Strategic Digital Transformation in Finance Module 2: Digitalisation Implementation in Financial Services
- Analytics & Tech
- Finance & Investment
This module is conducted in-person.
2 Full Days (Weekdays)
Who Should Attend
- Directors, CFOs, Financial Controllers, accounting and finance professionals
- Senior Decision Makers for Business Strategy in medium-to-large corporates and institutions, including C-suite and one-downs, and Board of Directors
- Senior Managers, influencers and change agents in medium-to-large corporates and institutions which are intending to, or in the process of undergoing digital transformation. Senior Managers include, but are not limited to Department Heads, Vice Presidents and Directors
PREREQUISITES
Participant should have at least:
- a Bachelor's Degree or
- Diploma with at least 3 years working experience
Overview
The digital transformation that has upended industries from retail and media to transport and business-to-business commerce is now sweeping the financial services industry. Although financial services have been computerised for decades, with products such as retail brokerage using digital channels for some 20 years, a more radical transformation of the industry has been delayed till recent years. This was inevitable, as ubiquitous computing power, pervasive connectivity, mass data storage, and advanced analytical tools can easily and efficiently be applied to financial services.
A new wave of FinTech companies is offering point solutions in product areas such as payments, remittances, savings and investments, personal financial management, trade and invoice finance, small and medium-sized enterprises (SMEs), lending, and insurance. Innovations are also directed at processes such as Anti-Money Laundering-Know Your Customer (AML-KYC) compliance, credit scoring, underwriting and risk management, customer service, collections and recovery, capital markets activities, asset securitisation, middle- and back-office reporting, trade processing, and connectivity between banking systems.
Learning Objectives
- Learn about the development of finance and technology in recent history, major technological trends and stakeholders in the ecosystem
- Gain insights into how new technologies are reinventing financial services in the new ecosystem
- Learn about the concepts and functionality of these technologies and how they are being used to provide services, how they work and where the opportunities and challenges are
- Understand how companies/ financial service institutions can leverage into the future and select the right digitalisation strategy in order to increase their client outreach and deliver a wide range of financial services via new channels
- Learn how financial service institutions can respond to new regulations with agility, while ensuring that that the customer experience does not suffer
Participants will be able to earn 14 CPD Points awarded by the Association of Chartered Certified Accountants when they attend this module.
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
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*Online registration will close 5 calendar days before the course start date
Trainers
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