Product Innovations for Banking and Financial Services

The entire banking and financial services industry is undergoing drastic change. Innovation in technology increased regulations, and expansion of digital channels have integrated to present a challenging time for the banking and finance industry. In this environment of change, companies will need to adapt to rapidly changing events on the ground or they will find themselves left behind in the increasing niche market positions.

Tremendous innovation is happening across the world. Whether it is the advent of the ‘peer to peer’ financial services, startups that use the power of 340 million tweets each day to predict movements in the stock market or designing wealth management platforms that are indistinguishable from social media, the nature of banks and financial services products are rapidly changing and evolving in profound ways that we are now only beginning to understand. There are additional challenges beyond simply introducing a competitive product to the market. The requirements for innovation and due regard for the customer experience means that now, more than ever, product development means developing an end-to-end customer experience, not just the product. And the impact of new technologies, in particular social media and mobile technology, are profoundly redefining the form and function of financial services products, as well as redefining what it means to be truly innovative.

Salvo Global’s masterclass considers product development for banking and financial services companies in the light of the increasingly disruptive forces that are reshaping the global financial services landscape. This course will help delegates adapt and tailor their product in this rapidly changing market. They will be capable of tackling the challenge of new technologies, economic uncertainties, an increase of completion, and demanding customers by introducing proven key product management concepts and strategies that can only be acquired by attending this masterclass.

Top Learning Objectives

  • Discover best practices in the product development process
  • Analyze the design of the product development process and identify fundamental problems
  • Understand the key skills required to be an effective financial services product developer
  • Consider the importance of innovation in today’s disrupted financial services and business environment
  • Recognize the importance of incorporating an ‘end to end’ customer experience and the impact of the product life cycle when developing products
  • Master examples of leading-edge financial services products – fintech/insuretech – from around the globe
  • Learn how to harness the principles and practices of risk management to improve your product development process and outcomes
  • Comprehend the crucial role of the ‘front end of innovation’ as the starting point for bringing successful products to market
  • Practice the innovations in financial services products with your fellow attendees

Who Should Attend?

This workshop is designed for Sr. Vice Presidents, Vice Presidents, General Managers, Heads of Departments, Managers and Senior Executives directly responsible for:

  • Product Development
  • Product Marketing
  • Pricing & Distribution Management
  • SME Banking
  • Consumer Marketing
  • Retail Banking
  • Islamic Banking
  • Retail Credit
  • Cards & Wealth Management
  • Insurance Product Management
  • Life Insurance Product
  • Non-Life Insurance Product
  • Key Account Management
  • Strategic Planning
  • Commercial Marketing
  • Sales and Marketing
  • Corporate Planning
  • Market Research
  • Business Management
  • Revenue Management
  • Market & Business R&D
  • Research Units

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