Digital Transformation in Financial Services
While financial services organisations have begun to embark on their digital transformation journeys, there are challenges. Legacy systems, processes, and crucially, thought leadership have significant impact on the success of transformation initiatives.
| Award Name | Special Purpose Diploma (Level 9 NFQ) |
|---|---|
| NFQ Classification | Special Purpose |
| Awarding Body | University College Dublin |
| NFQ Level | Level 9 NFQ |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Special Purpose Diploma (Level 9 NFQ) | Special Purpose | University College Dublin | Level 9 NFQ |
Duration
Duration: Varies
Delivery is online.
Entry Requirements
Students seeking admission to the MSc Pathway or its constituent programmes must possess:
An Honours degree (min H2.2, Level 8 NFQ) in business or a related discipline
or
An Honours degree (H2.2, Level 8 NFQ) in a non relevant business discipline and 3 years' relevant work experience
or
Admission many also be considered for experienced professionals who do not meet the admission requirements as set out above, where they can demonstrate knowledge through their work
Professional body membership
You must be a current member of IOB, or become a member, to undertake this programme.
Careers / Further progression
Continuous Professional Development
If you hold an IOB designation or a designation managed by IOB, CPD hours may be awarded on successful completion of this programme.
Further information
Next intake Autumn Trimester - (2024-2025 academic year)
Please note that the programme content and fees are subject to change in the 2024/2025 academic year. Any changes will be outlined in the 2024/2025 prospectus and at iob.ie in August - the start of the new academic year.
Fees
€5,280
IFS Skillnet member - €3,700*
*Funding it subject to availability
This programme has IFS Skillnet funding available for certain companies. You should check if your company has IFS Skillnet approval.
Please note funding available for modules running up until end of 2023 only, a new application will be required for modules running in 2024 if funding is available.
The availability of funding for modules in future trimesters will be confirmed in advance of their commencement.
Tax relief may be available to candidates who are paying fees in a personal capacity. Further information is available from www.revenue.ie.
Funding it subject to availability
Client and customers’ expectations and business efficiencies are the two big drivers that are dominating the digital transformation agenda. This programme is designed to give you the skills to succeed in the opportunistic environment that digital transformation presents, by enabling you to create a strategic transformation approach and to build a dynamic and agile culture in your team, unit or enterprise.
Who is it for?
This programme is relevant to all areas of the financial services sector, in particular international financial services, fund management and all areas of banking. Learners will be at managerial and leadership level or aspiring to a leadership role.
Award
When you successfully complete this programme you will be awarded a Professional Diploma in Digital Transformation in Financial Services from UCD.
This is a level 9 qualification on the National Framework of Qualifications.
Modules and learning outcomes
Strategy and Culture in a Digital Transformation Environment - (NFQ, Level 9, 10 ECTS)
Forces driving digital transformation
Technology trends
Dispelling the myths of digital transformation
Disruption and digital business models
Domains of Strategic Transformation (Customer, Competition, Data, Innovation and Value Propostion)
Innovation
Value Proposition development
Engaging the C Suite
Digital Assets and Operating Model - (NFQ Level 9, 10 ECTS)
Building blocks of a digital business
Digital 3600 - how to frame the organisational layers of digitisation
Customer centric business models
Harnessing data to support prioritsation, personalisation and operational excellence
Unwrapping agile
Establishing innovation
Evaluating the digital operating model
Developing the transformation roadmap
Understanding software development and deployment
Digital architecture blueprints
Managing digital risk
Digital skillset and learning paths
Designing and Delivering Digital Transformation - (NFQ Level 9, 10 ECTS)
Common transformation pitfalls
Managing change
Change leadership
Customising change
Transformation toolset
Data, dashboards and KPIs
Business Agility
Design thinking
Developing the business case for digital transformation
Realising the benefits
100% Continuous Assessment.
How you will benefit
On completing this, you will be expected to be able to;
Explain the theory and practice underpinning Digital Transformation and the reasons why digital technology is changing business strategy
Outline how the application of advanced analytics and cognitive technologies can drive operating efficiencies and enhance an organisation’s value proposition
Design a strategy for a radical simplification programme in a financial services organisation
Ascertain and evaluate the strategic challenges and opportunities of Digital Transformation for financial services organisations (traditional and FinTechs)
Communicate the current financial services ecosystem, to specialist and non-specialists, along with illustrating how emerging technologies impact financial services organisations
Critically reflect on your professional role and contribution to financial organisations in the context of Digital Transformation (DT) in financial services (and related sectors).
education@iob.ie
Phone: +353 (0)1 6116 500