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There are 5 modules in this course
Welcome to Digital Transformation Strategy! As you probably know, this is the first course in a three part specialization focused on the digital transformation of finance. We'll aim to bring you insights about how digitalization intersects with finance, culled from one of the world's top regions for digital innovation. I'm excited to have you in the class and look forward to helping you learn more about this important topic.
To begin, I recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click Course Content to see what material we’ll cover each week, as well preview the assignments you’ll need to complete to pass the course. Click Discussions to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the Meet and Greet forum!
This course should take about four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments you’ll complete each week.
By the time you finish this course, you’ll have mastered the transformational forces of digitalization and the new competitive dynamics it gives rise to, learned from leading financial companies and seen inspirational examples from the digital masters. You'll be introduced to the Capstone Project for the specialization and have a chance to form some preliminary solutions for a financial company seeking a new strategy for the digital age of finance.
Good luck as you get started. I look forward to seeing you in class!
Welcome to Digital Competition in Financial Services! We’re excited to have you in the class and look forward to helping you learn more about this important topic. To begin, I recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click Course Content to see what material we will cover each week, as well preview the assignments you will need to complete. Click Discussions to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the Meet and Greet forum! This course should take four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments you will complete each week. By the time you finish this course, you will have mastered important concepts needed to understand the transformation, learned from best practice in digital industries, and seen how firms in financial services are embracing the new rules of competition. You will be introduced to the Capstone Project for the specialization and have a chance to form some preliminary solutions for a financial service company that is re-inventing itself to compete in finance as a digital industry. Good luck as you get started. We look forward to seeing you in class!
What's included
1 video
Show info about module content
1 video•Total 4 minutes
Welcome to the course•4 minutes
The digital transformation
Module 2•4 hours to complete
Module details
The digital transformation is radically rewriting the rules of competition in the financial service industries. In this module, we are exploring the forces shaping the new competitive dynamics: product and service digitization, changing customer demands and new regulations. Together, these forces give rise to completely new market structures that force organizations to compete in new ways.
A brief history of the Digitalization of Finance•6 minutes
Saxo Bank: The digital transformation•3 minutes
The Digital Customer•9 minutes
The Regulatory Game•5 minutes
Saxo Bank: Changing regulation•3 minutes
The Logic of the Digital Financial Industry•8 minutes
5 readings•Total 56 minutes
What does it mean to be a digital native?•10 minutes
Why should the financial sector be regulated?•10 minutes
Compliance with EU Payments Regulation•12 minutes
Financial Regulation•12 minutes
Network effects•12 minutes
5 assignments•Total 106 minutes
Recapture Digitization and digitalization•8 minutes
Recapture The digital customer•8 minutes
Recapture Changing regulation•30 minutes
Recapture Digital markets•30 minutes
Week 1 assessment•30 minutes
3 discussion prompts•Total 30 minutes
Your digital life•10 minutes
Say Hi to your new customer!•10 minutes
Encounters with Regulation•10 minutes
Digital platforms
Module 3•3 hours to complete
Module details
At the heart of the digital transformation rests an increased orientation towards digitally enabled platform-based business models. In this module, we cover how firms compete with platforms and how platforms change the dynamics of affected industries. We explore the workings of the platform, including how to establish a platform core for others to build on and how to manage the relationship to 3rd party developers. We contextualize the ideas behind digital platform thinking using examples both from financial service companies and from the digital giants that excel in platform-based businesses.
What can we learn from the digital giants?•10 minutes
Digital ecosystems
Module 4•3 hours to complete
Module details
In this module, we introduce the business ecosystem metaphor as a way to think of and model the increasingly complex relationships between actors in the digital financial service industries. We elaborate on how to deal with relational tensions internally and towards externally. We also address how digital technology strategies become inseparable from business strategy in the digital era.
Centrally located in Copenhagen, the capital of Denmark, Copenhagen Business School (CBS) is one of the largest business schools in Europe with close to 23,000 students. CBS offers world-class research-based degree programs at undergraduate, graduate, and PhD levels as well as executive and other post experience programs.
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Reviewed on Sep 23, 2018
The course presents very important and valueable information. The final assignment was very interesting and really required reviewing all the information learned during the activity.
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NM
5·
Reviewed on Jun 22, 2020
Course is very detailed , informative , rigorous, course, well-structured it is highly recommended for all the Financial Services Professionals .
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MS
5·
Reviewed on Dec 21, 2019
This is a good course that provides insight into competition in the digital financial services. I am trying to get more people from my workplace to take this course.
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.