BESPOKE AREAS
Digital finance
Training in digital finance is crucial for professionals because it enables them to adapt to the digital age, improve efficiency in financial management and gain a competitive advantage in the labour market. These skills are essential to drive innovation and business growth in an increasingly digitised financial environment.
COORDINATORS:
Alfonso Ayuso Calle
Digital finance
Strategies
Open finance refers to the exchange of financial information between different competitors in the financial sector. It aims to streamline and improve financial services, stimulating competition, accelerating the development of new products, and improving the efficiency of the financial sector. Open FInance turns financial institutions into exponential organisations by providing them with platform models that improve connectivity between competitors and with customers.
The payments business is one of the links in the financial sector that provides the greatest economic, transactional and relational value to both financial institutions and their customers. The digital financial transformation of this market is a necessity for financial institutions in their aim to retain and boost business with higher value-added customers. The open payments model requires digital infrastructures for business management, customer relationship models such as X-Pay or P2P and propose solutions to the paradigm of the new digital currencies.
: In an environment of constant digital financial transformation, the financial sector needs to be equipped with real-time decision-making processes. This need is not only from the business world, it is a demand from customers who are also looking to make the best decisions based on information. The solution to the paradigm is to turn the digital transformation into a shared information environment for the entire financial sector. Open data is the process of evolution of the financial sector into a data-driven sector, which considers data as the raw material of its business. That data is owned by the customer and not by the financial institution.
Decentralised finance or DeFi refers to the financial ecosystem created on a decentralised technology, such as the Blockchain. In this ecosystem, it is the users who exchange financial services without the need for a traditional intermediary. Decentralised finance is a major challenge for the financial sector as it calls into question the intermediary role of traditional financial players. Training is the basis for the financial sector to adapt to this digital transformation. It is essential to find answers to the challenges of this new business model: verification of identities in the environment, secure smart contracts, custody of digital assets and types of financial advice.
The digital transformation facing the financial sector is changing the business paradigm, with a particular focus on higher value links such as payment management and financial advice. The transformation of the financial sector is based on two major trends: better data management to provide a service that is more tailored to the customer's needs and improved connection channels through digital platforms.
At Bespoke we are convinced that training in digital finance is vital for the development of a professional career in the financial sector, as it allows you to learn how digital finance optimises processes, improves efficiency and increases the competitiveness of the business. Digital financial transformation is the most important source of competitive advantage in today's financial sector.
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