Disrupting Finance with Digital Technologies

The financial sector has recently undergone many advances, which has had an immense influence on both consumers and regulations. To cope with consistently low-interest rates, low credit growth, and ever-growing retail competition from FinTechs, banks, especially traditional ones, have to adjust their business models to guarantee profitability. On the other hand, Fintech was suffering from the absence of a reputable brand and a customer base, inadequate access to capital markets, and, last but not least, a lack of knowledge about customers in general.

As the COVID-19 pandemic has probably put us on the deepest global recession of our lifetime, disruption in the banking sector has long passed its experimental point. Moreover, it is precipitating the arrival of new digital alternatives that are more agile, resilient, and secure. These new technologies are also favoured by giving customised solutions to emerging problems like social distancing and governments' regulations.

Overview

The Madrid summer school will prepare anyone who wants to work or lead an initiative in the FinTech sector, taking an approach to the opportunities within the future projection of this industry. The program will investigate the level at which FinTech and its repercussion in society harm the stability and learn the latest developments and advances in the industry.

There will be different courses, visiting start-ups, and pitching. The program will start by building different teams under the supervision of the coaches and mentors. The companies that are participating in this program will present various case studies. Participants will learn how to write a business plan for their cases and will be pitching at the end of the programme. The program will offer a start-kit with all the information needed beforehand.

The summer school will take place at EIT Digital’s Madrid location centre. Accommodation will be provided in Madrid's city and during the weekend, a trip to one of the most beautiful sites in Spain will be organised, allowing participants to see the fascinating Spanish history and enjoy traditional food.

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Accommodation

Accommodation can be provided by the following hotels where other Summer School attendees will be hosted:

Local school organisers will provide you with all support and info you may need.

Marta Mazzi ‘I participated to the EIT Digital Summer School in "Healthy Lifestyle and Behavioural Changes" (online edition). It was a pleasure to work on the case study regarding childhood obesity together with my teammates Przemysław Lewandowski, Marta Bertran Ferrer, Juba Saadi, Juta Jaama and Juan Álvarez Fernández del Vallado. We worked hard together coming up with a winning solution: Lola the Carmanyola: a smart lunchbox targeted toward children connected to an application to be installed on the parent's smartphone. A big thank you to our mentors and tutors Ákos R. Wetters and Peter Langela which helped and supported us all along our journey.’

Rafael Muñoz Gómez – ‘Very glad to have participated in the EIT Digital 2020 Rennes Summer School - Unleashing the power of circular city data. It was a really unique online learning experience. I am very grateful for all the effort made by the people from the University of Rennes 1 and EIT Digital. Special thanks to Alvaro Pina Stranger and all the mentors: Alberto Tejero Lopez, Maud Serpin, Aude Castan, Francois Huber, Serdar DrZero and Véronique TRUB.’

Vinko Mlačić – ‘It has been a month since I attended the EIT Digital Summer School hosted by Universidad Politécnica de Madrid, "Disrupting Finance with Digital Technologies". We received valuable lectures on digital finance from industry experts. My team and I had the task to adapt online and mobile banking for the elderly. I would like to thank the coach team (Alessandro T. and Balazs Horvath) that helped us immensely with the I&E work and for their efforts to keep the atmosphere light and fun with social activities. Although the format was remote, the organisers did an excellent job at giving us the best possible experience. I am very happy to have met so many interesting people! All in all, a great experience.’

Léo Vuylsteker – ‘I have attended the EIT Digital and University of Rennes 1's online Summer School on "Unleashing the Power of Circular City Data". For me, this was a great social and learning adventure that has now, unfortunatelly, come to an end. But i take this opportunity to thank again Université de Rennes 1 and EIT Digital for organising it and offering us a very good educational experience!’

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