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“Banking is technology. Without technology, there is no bank.”

Ian RAE

Former CIO,

ANZ BAnk

Straits Times, 7 May 2015

Banks Need You

Why We Focus On Financial Services?

• New MAS initiative on 3 specific areas: Fintech, Payments, Analytics• New lab within MAS• Cross-sector initiatives, e.g. 1: LTA studying self-drive vehicles with

environmental sensors and navigation systems, e.g. 2 transport, analytics and insurance: calculating premiums for multiple drivers of a taxi

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The big trends in technology affecting finance:

1. Digital and mobile payments

2. Authentication and biometrics

3. Block chains and distributed ledgers

4. Cloud computing

5. Big data

6. Learning Machines

http://www.mas.gov.sg/news-and-publications/speeches-and-monetary-policy-statements/speeches/2015/a-smart-financial-centre.aspx

Exciting Time in the Financial Services

MAS Financial Innovation Partners

3

INSEAD

NUS – RMI (Advancing Risk Management for Singapore

and Beyond)

NTUInstitute of Catastrophe Risk Management

EDHEC-RISK

Institute

44

MITB-FS offers

1. Finance (Business domain)

2. Technology

3. Operations

Plus

1. Discovery skills

2. Design thinking

Innovation

FinTech Growth Market

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A portmanteau of financial technology that describes anemerging financial services sector in the 21st century.

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Financial Technology (FinTech)

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Fin·Tech noun : an economic industry composed of companiesthat use technology to make financial systems more efficient.

Source: Wharton Fintech Club

“… technology that serves the clients of financial institutions,covering not only the back and middle offices but also the

coveted front office that for so long has been human-driven.Source: Valuestreamlabs

“… innovation in technology that assists the clients of financialorganizations.”

Source: http://www.grovelands.co.uk

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FinTech; Capital F or capital T?

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What is Financial Innovation?

• Creation and popularising new financial instruments as well as

new financial technologies, institutions and markets.

It includes

• Institutional,

• Product and

• Process innovation.

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Strengthening Tech & Ops Skills in FS

Financial Services Track Curriculum

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A Series – Banking Products & Processes

A.1+ Banking Products & Processes

A.2+ Retail Banking Technology & Operations

A.3 Corporate Banking Technology & Operations

A.4 Financial Markets Technology & Operations

A.5 Trading Technology & Operations

A.6 Payment Technology & Operations

A.7 Assets Management Technology & Operations

A.8 Lifecycle Implementation of Banking Products

A.9 FS Operational Risk I: Foundation & Framework

A.10 FS Operational Risk II: Technology & Systems

A.11

+Financial Services Analytics in Practice

FinTech in MITB – Upcoming seminars

1010

Is DevOps Faster on the Cloud?

By

Mr Paul GriffinAssistant DirectorEASTSPRING INVESTMENTS (SG) LIMITED

DATE 24th February 2016, Wednesday

VENUE Seminar Room 2-3, Level 2School of Information SystemsSingapore Management University

6.30pm

(Refreshment & Registration)

7.00pm to 8.00pm

(Presentation by Mr Steve Lam)

8.00pm to 8.30pm

Q&A

FinTech: Risky Proposition?

By

Mr Steve LamPartnerErnst & Young Advisory Pte. Ltd.

DATE 29 February 2016, Monday

VENUE Seminar Room 2-2, Level 2School of Information SystemsSingapore Management University

6.30pm

(Refreshment & Registration)

7.00pm to 8.00pm

(Presentation by Mr Paul Griffin)

8.00pm to 8.30pm

Q&A

Singapore FinTech Scene

2C2P GoSwiff Crowdo Fastacash

Codapay Moneythor InfoTrie Dragonwealth

LoanGarage ApexPeak

Why MITB (Financial Services Analytics)?

Unique combination of Technology & Operations and AnalyticsThe dual skills in analytics and IT banking processes will equip students to

derive business insights and guide business decisions.

Innovative and Resourceful

A perfect blend of theory and practical application of concepts will enablestudents to design solutions to address the challenges in financial servicesindustry through various hands on activities and business cases.

Broad-based exposure with in-depth knowledgeMITB (FA) provides in depth knowledge in extracting useful knowledge from

huge data sets, in turn designing performance models & usage of optimizationtechniques.

Financial Services Analytics (FA) Track

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A.11 Financial Services Analytics in Practice

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A new course specially designed and developed for FS Analytics track students

Course Description− This course is designed for FS Analytics students to bridge the gap between analytics techniques

and the applications, focusing on financial institutions. Using current applications of analytics inthe banks, to facilitate discussion and labs and inviting industry leaders as guest speakers, thecourse will allow students to understand how domain knowledge in financial services interactswith the different areas of the analytics value chain.

Course Objectives− At the end of the course, students would be able to identify potential areas and challenges in

the implementation of analytics, allowing them to propose valuable analytics solutions that areactionable by the financial institutions.

Methods− SMU Pedagogical methods including lectures, industry speakers, blended learning, labs

Proposed Tools− SAS Enterprise Guide, SAS Enterprise Miner

Financial Services Analytics Curriculum

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A Series + B Series

• Banking Products & Processes

• Analytics Technology & Applications

A.1+ Banking Products & Processes

A.2 to A.8 – Choose one

A.9 to A.10 – Choose one

A.11+

Financial Services Analytics in Practice

B.1 Analytics Framework & Business Context

B.2+ Data Analytics Lab

B.3 to B.10 – Choose two

Devansh SharmaGraduated August 2014Business Analyst (Credit Risk)

Credit Suisse, India

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Zhou YuGraduated August 2014Risk Control Analyst

Chong Hing Bank Limited

Sunil BansalGraduated May 2015VP, Development of multi asset equity productsCitibank London

ZHANG SIQIGraduated January 2015Software Engineer,

Accenture, Singapore

MITB (Financial Services) Alumni

2/26/201616

http://www.channelnewsasia.com/news/business/singapore/singapore-banks-still/2507538.html

Singapore Banks Still Hiring

Creating Innovation Capabilities

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