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PRASAR SHARMA Business Tech/Emerging Tech Leader PGDM - IIM Bangalore, BE - NIT Surat

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Trainer Introduction Team Introduction Program Coverage Discussion on Goals & Outcomes

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Fintech (Finance + Technology) uses technology to enhance or automate financial services & processes  It encompasses the industry across: Mobile banking & insurance  Blockchain & cryptocurrency  Investment apps Fintech has a massive array of applications.

How FinTech Initiatives Are Driving Financial Services Innovation

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The industry has grown rapidly & expected to keep growing According to CB Insights, there are "41 VC-backed fintech unicorns worth a combined $154.1B."  Most traditional banks are adopters of the technology,  Includes actively investing in, acquiring or partnering with fintech startups Helps service digitally savvy customers effectively Fintech is gaining substantive traction due to this

39 FinTech Unicorns Valued at $147.37 billion - Chris Skinner&#39;s blog

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Mobile banking is a large part of the fintech industry.  Most banks offer mobile banking, especially with the rise of digital-first banks, or " Neobanks " Neobanks  are banks without any physical branch locations  Serve customers across checking, savings, payment services and loans Completely on mobile and digital infrastructure.  Examples of  Neobanks  are Chime, Simple and Varo.

Neobank designs, themes, templates and downloadable graphic elements on  Dribbble

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Blockchain allows digital & cryptocurrency to exist – along with Smart Contracts Advancements in crypto  can be attributed to both blockchain and fintech. Blockchain is a unique technology & can be considered outside the realm of fintech  However it is necessary to create practical applications that move fintech forward Some important blockchain companies are Gemini, Spring Labs and Circle

What Are The Most Interesting Blockchain Applications In Fintech?

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Fintech has driven the rise of many investing and savings apps  Barriers to investing are being broken down by these companies.  While apps differs in approach, each uses a combination of savings and automated small-dollar investing methods,  These include instant round-up deposits on purchases Companies in this segment include Robinhood, Acorns etc.

Investing app Stash raises $65M, launches banking and &#39;stock-back&#39; rewards  with Green Dot | TechCrunch

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Machine learning has played an increasingly important role in fintech  Power of this AI-subset lies in its ability to analyse massive amounts of data Done through algorithms designed to spot trends and risks,  This provides consumers, companies & banks deeper real-time insights Leading to a more informed understanding of investment and purchasing risks earlier in the process

5 strategies to buy and sell stocks using algo trading - The Economic Times

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Fintech has created ease of moving money digitally Payment companies have changed the way of doing business business Easy-to-use apps help send money across the globe instantly and without physical logistics An area where Indian market is well developed – including  PayTM , Google Pay,  PhonePe  et al.

Mobile Payment Security: Best Practices &amp; Risks | CardConnect

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Fintech is overhauling credit by streamlining processes This includes risk assessment, speeding up approval processes and making access easier.  Billions of people around the world can now apply for a loan on their mobile devices  New data points and risk modeling capabilities are expanding credit to underserved populations Additionally, consumers can request credit reports multiple times a year without dinging their score Entire lending process & backend has become more transparent & efficient  Credit companies worth noting include Tala, Petal and Credit Karma.

Digital Lending: Continues To Innovate Lending Through 2018

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Insurtech is becoming a standalone industry – within Fintech Insurance is usually a slower adopter of technology Fintech startups are partnering with insurance companies to help automate processes and expand coverage  This includes mobile car insurance to wearables for health insurance,  Some Insurtech companies include Oscar Health, Root Insurance and  PolicyGenius .

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THE BIG PICTURE ON PRODUCT STRATEGY
1. The Key to Unlocking Growth Potential
Product companies thrive or die based on their
product strategy.
3. The Product Roadmap
The output of a product strategy is a product roadmap
to create killer products.
2. It's All About Customer Value
If you beat competitors at the customer value game,
your products will win.
4. Faster, Better, Stronger
At the core of great products is an effective and
efficient product development lifecycle.

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[VIDEO] What Is Product Strategy (an overview)

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Research and analyze their company product performance - to make informed decisions on how their company can develop products and increase sales Gathering and analysing data about customers, competitors, and current openings in the market Understanding the needs of their customers and present these needs within the company Presenting complex research findings to management in easy-to-understand manner by using slide presentations, graphs and charts Designing and evaluating ideas for new products Designing long-term goals to ensure that their company stays relevant and produces products that sell

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And what is the role of a  Product Manager?

A product manager designs and produces new products to fill identified gaps in the market.  Creating and monitoring budgets for product development Designating roles to their team by thinking critically about the work dynamic, strengths and weaknesses of all their employees Staying on top of trends to determine market openings for new products Reporting the progress of a product to investors, clients and upper-level management. Fostering a positive team culture Writing selling points and design strategies to sell their product

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Being the Alpha This strategy, aka Leader, is to be the market leader, creating innovative products that’ll leave your competition lagging behind. It’s expensive, it’s risky, but the rewards can be huge. Giving the Alpha a Run for Its Money This strategy, aka Challenger, is to challenge the market leader by beating them at their own game. Piggybacking This strategy, aka Follower, is to piggyback on the innovations by the leaders and their challengers. You don’t create any innovative products yourself, but use them to create cheaper, derivative products. Dominating a Corner This strategy, aka Niche, is to create a product for very specific types of people in an otherwise large market. This allows you to work with limited resources because you don’t cater to everyone in the larger market.

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Telfar  is a black owned luxury brand that began selling bags in 2014 by fashion designer  Telfar  Clemens   Telfar  quickly gained popularity in 2020 for its intimate, unapologetic, and out-there brand image that celebrates people of all backgrounds. T his was made possible with  Telfar's  well-thought-out product strategy The company defied expectations and created a product and marketing campaign that successfully resonated with its customer base.

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Nike has been known for its innovative products since the first shoe it released in 1971 Recently, the company has taken more experimental approaches when releasing a new shoe concept, the Nike Air Zoom Mercurial. A unique football cleat that combined computational design with air bag technology While the model is strikingly different from the company’s other cleats, Nike created a product and marketing campaign that surprisingly resonated with its customer base.

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' Durable
physically stable, does not
rot or rust, or melt
Transferable
easy to transfer ownership from
one person to another
' Divisible
can be subdivided into smaller
units of money
' Scarce
limit quantity available
or use
easworecognze an verifr
authenticity
ungible
one unit of money can be
substituted for another

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Marco Polo  returned from the Far East with detailed description of exotic currencies such as: Banknotes Salt  Cowry shells.

Marco Polo png free download - Travel Smile - remy hii png marco polo

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Other “limited" economies found no use for rare metals  Instead relied on goods as currency The pound-of-tobacco" was an official currency unit in Virginia during the colonial era Rice could be used in South Carolina.  Pelts were used as currency by the Hudson Bay Company.

Currency and Commodity Derivatives explained in detail

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Western Union & the Dematerialization of Money WU opened in 1851  By 1861, it had linked both US coasts  By 1871, it allowed money transfer over its lines  This was the first step in the fundamental virtualization of money This has manifested in various formats over the past 150 years

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Banking has evolved with currency which - particularly coins - grew out of taxation.  As empires expanded, functional systems were needed to collect taxes and distribute wealth  Banking institutions were created to provide loans to the public As economies grew, banks allowed members of the general public to increase their credit and make larger purchases Historically, temples were considered the earliest forms of banks The earliest Roman laws allowed for the taking over of land in lieu of loan payments that were owed between debtors and creditors.

History of Banking. Banking history is strongly interlinked… | by Alexander  Christodoulakis | Medium

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Banking began when empires needed to pay for foreign goods & services with something that could be exchanged easily Coins eventually replaced fragile, impermanent paper bill Coins needed a safe place, & ancient homes did not have safes Wealthy people in ancient Rome kept coins and jewels in basements of temples The presence of priests or temple workers, who were assumed devout and honest, and armed guards added a sense of security Historical records from Greece, Rome, Egypt, and Ancient Babylon suggest that temples also loaned money out This was a major reason why they were ransacked during wars Coins could be hoarded more easily than commodities, so a class of wealthy merchants took to lending coins, with interest  Temples typically handled large loans and loans to various sovereigns, and wealthy merchant money lenders handled the rest.

Money and Banking in Ancient Rome – Brewminate

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Romans, who were expert builders and administrators, extricated banking from the temples and formalized it within distinct buildings Julius Caesar, in one of the edicts changing Roman law after his takeover, gives the first example of allowing bankers to confiscate land in lieu of loan payments The Roman Empire eventually crumbled, but some of its banking institutions lived on in the form of the papal bankers that emerged in the Holy Roman Empire and the Knights Templar during the Crusades.

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Monarchs across Europe noted the strengths of banking institutions  Banks existed by the grace, or explicit charters and contracts, of the rulers Therefore, royal powers began to take loans in tougher times – at king’s terms Easy financing led kings into unnecessary extravagances, costly wars, and arms races  This would often lead to crushing debt. In 1557, Philip II of Spain managed to burden his kingdom with so much debt (as the result of several pointless wars) that he caused the world's first national bankruptcy

Where did the idea for bankruptcy come from? | HowStuffWorks

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Banking was already well-established in the British Empire when Adam Smith introduced the "invisible hand" theory in 1776 Initially, this did not benefit the American banking industry  Average life for an American bank was five years, after which most banknotes from the defaulted banks became worthless These state-chartered banks could, after all, only issue banknotes against the gold and silver coins they had in reserve. Alexander Hamilton, a former Secretary of the Treasury, established a national bank that would accept member banknotes at par, Helped banks float through difficult times  Over time this national bank created a uniform national currency  Also set up a system by which national banks backed their notes by purchasing Treasury securities,  thus creating a liquid market

America&#39;s False and True Conservatives- A Response to Matt Walsh |  abiasedperspective

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Most of the economic duties that would have been handled by a national banking system fell to large merchant banks  This was because the national banking system was sporadic. These banks included Goldman Sachs, Kuhn, Loeb & Co., and J.P. Morgan & Co.	 J.P. Morgan & Co. emerged at the head of the merchant banks during the late 1800s  It was connected directly to London, then the world's financial  center , and had considerable political clout in the United States.  The Panic of 1907:  The collapse in shares of a copper trust set off a panic, a run on banks, and stock sell-offs,  Without the Federal Reserve Bank to take action to calm people down, the task fell to J.P. Morgan to stop the panic.  Morgan used his considerable clout to gather all the major players on Wall Street to  maneuver  the credit and capital they controlled, just as the Fed would do today.

The Panic of 1907 and the National Monetary Commission (HOM 30-A) - YouTube

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Because it had taken J.P. Morgan, a banker who was disliked by much of America for being one of the robber barons along with Carnegie and Rockefeller, to save the economy, the government formed the Federal Reserve Bank (the Fed) in 1913.  Although the merchant banks influenced the structure of the Fed, they were also pushed into the background by its formation. Even with the establishment of the Fed, financial power and residual political power were concentrated on Wall Street.  During World War I America became a global lender replacing London as the global financial centre by the end of the war.  The US administration insisted  debtor nations pay back their war loans - traditionally forgiven – to get any further credit. This slowed down world trade and caused many countries to become hostile toward American goods.  When the stock market crashed on Black Tuesday in 1929, the already sluggish world economy was knocked out.  The Fed couldn't contain the crash & refused to stop the depression; the aftermath had immediate consequences

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World War II ultimately saved the banking industry from complete destruction For banks and the Fed, the war required financial manoeuvres using billions of dollars This massive financing operation created companies with huge credit needs  Which spurred banks into mergers to meet the demand These huge banks spanned global markets. More importantly, domestic banking in the United States had finally settled With the advent of deposit insurance and mortgages, individuals had reasonable access to credit.

State of Oregon: World War II - Better Buy Your War Bonds: Savings Drives  Fund the War

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Today most people need a mortgage, or some form of credit,  Used to finance home, vehicle & asset purchases Banks have come a long way from the temples of the ancient world,  However basic business practices have not changed.  Banks issue credit or loans to people who need them, which is repaid with interest z	 The bank's purpose is to give loans and protect depositors' money.  Even with digital banking and financing replacing traditional banking banks still perform this primary function.

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Introduction to Project & Program Management

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The ability to deliver projects on schedule, on budget, and aligned with business goals is key to gaining an edge in today’s highly competitive global business environment  Project management is the practice of: Applying knowledge, skills, tools, and techniques  To complete a project according to specific requirements PMs need to  Identify the problem,  Create a plan to solve the problem  Execute that plan until solution This requires an analytical mind, and adept interpersonal abilities

Project Management Challenges And Solutions // Inlea

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[VIDEO] What is Project Management_ _ Introduction to Project Management - Zoho Projects

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Project managers will help an organization: Have a more predictable project planning and execution process Adhere to project budgets, schedules, and scope guidelines Resolve project roadblocks and escalate issues quicker and easier Identify and terminate projects that do not have relevant business value Become more efficient Improve collaboration across and within teams Identify and plan for risks

Project management skills that every media professional should have |

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Build the plan Plot the most realistic course for the project  Plan includes project scope, timeline, and budget Identifying the right tools for the job Assemble the team:  Project team will vary with the scope & functions  Find specialists and subject matter experts for each task Assign tasks Provide team with clear definition of specific tasks & timelines every  Collaborate with both internal and external team members Leading the team  Checking on individual status updates,  Identifying and clearing roadblocks,  Negotiating disagreements Keeping team morale high Providing training and mentoring Documentation

A Comprehensive Understanding of the Role of a Project Manager | Invensis  Learning

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According to the Project Management Institute a methodology is defined as: ‘A system of practices, techniques, procedures, and rules used by those who work in a discipline’ They are essentially processes that aim to assist project managers  With guidance throughout the project Steps to take to completing the tasks.  Different methodologies have different strategies that aid in managing issues should they arise during the project’s delivery.

Waterfall methodology Agile methodology Scrum methodology Kanban methodology Scrumban methodology eXtreme programming (XP) methodology Adaptive project framework (APF) methodology Lean methodology Critical Path Method Critical Chain Project Method New Product Introduction

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According to the Project Management Body of Knowledge Guide of the PMI:   A project management life cycle consists of 5 distinct phases –  Initiation Planning  Execution  Monitoring  Closure

5 Basic Phases of Project Management
Initiation
Defi
Complete the Cha
up
guild
Completion
debw
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Create n
Set a
and
Monitoring and Controv Ill
cost
E. adt-— to n
kissflow

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The five project management process groups are: Initiating: The goal for this phase is to define the project. Planning: This phase includes developing a roadmap for everyone to follow. Executing & Monitoring: In this stage, the project team is built and deliverables are created. Project managers will monitor and measure project performance to ensure it stays on track. Closing: The project is completed, a post mortem is held, and the project is transferred to another team who will maintain it.

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A program is made up of several smaller projects dependent on each other Programs are large - and managed by a team Projects & tasks are delegated across members Functions involved in a program might include: Outlining objectives Planning execution,  Managing operations Status Reporting Programs are created when benefits of managing collectively outweigh managing projects individually Projects are generally smaller, and often come with cost, date, and resource constraints  Project goals are normally short term,  Whereas the objectives of a program are focused on a company mission or overarching goal

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What_is_a_Program_Manager_vs_a_Project_Manager_2

Sales Domain Training Fintech & PS

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