How to innovate in finance? Start with the Oxford Fintech programme.


  Huy completes elite lineup for the Oxford Fintech Programme Oxford Said Business School is launching their first online Fintech courses, and we're very proud that our own Co-founder, Huy Nguyen Trieu, will lead the module on innovation in finance. He'll be in very impressive company, the other instructors are: Peter Tufano - the Dean of Oxford Said. David Shrier - MIT's futurist who also led the very successful MIT Fintech courses. Nir Vulkan - associate Professor of Business Economics at Saïd Business School and a leading authority on e-commerce and market design. Alex Pentland - a Professor at the Massachusetts Institute of Technology and advisor to the Tencent Research Foundation and the Government of Estonia. Huy's Innovation Module Huy will teach about one of his favourite topics: innovation in finance, and how Fintech startups, banks and tech giants are rapidly transforming the finance industry, the challenges and opportunities from this…

CFTE Newsletter 19th August – 26th August


This week's must read Fintech news... Out of the box thinking for digital transformation “You must transform your business to adapt to digital” “Your IT systems are out dated” “Your processes can cope with today's fluid environment”   No, these are not statements my dad says to me in utter disappointment but more akin to what the top brass at banks all over the world must hear on a day-to-day basis. Well, Rabobank, the Dutch multinational bank that services the food industry, has taken a rather novel approach to address digital transformation – they’ve built a real life model representation of the bank!...See for yourself here.   England v Germany We all know who won the 1966 World Cup but how do the two countries stack up when it comes to Fintech? CBI has some Insights to share with us…Right here.   Is Facebook about to monetise WhatsApp?! Facebook’s flagship messaging platform, WhatsApp, has 1.2bn users…

CFTE Newsletter 5th August – 12th August


Fintech Readings Crowdsourcing AI Algorithms. Beautiful. There’s a new kind of hedge fund on the market and its powered by AI. Numerai, based out of San Francisco, is on a mission to liberalise trading on Wall Street. It launched last year and aims to crowd source market movements. The process: data scientists are given an encrypted financial data, they then analyse this data and produce models that best predict stock market movements. The data scientists that produce the winning models are rewarded with Bitcoin or cash. Numerai’s business model is definitive of the disruption that the finance industry is undergoing. Utilising a new technology in an innovative way, in this case, using a platform model to crowd source the actual technology that executes the trade. The caveat, the data scientists don’t even know its financial data! Genius... Click here to read full story The Bank of PayPal  Earlier this year, PayPal’s reported it’s lending…

How banks can innovate in an age of Fintech disruption


The sheer speed of technological innovation has upended the way companies operate from across multiple industries. The eruption of digital technologies and its supporting infrastructure has enabled the spectacular growth of technology giants such as Amazon, Facebook, Apple, and Google et al. Specifically, they have leveraged the power of the platform business model to cast a web so wide that it has fragmented traditional linear value chains and created new value from open ecosystems. Companies founded on the concept of the platform have a fundamentally different business model from traditional service providers. For example, Airbnb is the largest hospitality provider in the world yet has no physical assets. This platform model not only allows new entrants to scale faster but also allows them to innovate faster by being more agile and responsive to market needs. Finance disrupted Enabler technologies like cloud computing, Big Data and APIs are providing entrepreneurs with…

CFTE working with MAS to help ASEAN finance professionals acquire the skills of Finance 2.0


CFTE working to partner with Singapore's financial regulatory body, MAS, with the intention to establish its first international education hub in Singapore.   The Centre for Finance, Technology and Entrepreneurship (CFTE) has signalled its intention today to set up its first international hub in Singapore. CFTE has been working closely with the Monetary Authority of Singapore (MAS) to formalise plans to expand CFTE’s education initiative to ASEAN. The objective is to train finance professionals in technology-related skills to help them transition to a world of digital finance, both in Singapore and in the ASEAN region.   Tram Anh Nguyen, CFTE’s Co-founder, said:  "I strongly believe that in a world dominated by technology, people must remain at the centre of society and organisations, and that education and training are key to help individuals adapt to a fast changing world. Singapore and MAS have a very comprehensive strategy about human capital and we are…

CFTE Newsletter – 29th July to 5th August


Expert Analysis   Author: Huy Nguyen Trieu (aka Fintech Sensei) The Headline Kabbage raises $250m from Softbank Breaking it down Kabbage is one of the pioneers of automated lending to SMEs. Instead of relying on manual processes, Kabbage uses real-time data about SMEs (e.g. their Amazon sales figures, their Paypal payment data, their UPS shipping data, even their Facebook client rating) to build automated credit scores. Kabbage continues to grow strongly, and after having received funding from Santander, ING and others last year, just received an additional $250m from Softbank – showing that there is still a lot of investor interest in Fintech. Wrapping it up Companies like Kabbage are not necessarily well-known by the general public, but started the very important trend of automated lending, which is now becoming widespread. Although Kabbage is not profitable yet, it continues to grow, attracts clients, and raises large amounts of funding. There are many companies…

CFTE Newsletter – 22nd July to 29th July


Fintech detectives, CBI Insights, on the mark again  CBI Insights, the tech market intelligence supremo’s released their Global Fintech Report for Q2, which made for very interesting reading. $5.2bn raised in Q2, taking the years total to over $8bn and on track to beat 2016’s high of $13.5bn+ 5 new Fintechs join the unicorn (aka startups with $1bn+ valuations) club in Q2 meaning there are now 26 globally. 500 startups (who we share our offices with) is still the biggest investor in global Fintech companies Proxy war between Asia's tech giants is bubbling nicely Didi Chuxing, the company that ousted Uber from the Chinese ride-sharing market, and Japan’s Softbank have invested $2.5bn in Singapore’s Grab, another ride-sharing startup. Grab dominates the market in SE Asia along with Go-Jek, its Indonesian based competitor – who received funding from another Chinese tech giant, Tencent. Both offer payment services to their network of users. It's this kind of…

CFTE Newsletter – 17th July to 22nd July


Curated stories from our weekly newsletter Arm yourself with some Fintech knowledge... 1. Technology represents significant opportunities for finance professionals if they are proactive about upskilling – this is a message we’ve been preaching for some time – but we’re not alone! – By Quartz…..click here to read more   2. Here at CFTE, we like to talk about the opportunity for FinTech to provide basic financial services to the unbanked. There’s money in it too you know. About $380bn. This lovely infographic explains all – By Visual Capitalist…..click here to read more  3. Wealth management startup, Betterment’s latest funding round value’s the company at $800m, sending out a strong signal to traditional players that it’s a business model that’s here to stay. Although they do have some competition on their hands – By Bloomberg Markets…..click here to read more 4.  Singapore is positioning itself to be a global hub for Fintech, its regulatory…

Fintech Knowledge – 26th June to 31st June


If you've joined via the email newsletter, welcome back! If you're joining us after browsing our lovely blog then this segment is a continuation of our weekly newsletter where we share our thought on some of the week's top stories. The newsletter provides weekly updates on what we've been up to and if you're interested in receiving these updates, then sign up at the bottom of the page. Curated Stories CFTE is in the News! It's been about a month since our launch and we're already in the FT! Sorry to gloat, but this feat is too good no to broadcast to the world. Laura Noonan, FT’s smart cat banking correspondent spoke to Huy and Tram Anh about their ambitions for CFTE. It’s a great piece which really sums up what we’re all about. So if you’re still unclear about what CFTE stands for then read the full article here.…

CFTE announces additional board members from Citi, HSBC, Ping An and Teach On Mars


We are very happy and proud to announce that 4 exceptional people are joining our boards: - Ronit Ghose, Global Head of Bank Research at Citi - Christophe Chazot, Global Head of Innovation at HSBC (on sabbatical) - Ericson Chan, CEO of Ping An Technology - Vincent Desnot, CEO of Teach On Mars. This is being announced at Money 20/20 in Copenhagen, where our co-founders are also making the news: they are the first couple ever to be both speakers at the largest Fintech event in Europe. Huy has already spoken today (about core banking technologies), while Tram Anh will speak twice on Wednesday (about the jobs of tomorrow in finance and on financial inclusion). Ronit, Christophe, Ericson and Vincent are joining the 7 other board members, Christophe and Vincent on the academic board, and Ronit and Ericson on the advisory board. Welcome to all of them! You can find the full press release here If…