras que desarrollan su actividad en España.
Es un influyente centro cultural y cuenta con museos de referencia internacional, entre los que destacan el Museo Nacional Centro de Arte Reina Sofía, el Museo del Prado, el Thyssen-Bornemisza y CaixaForum Madrid, que ocupan, respectivamente, el 12º, 18º, 67º y 80º puesto entre los museos más visitados del mundo.
Madrid cuenta con una atractiva vida social, un clima agradable, y se encuentra bien comunicada con muchas otras ciudades españolas y europeas y lugares turísticos de máximo interés.
Puedes consultar más información sobre Madrid en:
“Get ready to face the future of finance, one that may be very different from the past. Technological change has already disrupted industries such as transport (Uber) and lodging (Airbnb). Today, finance is also being subject to these innovative game changers. The goal of this course is to give students an understanding of how this innovation is rapidly transforming the finance and investment landscape. Using fundamental concepts and practical tools, we will provide participants with the skills to understand what is happening and how to respond”
Prof. Steven Zitzer y Prof. Dr. Fernando Moroy