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THE DIGITAL FINANCE ECOSYSTEM - Coggle Diagram
THE DIGITAL FINANCE
ECOSYSTEM
PART A: DIGITAL FINANCE LANDSCAPE
1.1 TECHNOLOGICAL EVOLUTION
THE TRANSFORMATION OF ACCOUNTING AND FINANCE
CREATING A FUTURE-READY FINANCE FUNCTION
THE NETWORK AGE
1.2 IMPACT OF TECHNOLOGY ON THE DIGITAL
FINANCE LANDSCAPE
ANALYSING THE DIGITAL FINANCE LANDSCAPE USING THE
DIGITAL FINANCE CUBE
ANALYSING DRIVERS OF INNOVATION USING THE
TEN TYPES FRAMEWORK
1.3 IMPACT OF TECHNOLOGY ON BANKING/
FINANCIAL MARKETS
HOW FUNDS FLOW THROUGH THE TRADITIONAL
FINANCIAL SYSTEM
A CHANGING LANDSCAPE
A NEW MODEL OF INNOVATION — WORKING TOGETHER
OPEN BANKING AND OPEN MARKETPLACES
PART B: DIGITAL FINANCE ECOSYSTEM
1.4 DIGITAL ECOSYSTEM
DIGITAL ECOSYSTEM COMPONENTS
THE CHARACTERISTICS OF A DIGITAL ECOSYSTEM
HOW DIGITAL ECOSYSTEMS CREATE AND DELIVER VALUE
EVALUATING A DIGITAL ECOSYSTEM
1.5 DIGITAL FINANCIAL SERVICES ECOSYSTEM
GOALS OF DIGITAL FINANCIAL SERVICES
REQUIREMENTS FOR A DIGITAL FINANCIAL
SERVICES ECOSYSTEM
ISSUES AND CHALLENGES IN THE DFS ECOSYSTEM
1.6 THE PAYMENTS ECOSYSTEM
PART C: FINTECH (INNOVATIONS)
1.7 FINTECH IN BUSINESS
THE SCOPE OF FINTECH
FINTECH VS TRADITIONAL FINANCIAL SERVICES
STRATEGIC ISSUES IN THE FINTECH SECTOR
1.8 CURRENT USE OF FINTECH BY ACCOUNTING
AND FINANCE PROFESSIONALS
FINTECH INNOVATIONS IN RETAIL
Pay Later
Open Banking
Mobile Point-of-Sale
Cross-Border Payments
Checkoutless Stores
Lessons for Accountants
INNOVATION INCENTIVES IN THE FINANCIAL
SERVICES SECTOR
Profitability
Basic Necessity
Regulation
Legacy Systems with Hope of Innovation
Equity
Evolving Preferences
1.9 INNOVATION THINKING IN FINTECH
WEALTH MANAGEMENT
PAYMENTS
FINANCIAL MARKETS
P2P Lending
SME Finance
Invoice Financing
Product Crowdfunding and Crowdfunded Equity
APIs, Cloud and Open Accounting
Neobanking
EMERGING FINTECH
Edge Computing
Decentralised Finance
AI and Robo-advice
INNOVATION ROADBLOCKS
INNOVATION OPPORTUNITIES
PART D: DIGITAL TRANSFORMATION
1.10 ORGANISATIONAL STRATEGY
STRATEGIC MANAGEMENT PROCESSES
STRATEGIC MANAGEMENT ENVIRONMENTS AND GOALS
1.11 DIGITAL TRANSFORMATION STRATEGIES
WHAT IS A DIGITAL TRANSFORMATION STRATEGY?
DIGITAL TRANSFORMATION METHODOLOGY
Opportunity Assessment
To‐Be Enterprise Model
Mobilisation
Design
Test
Customer Engagement
Transition
Ongoing Evaluation and Improvement
DIGITAL TRANSFORMATION IN ACTION
VALUE DRIVERS
Creating Value through Digital Transformation
Operational Efficiency
Time to Market
Product Innovation
Quality
1.12 HOW DIGITAL TRANSFORMATION STRATEGY
CAN HELP ACHIEVE AN ORGANISATION’S GOALS
BENEFITS OF DIGITAL TRANSFORMATION
WHY MOST COMPANIES STRUGGLE TO INNOVATE
THE ROLE OF ACCOUNTING AND FINANCE PROFESSIONALS
IN DIGITAL TRANSFORMATION
Getting Started
The CFO
Access to Data
Involvement in Day-to-Day Operations
An Understanding of Data Interpretation
Combining Soft Skills with Technological Solutions
The Management Accountant
The Financial Accountant
General Employees and Digital Transformation
METHODS AND PRACTICES
KEEPING PACE IN A FAST-MOVING WORLD
Cloud Computing, Big Data and Analytics
Internet of Things
METHODS AND PRACTICES
TECHNOLOGIES AND ARCHITECTURES
FINANCIAL INNOVATION IN ORGANISATIONS — LOCKING IN
THE BENEFITS