Upscale Your Digital Strategy for the New Era of Innovation Workshop

West Africa has been no stranger to financial innovation. After the rapid growth of mobile penetration and mobile Internet connections in South Africa, the Western countries from the continent are trying to replicate this success, focusing on financial inclusion as a key objective. With more new players and challenges emerging, “wait and see” is no longer a strategic choice for traditional banks. Digital transformation is a must for West African retail banks. Customers prefer digital and disruptive competing offers are emerging one after another one.

This workshop provides a global overview of cutting edge banking integrating and involving African trends with special focus on West Africa. The youngest and fastest growing continent is transforming at light speed and bankers have the privilege to be in the forefront of this ‘revolution’.

We will take an in-depth look into Mobile Banking, Blockchain, Digital Currencies, Mobile Money, Digital Wallets, Remittances, Robotic Process Automation (RPA), Artificial Intelligence (AI), Machine Learning (ML), Open Banking as well as Application Programming Interfaces (APIs). While we look at the cutting edge technologies, we primarily focus on the immediate business applicability of these solutions. We are seeing a fast moving and exponentially shifting banking market where action is preeminent.

Besides exercises and case studies, the Upscale Your Digital Strategy for the New Era of Innovation Workshop provides an overview of leading corporate innovation strategies, putting tactics and immediate action into a wider context. While the workshop incorporates immense knowledge and serious learning material, it features exciting videos and sparkling open discussions.

Delegates attending this two-day workshop will gain complimentary access to the Future of Finance West Africa 2019 conference– Bringing together key decision makers from financial institutions and new market players to discuss the most current trends from the industry in West Africa.


Workshop Trainer :


David-Gyori

David Gyori

CEO, Banking Reports London

David Gyori is a globally renowned FinTech consultant, trainer, author and keynote speaker. He is CEO of Banking Reports Ltd London, providing top quality ‘FinTech Training for Bankers’ all over the world. In addition, Gyori holds a number of key international positions: He is founding member of the World FinTech Association as well as member of the panel of judges of the European FinTech Awards. He is co-author of ‘The FINTECH Book’, published by Wiley and Sons in 2016, quickly becoming a global category best-seller. Gyori is faculty member of the Retail Banking Academy (London), one of the most prestigious banker-training facilities globally. He serves on the advisory board of multiple FinTech companies in the United Kingdom.



Workshop Day 1

Tuesday, 23 April 2019

08:30

Registration

09:00

Welcome Note and Introduction by David Gyori, CEO, Banking Reports

09:30

Understanding the fundamental shifts in Banking

  • ICT is GPT, Moore’s Law, Metcalf’s Law
  • New players in Banking: MNOs, GAFA, BAT
  • The Red Queen Effect, The Banking Innovation Paradox
  • 30 Main Ares of FinTech, 20 areas of Mobile Banking, 5 Key Technologies
  • Tactics: Incubation, Acceleration, Venture Capital, Labs, Intrapreneurship

11:00

Blockchain and Distributed Ledger Technology 1.0

  • Definition and History: Differentiating between Bitcoin and Blockchain
  • 10 Phases of Blockchain Demonstration: Hash, Block, Blockchain, DLT, Value, Value Base, Public Key, Private Key, Signature, Integration
  • Interbank Money Transfer: SWIFT, R3 Alliance, Ripple Labs and beyond, Blockchain Based Remittances
  • Identity on Blockchain: New Banking from Denmark, KYC Chain and Block Pass from Hong Kong
  • Smart Contracts: Definition, Characteristics, Roles, How banks and bankers can profit, How lawyers can remain relevant

12:30

Lunch

13:30

Blockchain and digital currencies 2.0

  • Cryptocurrencies: Primary Risks (Nominal Price Volatility, AML, KYC), Secondary Risks (ICOs, Asset Tokenization)
  • CBDC: Central Bank Digital Currency, a global overview from Sweden to South Africa
  • Digital Currencies in Africa: The Miraculous Story of BitPesa from Kenya, Inflation driven Crypto moves (from Zimbabwe to South Sudan and beyond), Understanding the Crypto-Remittance world Abra (Malawi), GeoPay (South Africa), BitMari (Zimbabwe) and Kobocoin (from London to Africa)

15:00

Networking

15:30

The Payments Revolution: Putting African Mobile Money into context

  • The 4 Key Types of Mobile Wallets: The ApplePay Type (From USA), The PayPal Type (From USA), The WeChat Pay Type (From China), The M-PESA Type (From Kenya), The Scandinavian Wallets (From Sweden)
  • Institutional Answers: The two reactions of Barclays in UK (resistance and Pingit), The Story of YueBao and Sesame Credit in China, The War Between Banks and Mobile Network Operators in Africa, CBDC and PSD2 in Europe
  • Corporate Answers: SuperWallet from Poland, Amazon Go from USA
  • Two Steps Ahead: Smart Contact Lenses, VR Pay and Transhumanism

17:00

End of day one workshop

*Please note that this is a working agenda and topics and speakers are subject to change.

For more details, please contact:
Anna Farell Roca
Programme Manager
afarell@theasianbanker.com
Tel: (+86) 10 58694642

Workshop Day 2

Wednesday, 24 April 2019

09:00

Refreshing day one & warmup

09:30

From Robotic Process Automation to AI and ML

  • Data, the Oil of 21st Century: Banks versus TechFin, Fight for Data
  • Single Source of Truth, Data Quality, Legacy It and Legacy Data
  • Artificial Neurons, Supervised, Unsupervised and Reinforcement Learning
  • The Confusion Matrix: False Positives, False Negatives, Precision, Recall, F1
  • 7 Levels of MI: Act, Predict, Learn, Create, Relate, Master, Evolve
  • Specific Use Cases in Banking: Chatbots, Intelligent Voice Assistants, Back Office Process Improvements, Risk Management, Portfolio Management with Alternative Data, Wealth Management with Roboadvisors

11:00

Open Banking: Detaching the interface from the bank

  • From CX to UX; From UX to Interface; From Interface to Design
  • Open Banking in the UK: More than 200 active players, 10 key categories
  • PSD2 in Europe: Regulation vs Market Forces in Third Party Banking
  • Open API Structures in the USA: Market is always ahead
  • Case Studies: Bud from UK, Digit from USA, Figo from Germany
  • Group Exercise: Open Banking for West Africa, thinking through the future of the fundamental structure of banking in West Africa

12:30

Lunch

13:30

Advanced Digital Banking Strategies

  • The Scientific Definition of Disruption
  • The Christensen Strategy: KODAK, NOKIA, cars vs horses, bulbs vs candles
  • The art and science of ‘First Principles’, how Steve Jobs, Elon Musk and some others have mastered this principle
  • The ambidextrous Organization Strategy: BAU vs Emerging Business
  • The Toyota Strategy: Dual roles, Innovation Committee, Systematic Creativity
  • Secondary Corporate Innovation Strategies: The TRIZ Strategy, the Three Horizons Strategy, The Phase Gate Model

15:00

Networking

15:30

Summary and evaluation

  • Concepts
  • Next steps: Resources, to-dos, tools, trends
  • Summary & evaluation

17:00

End of workshop

*Please note that this is a working agenda and topics and speakers are subject to change.

For more details, please contact:
Anna Farell Roca
Programme Manager
afarell@theasianbanker.com
Tel: (+86) 10 58694642