FinTECH WORKSHOP 

We introduce students to a variety of skills and knowledge that will shape the way they think and approach innovation within the FinTech sector. 

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Duration: 3 Hours

Cost: £600 (educational institutions have a different pricing structure - please contact us for more information)

Location: London

Attendents: Max 50 people

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Overview:

FinTech is one of the biggest industries for tech innovation at the moment. Every year thousands of graduates begin their first steps to start-up glory by Zuckerberging it away in some basement co-working hot desk at East London Tech City hoping to be the next big FinTech giant. Most of them have 2 things in common: (1) they are very competent and confident entrepreneurs capable of innovating fantastic products and services (2) they don’t know much about the start-up ecosystem of London.  They don’t know what trends are happening, what challenges exist within various financial sectors that are ripe for innovation. They arent too sure about what new types of technologies are being used to innovate and what types of solutions are being demanded by investors, consumers and even governments (financial regulatory bodies).  To incorporate these elements into your approach increases your chances of launching a successful FinTech Start-Up.  

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Part 1: Background

 

• The Conditions that led to the birth of Tech City from 2008 onwards

• The Great Disruption – Government influences that launched the FinTech revolution

• How Banks fought back for survival and established the modern ecosystem we have today

• Key players like global company HQs and innovative start-ups that rule the lands

• What are incubators, accelerators and co-working spaces and how do they help you?

• What are investors and how do funding phases really work?

• Important annual events 

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Part 2: Knowledge of the FinTech Ecosystem

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• Understand how all successful FinTech businesses aim to achieve 1 (or more) of the 3 main goals of FinTech

• Introduction to 5 key financial sectors where FinTech is really innovating  

• Introduction to 6 types of cutting edge technologies that FinTech businesses use to innovate new products and services

• Introduction to 6 trends within all FinTech sectors that consumers, investors and regulatory bodies demand innovation

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Part 3: Interactive Workshop

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In Part 3 students form into groups and each group will be given aset of cards each making up a specific element of FinTech covered in Part 2.  The Yellow cards are FinTEch goals, the Green cards are FinTech Sectors, the Blue cards are Technologies being used in innovating new products and services in FinTech and the Red cards are Trends that innovators are focusing on in FinTech in response to investor, consumer and regulatory demands.   Students must pick a minimum of 1 card from each colour deck.  Each card states a current challenge in that element along with a list of recommendations that students are asked to consider when using this card as part of their innovation. Using these cards each group is encouraged to design a hypothetical FinTech Start-up of their own.  The end products do not have to be technically plausible or even realistic but rather should demonstrate that students have learnt the material and are able to problem solve and innovate with them. 

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By working in this way, students learn how to think about innovating new products and services by understanding how specific forms of technology can be used to innovate within certain trends, in specific financial sectors to achieve specific investor, consumer and regulatory goals. 

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Suitability: This is a fantastic workshop for introductory students to finance and technology as well as more advanced students who are familiar with such elements but wish to learn more about how market conditions can inspire their innovations. 

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