Entrepreneurs and intrapreneurs sound like they are exactly the same. Though they both live with the same pulse that is native to innovators, the former spurts out of one’s drive to capitalise on an untapped opportunity in the market, while the latter drives innovation and new ideas internally, within an organisation.

To help get a better picture of the roles taken on by these trailblazers, read on! 

You may even discover that you are configured to be exactly like one of the two, if not both.

What is an Intrapreneur?

From the Post-It note to the Sony PlayStation – these legendary products have all been the brainchild of inventive employees who were bursting with entrepreneurial energy and who’s organisations embraced intrapreneurial culture. This essentially forms the crux of what an intrapreneur is. 

To define the concept, an intrapreneur is an employee who is delegated an innovative project or comes up with a new idea independently to work on, within the safe realm of their existing organisation. This immediately takes away the risk that would otherwise be creeping up behind a traditional entrepreneur striving to reach the heights of success. But this does not come without a price. With lower risks as a benefit, intrapreneurs trade-off the outsized rewards that an entrepreneur may have the opportunity to reap.

While intrapreneurship gives ambitious employees the latitude to spread their wings and fly, it does so within the terms of the organisation, yielding the benefits of innovation and creativity within the company. All-in-all inculcating intrapreneurship into corporate culture creates a win-win situation for employees and the company that hosts them as well.

Examples of some successful intrapreneurs are:

• Justin Rosenstein, the inventor of the Facebook ‘Like’ button.
• Paul Buchheit, who’s intrapreneurial mind conceived Gmail by independently working on building the initial version of the tool.

What is an Entrepreneur?

On the contrary, an entrepreneur can be defined as an individual striving to satisfy his itch for creativity and innovation by starting a new venture. This is achieved by developing a business plan and aiming to kick it off with relatively limited resources. The entrepreneur does so while harbouring higher risks (like his/her financial security, career or capital), but also gaining higher rewards that come along with building an enterprise. The new business is founded on the basis of a unique product or service that doesn’t imitate an existing business model.

While entrepreneurship can be seen as risky, it gives entrepreneurs the autonomy to build what they believe in while also factoring in greater rewards that could significantly multiply profitability.

Examples of some successful entrepreneurs are:

• Whitney Wolfe, the founder of Bumble, a dating app created for women by women.
• Kevin Systrom and Mike Krieger, the builders of the social media giant Instagram.

What are the Similarities between Intrapreneurs and Entrepreneurs?

While intrapreneurs and entrepreneurs are born out of completely different circumstances they both are driven by a mission to innovate. This is why there are some prominent similarities between the two like:

• Leadership
• Adaptability
• Intelligence 

Leadership

It goes without saying that to build anything revolutionary you need the leadership skills to inspire and guide your team so your idea can see the light of day in the form of a winning product, service or radical change in the company. Strong leadership thus, forms the essence of both intrapreneurs and entrepreneurs.

Adaptability

Both intrapreneurs and entrepreneurs will often fall back when unseen complexities and obstacles are hurled at them. But the one thing that will help them stand their ground is ‘resilience’. As the Oxford dictionary defines it, “the ability of a substance or object to spring back into shape”. That’s exactly what these innovators need to have running in their blood, no matter how thorough or impeccable their plans and strategies may be.

Intelligence

Intelligence is another trait shared by intrapreneurs and entrepreneurs. To be able to effectively garner success, one must have the ability to identify and evaluate the opportunity that can be capitalized on, while also having the sensibility to know what tools and skills would be needed to effectively execute a project and reach a goal. By knowing how to combine business acumen with a strong passion is what makes intrapreneurs and entrepreneurs truly successful.

What are the Differences between an Intrapreneur and an Entrepreneur? 

If there are such strong similarities between the two, could they really be that different? Yes! 

Let’s explore 10 differentiating elements that make intrapreneurs and an entrepreneurs who they really are:

Why is Intrapreneurship a Skill Highly Demanded Today?

Now that you have a fair idea of what intrapreneurship entails and how it can be similar to entrepreneurship in some aspects, but yet so different in others, it’s worth exploring the hype behind the skill of ‘intrapreneurship’ that has been gaining momentum over the past few months.

Today, we live in a world that is on a path of continuous metamorphosis as reinstated by the COVID-19 pandemic, that has led to the acute need to create a climate for intrapreneurship in the business world. Growing a business in this shape-shifting world necessitates businesses to embrace innovation, entrepreneurial skills and problem-solving mindsets to allow for greater adaptability and resilience. With this in mind, it comes as no surprise that Michael Page, the recruitment giant, named ‘Intrapreneurship’ as the most desired skill of 2020. 

A shift in business priorities has given rise to corporates establishing intrapreneurship as the ‘norm’ to thrive and not just survive. This growing interest in intrapreneurship only accentuates the need for employees and potential job applicants to build intrapreneurial skills that will not only be their trump card to success in business, but will instill an entrepreneurial fire that will be impossible to extinguish. 

Share this infographic with your network so they can learn too!

Are you Ready to be an Intrapreneur?

Let us help you get there! With CFTE’s course “Launching Innovative Projects in Large Banks” made for intrapreneurs. You will get the latest knowledge in the field from serial intrapreneurs themselves! So what are you waiting for, kickstart your learning journey today.

Follow us on social media for more updates!

Latest Posts

The post Intrapreneurs vs Entrepreneurs | Picking Similarities & Differences appeared first on CFTE.

If you are looking to build the skills and competencies to think like an entrepreneur or are determined to change the way you work for the better, CFTE’s Extrapreneurship programme is the perfect course for you. For those unaware of the revolutionary concept of ‘Extrapreneurship’, it is an idea that combines the best of both worlds – that of an intrapreneur and an entrepreneur. The goal of an Extrapreneur is to deliver current services or products, or to boost a certain metric, be it productivity, efficiency or profitability for a particular organisation, without the company contracting it to full-time staff. Thus, being an extrapreneur lets one jump into the boots of an interim-entrepreneur who is driven to problem solve and innovate and help organisations meet their goal. These organisations have a relatively sound foundation which also drastically reduces the risk of failure as compared to a start-up. Being an extrapreneur allows burgeoning entrepreneurs to get their feet wet, or seasoned intrapreneurs to spread their wings and fly with a higher chance of long-term sustainability.

What is CFTE’s Extrapreneurship Programme?

The Extrapreneurship programme is structured as a 8-week curriculum where participants work remotely, on a part time basis to solve a real-world problem statement set by a high-growth company. This year participants have the chance to work on a problem statement set by the tech giant, Uber. 

The programme is an amalgamation of 4 sprints: Understand, Design, Execute and Deliver. This structure allows participants to apply agile product development practices as they focus on delivering the final project. The exciting part of the programme is the opportunity to work collaboratively to strategically solve the problem, in groups of 5 that will comprise of leading professionals around the globe. Throughout the programme participants will have the support of experts from CFTE and executives from Uber to help bolster their innovative and entrepreneurial thinking.

What are the Advantages of CFTE’s Extrapreneurship Programme?

Developing an Entrepreneurial Mindset

The programme will give you exposure to unforeseen challenges and opportunities in the real world of business, providing you with the knowledge you need to build your own venture or implement new strategies in your current organisation.

Learning by Doing

You will be confronted with a real problem statement of a successful startup, Uber and expected to research, analyse, test and pitch a real solution to impact their new business model.

Mastering Innovation Frameworks

To improve the speed and quality of project delivery you will have the chance to adopt innovative work tools and methodologies like design thinking, lean startup methodology and agile frameworks.

Building a Strong Team 

You get the chance to work – intensely – with senior professionals from top institutions around the world and get access to experts from CFTE and business leaders at Uber.

A Real Challenge that will Boost your Capabilities 

You will face ambiguity, steep deadlines, a new work environment and complex business issues. The programme will give you the strength and capacities to take on the next challenge in your career.

Accessing the Latest Knowledge in the Field

This programme will help you learn how rapidly expanding technology companies analyse and later solve customer pain points.

Experiencing the Thrill of Entrepreneurship Without Leaving your Job

Since the programme is designed to be delivered on a part-time basis, you have the opportunity to think and work like an entrepreneur while keeping your job. 

How Does CFTE’s Extrapreneurship Programme Compare to other Entrepreneurship Programmes?

If you are a professional eager to get a taste of entrepreneurship, or strive to build your own venture one day, this programme beats any other entrepreneurship programme on the market. By having the opportunity to dive into the world of a high-growth company and strategically solve complex problems, you are bound to give your business mindset a reboot. In a world where collaboration is key to gaining knowledge, the Extrapreneurship programme is designed to do just this – by encouraging team building and learning. By giving you a chance to work with leading professionals worldwide and be mentored by global industry experts, you will undoubtedly leave the programme with a wealth of knowledge. All these benefits coupled with the flexibility of completing the course part-time, gives you the right balance to focus on your job while you build the skills you need for the future. 

Are you ready to be an eXtrapreneur?

Get ready to build an arsenal of skills to champion the next disruption in business with Uber. Find out what you can expect from CFTE X Uber’s eXtrapreneurship programme! 

Follow us on social media for more updates!

Latest Posts

The post Why CFTE’s eXtrapreneurship Programme is your Best Bet to Build Entrepreneurial Skills appeared first on CFTE.

#PastCOVID-19 is an event whereby 6 guest speakers will be leveraging their experience to share their knowledge and advice across 2 panels. The first panel on “Hacking Your Employability Strategy” will feature career adviser Dawn Watson,  head of Adecco’s early careers function NextGeneration, Dan Crerand, and Head of Marketing and Communications at Sceenic, Natalia Higuera. Our second panel on “Founding a Business During Recession” will feature Hult Professor of Practice Entrepreneurship & Innovation, Daniel Rukare, Hult Faculty and Research Fellow, Dr. Nikhilesh Sinha, and CFTE’s Head of Entrepreneurship, Janos Barberis. 

Whether participants are looking to find opportunities in the job market, start a business or an innovative project, or gain insights on a variety of industries, this event is a space for candidates, companies, and experts to converge and propel those goals forward.

Through this event, with the contribution of 8 student authors, and a partnership with financial newsletter The Desk, Hult and CFTE will also be releasing 8 industry-focused articles to inform participants on a variety of relevant topics, related to the crisis and the changes it is provoking. You can learn more about the articles here, and read those that catch your attention.

Event Articles:

1. “Post-COVID Cities – Opportunities arising from rethinking them” by Christina Connell

The COVID-19 pandemic has highlighted some of the inefficiencies of our cities. Moving past this crisis, cities will have to be rethought to accommodate our new normality. Remote working and all-in-one neighbourhoods will largely define how these new urban areas will look like, and will give opportunity for many businesses to prosper and help in the redefinition of our cities.

2. “COVID-19 and Entrepreneurship. A New Way Of Creating Your Business In Times Of Recession” by Adrià Serrarols Soldevila

Social innovation means re-thinking the way we measure performance, taking into account more than economic factors, to include social impact. We must understand how to use social finance for this purpose, and merge it with entrepreneurship to open up new opportunities leading to change.

3.“Development banking in times of crisis” by Minh Phung

Certain bankers and financiers are working across borders in the background to ensure that weak economies do not suffer what they must.

4. “Remote work is the new norm” by Luis Pazmiño

What is true and will probably remain true for the foreseeable future is that remote work is here to stay.

5. “Are you ready to embrace the future?” by Marisol Garfias

Seizing available entrepreneurial or work opportunities post COVID-19 will require ‘out of the box thinking’. With such an approach, we are able to acknowledge that the world has changed and thus we can take advantage of needs that arose during the pandemic.

6. “Can public infrastructure support economic recovery?” by Niklas Gaertner

Now, what are public infrastructure investments, what are its effects on employment and how can it help countries emerge from the COVID-19 crisis stronger?

7. “Multi-Latinas: Lessons from the Latin-American ‘Lost Decade’” by Fernanda Alvarez

Despite the adversities that restructured the Latin American market, the right conditions were simulated for the rise of Multi-Latinas; and their lessons are to be learnt now more than ever.

8. “How to legally evade a crisis” by Kim Ninh

COVID-19 has very effectively shed light on huge technological advances that the legal sector, unlike other sectors in the economy, have yet to take full advantage of.

With the insights provided by our panelists, the information provided by our authors, and the networking opportunity presented through CFTE’s Virtual Campus, we look forward to an exciting session. We are thrilled to have co-launched this event with Hult International Business School, and certain that it will support all participants in getting a foothold beyond the COVID-19 crisis.

For more updates, follow us on Linkedin, Facebook and Twitter.

Latest posts:

• AI Governance Is Not the Brake. It Is the Way Forward.
• UK Finance and CFTE Launch New Offering to Build AI Capability Across UK Financial Services
• Building the Human Infrastructure for the UK’s Agentic AI Economy
• Mythos Has Arrived: Why Financial Services Must Prepare for Exponential AI
• AI Governance in Finance: Why Responsible AI Is Now a Strategic Priority

The post #PastCOVID-19 – Realising New Opportunities appeared first on CFTE.

According to Jason Clay, Senior VP at WWF, extrapreneurs can be described as “change agents” that “solve problems by moving between companies, organisations and sectors, spreading ideas and solutions from one to another like bees pollinating flowers”.

It is no secret that large multinational corporations that offer “jobs for life” are quickly becoming outdated and the idea of companies keeping on tens of thousands of staff members is fast becoming obsolete. This is where extrapreneurs come in, with promises of delivering existing services offered by the mother organisation, without the company contracting it to full-time staff. However, both parties have skin in the game which works to ensure both cooperate accordingly to get the best results possible, with this structure feasible in public, private and charitable sectors.

Such organisations will lend both professional and financial resources to extrapreneurs to give them the best possible chance to succeed. In return, they will guarantee a certain level of results or change. For example, an organisation in the public sector may be under heavy pressure to reduce its workforce. Instead of expensive outsourcing, existing staff may be given an extrapreneurial arrangement which reduces cost, but also ensures that key staff will not simply be made redundant.

In addition, these extrapreneurs are also free to seek additional clients elsewhere to earn more income and make full use of their additional time and resources. This arrangement is beneficial to the company as they retain the services of staff that know the culture and organisation, while the extrapreneurs benefit from the flexibility and the safety net offered by a long-term agreement while they pursue additional clients or income. Both parties guarantee each other a minimum level of trade and guarantees, creating a win-win scenario for all.

Extrapreneurship can also transform existing companies that have deep-rooted cultures but who are looking to change perceptions. For example, the World Wildlife Fund (WWF) has begun offering adventure travel packages run by extrapreneurs, of which a portion of proceeds contributes to the conservation of the very places would-be tourists visit. While such travel goes against the original values of the WWF, there is little doubt that an extrapreneurial venture with various vendors offered the change they desired without upsetting the applecart, and at a lower cost than handling the transition themselves which would include sourcing, hiring, and training full-time staff.

Could extrapreneurship offer a more stable solution than pure entrepreneurship? The numbers would suggest so, with Shikhar Ghosh, a senior lecturer at Harvard Business School, suggesting that around 30-40% of businesses fail completely, with a staggering 80% unable to project a return on investment. If failure is to be defined as falling short of a goal, a stunning 90-95% of companies fulfil this criterion!

The safety nets that extrapreneurship provides lets established companies revamp and revise their outlook while maintaining their current targets. Problems faced by such large organisations may take too much effort to fix on their own, which is where extrapreneurs can find their niche and connect the dots between global organisations for large-scale change. This also allows burgeoning entrepreneurs to get their feet wet, or seasoned intrapreneurs to spread their wings and fly with a higher chance of long-term sustainability.

Learn more about CFTE latest Extrapreneurship programme with Uber.

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Uber, Revolut or Shift Technology.

Latest articles

• AI Governance Is Not the Brake. It Is the Way Forward.
• UK Finance and CFTE Launch New Offering to Build AI Capability Across UK Financial Services
• Building the Human Infrastructure for the UK’s Agentic AI Economy

The post What is eXtrapreneurship? appeared first on CFTE.

The framework known as experiential learning helps participants to develop an entrepreneurial mindset and a way of thinking that prioritises positive initiatives and discovery of new ways of operating. This is best demonstrated by the trend of many financial institutions and established multinational companies having dedicated innovation teams, in which an entire department is responsible for championing changes for the better.

With the fast-paced nature of Fintech today, it is important for companies to allow extrapreneurs in their midst the flexibility to make mistakes. The lessons and data learnt from these experiments help them to quickly adjust and pivot in order to make positive changes that will benefit their company in the long run. It is a key reason why many BigTech firms around the world have successfully managed to quickly establish a Fintech arm, with data being key to their efforts.

Furthermore, the practice of extrapreneurship within financial institutions will allow for easier collaboration with Fintech startups. It is a win-win situation as it mitigates the risk posed to them as there is no need to start up a new department. This also provides them the technology needed to modernise and serve their user base better, while helping startups to scale simultaneously.

The Fintech ecosystem needs extrapreneurs, or individuals that have an entrepreneurial mindset to thrive. Will you be the next one?

Join our CFTE Extrapreneurship Programme which has been created to respond to this need. The programme allows professionals to experience entrepreneurship by working on a strategic issue of high growth startups, with Revolut and Shift Technology being part of our previous programme. Applications are currently open.

Click here to read more of our leading new Extrapreneurship programme!

CFTE is the learning and innovation platform for individuals and organisations to act on the transformation of Finance. Learn how to get into Fintech, explore the exciting opportunities at Fintech startups, lead AI projects and develop your career.

CFTE develops leading online courses (Comparable to Harvard Fintech Course, Oxford Fintech programme and MIT Fintech certificate course), Experiential Learning Programmes such as Entrepreneur workshops and also animate a community of 1000 of alumni and experts.

Start with the foundations with our Fintech Foundations Programme and AI in Finance course.

Think and act like an Entrepreneur with our Extrapreneurship Programme.

Meet and get inspired at our Fintech ecosystem

Browse our Fintech Events Agenda.

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Revolut or Shift Technology.

Latest posts

• Extrapreneurship – The Future of Entrepreneurship in Fintech
• How AI is Being Used at Investment Banks – Trade Settlement
• What is eXtrapreneurship?
• How AI is Being Used at Investment Banks – Trade Processing
• Will AI Take My Job?

Next Events[MEC id=”3937″]

The post Extrapreneurship – The Future of Entrepreneurship in Fintech appeared first on CFTE.

Fintech MBA programs are also becoming more and more popular but the question on everyone’s mind is can you learn entrepreneurship? There are two camps split on this, but we firmly believe it is possible for entrepreneurship classes to bring out the businessperson in you.

Thinking like an entrepreneur

Firstly, entrepreneurs think differently to most people. Many entrepreneur classes might teach you to stay in your lane, but we think entrepreneurs should stay curious. This is especially useful in Fintech as it is a field that is rich in possibility, with many opportunities for a discerning businessman. Similarly, a narrow perspective may limit your vision, which means you could miss out on potentially life-changing openings.

Mastering your emotions

Another trait that we believe can be learnt is the ability to master your emotions. Entrepreneurs need to keep their emotions in check to be able to keep a clear mind and make wise decisions that are not influenced by feelings. In the fast-paced world of Fintech, it can be easy to get lost in all the new technology and breakthroughs. An entrepreneurial mindset will help you to filter out the excess and allow you to focus on what is truly important for your business.

Surrounding yourself with the right talent

No matter how great an entrepreneur is, he or she will need a talented team of professionals to help build and scale a business. In the world of Fintech, this is doubly important as it is key to expand quickly in order not to miss out on great opportunities. Identifying not just talented people, but key individuals that can help to build an empire, can be crucial to ensuring the survivability and longevity of any company. Attracting employees is all down to how a company is run – do it well, and top talent will be knocking on your doors to get in.

Join our CFTE Extrapreneurship Programme which has been created to respond to this need. The programme allows professionals to experience entrepreneurship by working on a strategic issue of high growth startups, with Revolut and Shift Technology being part of our previous programme. Applications are currently open.

Click here to read more of our leading new Extrapreneurship programme!

CFTE is the learning and innovation platform for individuals and organisations to act on the transformation of Finance. Learn how to get into Fintech, explore the exciting opportunities at Fintech startups, lead AI projects and develop your career.

CFTE develops leading online courses (Comparable to Harvard Fintech Course, Oxford Fintech programme and MIT Fintech certificate course), Experiential Learning Programmes such as Entrepreneur workshops and also animate a community of 1000 of alumni and experts.

Start with the foundations with our Fintech Foundations Programme and AI in Finance course.

Think and act like an Entrepreneur with our Extrapreneurship Programme.

Meet and get inspired at our Fintech ecosystem

Browse our Fintech Events Agenda.

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Revolut or Shift Technology.

Latest posts

• Extrapreneurship – The Future of Entrepreneurship in Fintech
• How AI is Being Used at Investment Banks – Trade Settlement
• What is eXtrapreneurship?
• How AI is Being Used at Investment Banks – Trade Processing
• Will AI Take My Job?

Next Events[MEC id=”3937″]

The post How Entrepreneurship Can Improve Your Fintech Prospects appeared first on CFTE.

At the top of the programme was the all-important signing of the memorandum of understanding (MOU) with BIB. CFTE’s co-founders Huy Nguyen Trieu and Tram Anh Nguyen, along with CFTE senior advisor, Tamas Haiman, were on stage to sign the agreement, alongside Gergely Fabian, the executive director of MNB (Central Bank of Hungary).

We are tremendously excited for this collaboration as it gives us a foothold in Hungary and Eastern Europe, while also achieving our aim of democratising Fintech education to all. BIB are fantastic partners for this as they are passionate about improving the quality of adult education and efficient knowledge transfer in the sector of finance. Furthermore, this partnership is in line with BIB’s goal of meeting market needs while also fulfilling the social responsibility objectives of the Central Bank of Hungary.

We also had the pleasure of hosting Eva Hegedus (CEO – Granit Bank), Aniko Szombati (Executive Director for Digitalisation and Fintech – Central Bank of Hungary), Janos Pereczes (MKB fintechlab), Stevan Bajic (Founder & CEO – Manigo), Péter Jendrolovics (Head of Retail Banking – Granit Bank), as well as Fabian at the CFTE Campus.

Szombati opened with a keynote speech highlighting the Hungarian appetite for Fintech, and how the country offers many advantages to companies in the industry, such as a favourable tax system, lower costs and easy cooperation with various institutions.

Following this was the first panel session moderated by our Head of Entrepreneurship, Janos Barberis, with Bajic and Pereczes joining Szombati onstage to discuss the Fintech opportunities in Eastern Europe, and the differences of such opportunities in Western Europe.

Hegedus then took to the stage to present her experience of running a digital bank in Hungary. A key point for their success is the increased internet penetration, leading to new initiatives such as video banking, mobile payments and more, which ultimately led to them winning more than 30 awards in the past year!

The next panel session involved Jendrolovics and Fabian, who were joined by Rupert Barksfield (Founder and COO – Pynk), to talk about the differing landscape of digital banks in Eastern Europe, moderated by CFTE co-founder Huy Nguyen Trieu.

We would also like to extend a special thank you to our speakers and visiting panellists for their engaging views and sharing throughout the event. No doubt this helped to make this special occasion a very successful one indeed.

It was a tremendous pleasure to host our wonderful guests at this event, and hope that the partnership between CFTE and BIB will bear much fruit in the coming months and years, not just in Hungary but in more parts of Eastern Europe!

Click here to read the full press release.

CFTE is the learning and innovation platform for individuals and organisations to act on the transformation of Finance. Learn how to get into Fintech, explore the exciting opportunities at Fintech startups, lead AI projects and develop your career.

CFTE develops leading online courses (Comparable to Harvard Fintech Course, Oxford Fintech programme and MIT Fintech certificate course), Experiential Learning Programmes such as Entrepreneur workshops and also animate a community of 1000 of alumni and experts.

Start with the foundations with our Fintech Foundations Programme and AI in Finance course.

Think and act like an Entrepreneur with our Extrapreneurship Programme.

Meet and get inspired at our Fintech ecosystem

Browse our Fintech Events Agenda.

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Revolut or Shift Technology.

Latest posts

• Extrapreneurship – The Future of Entrepreneurship in Fintech
• How AI is Being Used at Investment Banks – Trade Settlement
• What is eXtrapreneurship?
• How AI is Being Used at Investment Banks – Trade Processing
• Will AI Take My Job?

Next Events[MEC id=”3937″]

The post CFTE Launches Collaboration With Budapest Institute of Banking appeared first on CFTE.

Day 1

We hit the ground running on the first day! Tram Anh chaired an entire suite of sessions about AI in Finance under the theme of Transformational Technology, where several business cases for disruptive technologies in financial services were analysed and explored.

She also acted as the moderator for an engaging panel discussion titled “AI: Are We Using It Right?”, with participants including Mark Ma (Machine Learning Engineer – SAP), Dror Oren (Chief Product Officer & Co-Founder – Kasisto), Elena Alfaro (Head of Data & Open Innovation, Client Solutions – BBVA) and Devika Daga (Director of Global Partnerships & Operations – Element, Inc.) 

The key takeaway from this panel session can be best summed up in a quote from Tram Anh – “The first ones to be confused – or worried – are certainly those working in financial services.”

Another important note highlighted by Daga is the fact that AI must be trained and that it will take plenty of time, with Oren also pointing out that executives must think of what’s next tomorrow, in addition to aligning departments and optimising quickly when implementing the technology.

Later in the day, Janos’ session involved a panel discussion about successful and unsuccessful approaches to internal innovation, with Dr. Amy Neale (Vice President, Mastercard Start Path – Mastercard), Nicolas Kozakiewicz (Chief Innovation Officer – Worldline), Grzegorz Pawlicki (Head of Innovation – PKO Bank Polski) and Wincie Wong (Head of Innovation for Supply Chain Services – NatWest).

Thanks to an interesting discussion, panellists highlighted the importance of bringing diversity to thinking, keeping an open mind when exploring change within a Fintech ecosystem, and making sure products have a clear growth path when integrating them into business.

Away from the panels, we were also present for other interesting sessions at the event:

• Tram Anh announced this year’s AI in Finance Awards, a once in a lifetime opportunity for finance professionals and entrepreneurs, and potential applicants can apply here!
• CFTE contributing expert Anne Boden (Founder and CEO – Starling Bank) launched her new book “The Money Revolution” – we wish her nothing but congratulations and continued success!
• Rob Frohwein, the CEO and co-founder of Kabbage, offered advice to all entrepreneurs, urging them to understand “where your business comes from and where it is going”, while also encouraging the audience to embrace digital

Day 2

CFTE contributing experts Claire Calmejane (Chief Innovation Officer – Societe Generale) and Boden were in action at a panel discussion we caught in the morning, talking about the opportunities and challenges of banking in 2019.

It was also a busy day for Huy, first with the announcement of the “Top 50 Fintech (2014) Report: What They Have Become”, which can be downloaded here, as well as moderating a panel discussion between Nordic banks about “Tech Roadmaps in Banking” with Ville Sointu (Head of Emerging Technologies – Nordea), David Grundy (Group Head of Blockchain/DLT – Danske Bank) and Lasse Meholm (Head of Blockchain & DLT Strategy – DNB Bank).

The key takeaway from the panel session was the topic of collaboration, with Grundy emphasising that although “it’s a race to be first”, at the end of the day “technology requires collaboration” as it cannot be done alone.  

We also managed to set some time aside to catch up with Clare Joy of Onfido, regarding the upcoming event “AI in FINANCE, REGULATION and SKILLS” organised by French Tech London. Taking place on June 18, 2019 in London, this special event will see our co-founders Tram Anh and Huy take part as speakers and panellists.

Day 3

Tram Anh’s first panel session of the day was part of the Rise Up program, where she was a speaker on the topic of “Empowering Women in Leadership”. Practical ways to break the glass ceiling were discussed with Kate Adamson (Head of Mortgage – Plaid), Smriti Vicari (Head of Fintech Europe – Visa) and Sophie Jackson (Joint Publisher & Head of Strategic Content – Treasury Today Group).

The key message that Tram Anh shared was for women to seek opportunities through learning about digital finance and essential learning AI as part of enriching their skill sets. She encouraged women to take control of their path, saying that “Being a leader of the future is allowing yourself to be different, you have to adapt faster than anyone else.”

She also managed to fit another panel into her busy schedule, this time chairing a discussion by EWPN on the topic of “How AI Can Promote Gender Equality in the Financial Industry”, and was joined by Beatrice Bouju (Executive Board Member – European Women Payments Network (EWPN)) as moderator, and Shafique R Ibrahim (Group IT Head – Payment – AI Fardan Group) and Miriam Ballesteros (Head of Communications – Strands) as panellists.

Topping off her busy day, Tram Anh encouraged everyone to upskill themselves, seeking and gaining knowledge to take advantage of the burgeoning finance industry ripe with opportunity.

“The world is changing. We’re moving into an AI world and the industry that invests most in AI is financial services. It’s not hyped, it’s really happening. And we need to ensure everyone involved understands AI and no one is left behind” – Tram Anh Nguyen

Janos also had a productive day when he announced the relaunch of the successful CFTEx programme. More details will follow in due course, but it was exciting to see the reemergence of a programme which was well-received by the first cohort of participants!

We also managed to catch CFTE Academic Advisory Board Member, Ronit Ghose (Global Head of Banks Research – Citi), in action. He gave a rousing speech about building a strategy from scratch, which was well-received as evidenced by the healthy crowd in attendance!

It proved to be a wonderful three days in the presence of some of the finest and brightest minds in finance today. We intend to take what we’ve learnt and shared with the world and continue to build the Finance 2.0 community, especially with our next Extrapreneurship programme set to launch in August. It promises to be nothing short of exciting!

We’d like to extend our heartfelt thanks to the team at Money20/20 for putting on such an amazing, engaging and memorable event. We certainly enjoyed our time in Amsterdam and hope to be back for the next edition. If what we saw is anything to go by, the future of finance is very, very bright indeed.

CFTE is the learning and innovation platform for individuals and organisations to act on the transformation of Finance. Learn how to get into Fintech, explore the exciting opportunities at Fintech startups, lead AI projects and develop your career.

CFTE develops leading online courses (Comparable to Harvard Fintech Course, Oxford Fintech programme and MIT Fintech certificate course), Experiential Learning Programmes such as Entrepreneur workshops and also animate a community of 1000 of alumni and experts.

Start with the foundations with our Fintech Foundations Programme and AI in Finance course.

Think and act like an Entrepreneur with our Extrapreneurship Programme.

Meet and get inspired at our Fintech ecosystem

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Revolut or Shift Technology.

Latest posts

• Extrapreneurship – The Future of Entrepreneurship in Fintech
• How AI is Being Used at Investment Banks – Trade Settlement
• What is eXtrapreneurship?
• How AI is Being Used at Investment Banks – Trade Processing
• Will AI Take My Job?

Next Events[MEC id=”3937″]

The post CFTE at Money20/20 Europe appeared first on CFTE.

The short answer is yes. FinTech is impacting every single vertical and divisions in the finance industry. Be it investment banking, capital markets, compliance or sales, no one is immune from this pending disruption. Last year, FinTech accounted for 33% of revenue in financial services according to Accenture, and it’s a safe bet to assume that this figure will continue to increase year-on-year.

It’s Important to Know How It Works

The idea of FinTech or AI in finance is to make life easier, both for people within the industry as well as customers. However, there’s currently a big gap in the market for individuals with the right skills needed for FinTech. As the technology automates the tedious jobs, the high-level execution such as strategic planning is left to humans. Without the right qualifications and understanding of FinTech and AI, it will soon become impossible to remain relevant.

For example, AI can be used to report and analyse huge amounts of data collected. However, it will be left to humans to interpret the data or determine what it is used for. Without understanding FinTech, this data cannot be utilised properly. This is just one example of how it is imperative to understand the technology to be able to execute accordingly.

Many Jobs Will Be Created

Global FinTech investment hit a record US$111.8 bil in 2018. It’s no surprise that recruitment is going to use up much of these funds. Jobs in FinTech startups are going to increase exponentially and these roles are likely to be given to those with the best FinTech qualifications. Without a solid FinTech education, you’re likely to be trailing the pack.

Banks and many other financial institutions are already looking to upskill their employees via various online FinTech courses to prepare for the future. If industry stalwarts are already getting ready for the FinTech revolution, why shouldn’t you?

The FinTech Foundation Course by CFTE is designed to help build your Fintech knowledge in just 8 hours with the help of leading academics and industry leaders, and boasts a community of thousands of alumni and experts.

Click the button below to learn more about the course.

CFTE is the learning and innovation platform for individuals and organisations to act on the transformation of Finance. Learn how to get into Fintech, explore the exciting opportunities at Fintech startups, lead AI projects and develop your career.

CFTE develops leading online courses (Comparable to Harvard Fintech Course, Oxford Fintech programme and MIT Fintech certificate course), Experiential Learning Programmes such as Entrepreneur workshops and also animate a community of 1000 of alumni and experts.

Start with the foundations with our Fintech Foundations Programme and AI in Finance course.

Think and act like an Entrepreneur with our Extrapreneurship Programme.

Meet and get inspired at our Fintech ecosystem

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Revolut or Shift Technology.

Latest posts

• Extrapreneurship – The Future of Entrepreneurship in Fintech
• How AI is Being Used at Investment Banks – Trade Settlement
• What is eXtrapreneurship?
• How AI is Being Used at Investment Banks – Trade Processing
• Will AI Take My Job?

Next Events[MEC id=”3937″]

The post Is Upskilling Vital to Stay Relevant in the Finance Industry? appeared first on CFTE.

For current and future bankers, or anyone with an interest in the finance industry, the landscape is changing fast. The characteristics of an entrepreneur are becoming more relevant than ever in this field. Not everyone needs to be an entrepreneur, but everyone needs to have an entrepreneurial mindset.

This is essential whether you run your own business or innovate in a large organisation. Apart from streamlining processes, the entrepreneurial mindset can help your career progression. In short, this is the vision to strategise and execute in a faster, smarter and more flexible way. Instead of being tied down by protocol and best practices, vision often changes things for the better.

For example, adopting an entrepreneurial mindset means bankers may need to adjust their default mindset. Most will have experience of rigid processes that have not changed for decades, and will not see any reason to change. This can lead to complacency, which results in a lack of change or innovation – typical of many banks in today’s world. There needs to be an urgency to improve and experiment with new ideas. In turn, it will quickly isolate successful processes and tangible improvements while also highlighting inefficiencies.

Similarly, creativity and problem-solving are key skills that bankers will need to thrive as an entrepreneur. Although many organisations keep an eye for CVs that describe “out-of-the-box” thinkers, they often prefer individuals that they can mould to think and take their approach to dealing with problems. When it comes to innovation, limiting thinking and possibilities to a single funnel is a recipe for disaster.

We fully believe that bankers (or anyone for that matter!) can learn how to have an entrepreneurial mindset, and the CFTE Extrapreneurship Programme has been created to respond to this need. The programme allows professionals to experience entrepreneurship by working on a strategic issue of high growth startups (inaugural edition starting on 13 May 2019 with Revolut and Shift Technology).

To read more of our leading new Extrapreneurship programme, please click on the button below!

CFTE is the learning and innovation platform for individuals and organisations to act on the transformation of Finance. Learn how to get into Fintech, explore the exciting opportunities at Fintech startups, lead AI projects and develop your career.

CFTE develops leading online courses (Comparable to Harvard Fintech Course, Oxford Fintech programme and MIT Fintech certificate course), Experiential Learning Programmes such as Entrepreneur workshops and also animate a community of 1000 of alumni and experts.

Start with the foundations with our Fintech Foundations Programme and AI in Finance course.

Think and act like an Entrepreneur with our Extrapreneurship Programme.

Meet and get inspired at our Fintech ecosystem

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Revolut or Shift Technology.

Latest posts

• Extrapreneurship – The Future of Entrepreneurship in Fintech
• How AI is Being Used at Investment Banks – Trade Settlement
• What is eXtrapreneurship?
• How AI is Being Used at Investment Banks – Trade Processing
• Will AI Take My Job?

Next Events[MEC id=”3937″]

The post Can a Banker be an Entrepreneur? appeared first on CFTE.