Future of Finance Vietnam- Winning Digital Transition Workshop

Winning Digital Transition Workshop
Wednesday,  11 January 2017

09:00 – 09:30

Welcome Note – David Gyori

09:30 - 10:45

The Digital Revolution in Banking

• ICT is GPT: The New Role of Information-Communication Technology
• FinTech: 30 Areas, 150 bn USD Investment, 15 000 Startups
• Challenger Banks: Digital-Finity, Differentiated Value-Proposition
• Case Studies: DBS Bank from Singapore, Atom Bank from UK
• Group Exercise: The Banks versus FinTech Companies Box Game

10:45 – 11:00

Tea/ Coffee Break

11:00 – 12:00

Adequate Reactions to the Challenge

• Coopetition: Why and How does Competition and Cooperation Blur?
• The Red Queen Effect: How Evolutionary Biology Helps Winning?
• Information Cascades: The New Way to Introduce Digital Products.
• The Banking Innovation Paradox: Why are Banks Struggling so Hard?
• Case Studies: TransferWise from UK, eToro from Israel, ICICI from India
• Group Exercise: The Corporate Venture Fund Exercise

12:00 – 13:00

Luncheon

13:00 – 14:45

New Clients Need New Products and New Channels

• Millenials: The Smartphone Generation, The MNOs, GAFA Bank
• Payments: ApplePay, LoopPay, SelfPay, NFC – Beacon - QR
• Services: Video Banking, The Anthropology of Channel-Transition
• Channels: F2F -> Bricks2Clicks -> Multich. -> Omnich. -> Optich.
• Case Studies: Moven from New York, SuperWallet from Poland
• Group Exercise: Building AppleBank, Creativity the Steve Jobs Way

15:00 – 16:30

Tactics and Strategies to Win Digital Transition

• Toyota Model: What can Banks Learn from the Automotive Industry?
• Ambidextrous Organization: Is Silicon Valley Two Steps Ahead?
• TRIZ: Digital Convergence in Parctice?
• Case Studies: Citibank from USA, Barclays from UK
• Group Exercise: The Innovation Committee Simulation

16:45 – 17:00

Summary and Evaluation

• Concepts: What is Digital? How to Win? What to Overcome?
• Next Steps: Resources, To-Dos, Tools, Trends