NEOMA Business School Fintech & DeFi Course 2024/25 PDF

Fintech & DeFi > Shaping the Future of Finance DESSMI IFI - 1st Semester 2024/25 Course designed by Benoît Courtois  Let me introduce myself… Benoît Courtois Co-founder and CEO of DeFi Gemini Consulting. Dire...

Fintech & DeFi > Shaping the Future of Finance DESSMI IFI - 1st Semester 2024/25 Course designed by Benoît Courtois  Let me introduce myself… Benoît Courtois Co-founder and CEO of DeFi Gemini Consulting. Director – Blockchain and Financial Services at RSM France. 12+ years in audit and advisory firms (Big 4) in Luxembourg and Spain. Graduated from NEOMA Business School in 2010. Course designed by Benoît Courtois  What about you? 20’’ introduction: Name Country of origin Passions and hobbies Experience/Knowledge in finance and blockchain? Course designed by Benoît Courtois  Introduction “The future belongs to those who prepare for it today." - Malcolm X Course designed by Benoît Courtois  Course Description This course has been designed to uncover the potential of blockchain and decentralized finance (DeFi). You will delve into the principles of blockchain, its applications in finance and fintech, and explore how it can shape and redefine traditional finance. How does it sound to you? Any thoughts regarding Malcolm X quote? Course designed by Benoît Courtois  Learning Objectives Upon completion of this course, you will be able to: Understand the basic principles and concepts of blockchain technology. Identify potential applications of blockchain in fintech and finance. Apply blockchain concepts in finance, and analyse its implications for future financial strategies. Engage in discussions about future trends and developments in blockchain, fintech and finance. Course designed by Benoît Courtois  Ultimate goal My Goal >> Equip you with adequate knowledge and enhance your skills to help you secure employment or start your own business upon graduation from NOEMA. Modules have been designed to fit with your 3 concentration tracks: Corporate Finance & Investment Banking Track Financial Markets & Risk Management Track Real Estate & Wealth Management Track What are your goals regarding this course? Course designed by Benoît Courtois  Course Modules 01 Intro & Fintech 04 Blockchain & DeFi 02 Blockchain Basics 05 Crypto AM 03 Blockchain Apps 06 MGH Assignment Teaching Style: Face to face Online Online Async Course designed by Benoît Courtois  Course Modules 07 Crypto Valuation 10 Group Project 08 Risks & Regulations 09 LinkedIn Learning Teaching Style: Face to face Note: Modules may vary based on the instructor's expertise. Online Online Async Course designed by Benoît Courtois  Course Textbooks “Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World” by Don Tapscott and Alex Tapscott. “Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction” by Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller, Steven Goldfeder, Princeton University. No mandatory readings are required. Relevant articles and readings will be distributed prior to each session to serve as the foundation for the course. Course designed by Benoît Courtois  Learning Culture Rules: There are no stupid questions. Ask your questions. Dare to take risks. “No risk no return”. Respect is key. We are all playing in the same team. No one will be left behind. We are all supportive. Please be careful about plagiarism and deadlines. “A person who never made a mistake never tried anything new.” - Albert Einstein “Only those who dare to fail greatly can ever achieve greatly.” - Robert F. Kennedy Course designed by Benoît Courtois  Course Assessment Continuous Assessment (60%): § Individual assessment (40%). § Case study analysis and group project (20%). Main criteria: Individual participation, internal group organization and communication, relevance and clarity of the delivered outputs, presentation, team spirit, level of risk taken, respect for deadlines/timing and application of the learning culture rules. Individual Assessment (40%): Final exam. Final Grade: 20/20 - Pass Grade: 10/20. Course designed by Benoît Courtois  Let’s Team Up Team rules: Team of 5 students max. Random draw. Choose a name for your team. This will be used for all group activities and assessments. Explain your group name. Course designed by Benoît Courtois  01 Fintech Overview > By Benoît Courtois IFI – Fintech & DeFi – Week 1 Course designed by Benoît Courtois  Fintech Definition Investopedia: “Financial technology (better known as Fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services”. “Fintech also includes the development and use of cryptocurrencies, such as Bitcoin. While that segment of fintech may see the most headlines, the big money still lies in the traditional global banking industry and its multitrillion-dollar market capitalization.” Course designed by Benoît Courtois  Fintech Services Let’s get started! Work in teams to answer the following questions: What are the main Fintech companies that come to mind? Pick up one. What does it do? Are you using its services? If so, why? What is its added value/unique value proposition? What is its business model? You have 10 minutes. Course designed by Benoît Courtois  Biggest Fintech Companies Course designed by Benoît Courtois Source: courses.cfte.education  Big Tech companies Collins dictionary: “Big Tech is used to refer to the biggest technology companies.” Examples: Big 5 “GAFAM” Course designed by Benoît Courtois  Largest Market Caps Course designed by Benoît Courtois Source: companiesmarket.com  Fintech & Big Tech Work in teams to answer the following questions: How would you describe the relationship between Fintech & Big Tech companies? Prepare your answer within a matrix table using synergies (low-high) and competition (low-high) axes. You have 10 minutes. Course designed by Benoît Courtois  Tech Giants’ Strategy Big Tech companies are transforming the financial services industry by: Investing in/Partnering with fintech companies Leveraging their vast user bases Offering payments solutions (e.g. Tap to pay etc.) Providing digital wallets Competing with consumer banks, building “quasi- banks” >> Ultimate goal: Control of the entire value chain (B to C) for profits maximization. Course designed by Benoît Courtois  Global Trends Course designed by Benoît Courtois Source: KPMG Fintech pulse  Global Trends Course designed by Benoît Courtois Source: KPMG Fintech pulse  Fintech Solutions Non-exhaustive list of examples: Mobile and digital banking Payments and remittances Blockchain and crypto Crowdfunding Insurtech Regtech Stock Trading Digital lending and credit Advisors (robots & algorithms) Course designed by Benoît Courtois Source: AFI Global  Fintech Technologies Non-exhaustive list: Artificial intelligence (AI) Blockchain Internet of things (IoT) Cloud computing Open source (SaaS) No code and low code Process automation Let’s discuss what I call the “Tech Golden Triangle” Course designed by Benoît Courtois  Fintech Ecosystem Course designed by Benoît Courtois Source: BI intelligence  What if any company… …Could become a fintech company? How? Team work: Please share your thoughts. (2 min) Course designed by Benoît Courtois  What’s Embedded Finance? Non-financial companies offering financial products and services. Main features: BaaS (Bank-as-a-Service) Online purchase without entering bank details Instant access to consumer loans outside banks Easy integration thanks to APIs (Application Programming Interface) Financial products placed in a nonfinancial customer experience >> Ultimate goal: Integrated experience for customers, a frictionless, fast and convenient shopping experience including banking services where needed. Course designed by Benoît Courtois  What’s New? Course designed by Benoît Courtois Source: PwC Global  Growing Demand Course designed by Benoît Courtois Source: McKinsey Analysis  Market Insights 2022 global embedded finance market size: USD 65.5B Expected growth at a compound annual growth rate (CAGR) of 32.2% from 2023 to 2030. Course designed by Benoît Courtois  Growth Factors Main factors: Increased cost of living: need for financial flexibility/solutions Post COVID-19 digitalization: new habits and lifestyles Smartphones and internet connectivity Cloud computing power Generational impact: new consumer behaviors (Millennials and Gen Z) Let’s analyze and classify them >> demand vs supply Course designed by Benoît Courtois  Interactions Framework Main components: 1. Fundamental drivers 2. Market outcomes 3. Policy objectives 4. Policy making Let’s discuss the four of them >>>> Efficient interactions are crucial to build a sustainable ecosystem. Course designed by Benoît Courtois  Industry Analysis Instructions: Team work. Based on your experience/knowledge/readings and the slides presented so far, what is your opinion regarding the future of fintech, incl. the services offered, the stakeholders, the market and the technology used (such as blockchain)? Please justify your answer. Expected output > Your opinion + 5 justifications. You have 15min. Course designed by Benoît Courtois  Course Opening The world is embracing blockchain in fintech: Powerful and disruptive technology Payments and cryptocurrencies The emergence of decentralized finance Assets tokenization Non Fungible Tokens (NFTs) Metaverse etc… “If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” - Satoshi Nakamoto Course designed by Benoît Courtois  Course Wrap Up Course summary: Recap of the main concepts covered Questions & Answers Reflections and feedback Mandatory readings to prepare the next module Time: 10min Course designed by Benoît Courtois  Thank you! Course designed by Benoît Courtois