FinTech Ideathon, Lecture 14 of FinTech

Slides I used at FinTech - Financial Innovation and the Internet, Graduate School of Business and Finance, Waseda University, on January 17, 2020.

Transcript

1. Manifesto of Futurism. Lecture 14 : FinTech Ideathon FinTech — Financial Innovation and the Internet 2019 Fall Kenji Saito Professor, Graduate School of Business and Finance, Waseda University ks91@aoni.waseda.jp Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.1/24
2. The lecture slides can be found at : https://speakerdeck.com/ks91 Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.2/24
3. Schedule (provisional) Lecture 1 9/27 Overview of FinTech (1) • Lecture 2 10/4 Overview of FinTech (2) • Lecture 3 10/11 Internet Technology and Governance (1) • Lecture 4 10/18 Internet Technology and Governance (2) • Lecture 5 10/25 The World of Apps (1) • Lecture 6 11/8 The World of Apps (2) • Lecture 7 11/15 Blockchain (1) • Lecture 8 11/22 Blockchain (2) • Lecture 9 11/29 Blockchain (3) and Smart Contracts • Lecture 10 12/6 Smart Contracts • Lecture 11 12/13 Other Ledger Technology and Applications (1) • Lecture 12 12/20 Other Ledger Technology and Applications (2) • Lecture 13 1/10 Cyber-Physical Society and Future of Finance • Lecture 14 1/17 FinTech Ideathon • Lecture 15 1/24 Presentations and Conclusions Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.3/24
4. Let’s talk about applied FinTech or something like that At the World Café Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.4/24
5. What We’re Going To Do Is Brainstorming The goal is to come up with a lot of ideas Especially at the beginning, don’t be afraid of divergence Speak freely Take everything positively What do you want to hear (receive), and what do you want to say (contribute)? In the first place, what did you expect from this class? Let’s think for a moment Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.5/24
6. Sitting Time Are you sitting in a group (3 to 5 people)? You can make a group now! Please draw a circle in the middle of the distributed paper (big one, but small enough to draw a lot around it) We will write “broad topic” in it later At the end of the “1st round” (please remind me) Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.6/24
7. Let’s do “World Café” Who has done it before? Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.7/24
8. What’s World Caf´ e? It’s a way for people to have “dialogue” on a topic Not “discussion” or “debate” What’s the difference? Some cases involved 1,000 people in one “dialogue” I’ve facilitated one with 500 students at Keio Univ. several times It is easy, so please try it again yourselves sometime somewhere Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.8/24
9. How To Do World Caf´ e (1) 1. A small group of people (4 to 5 people) surround “table”, And talk about one theme (about 20 minutes) We call this “round” We write everything on paper Colorfully (Did you bring a color pen?) While eating sweets Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.9/24
10. How To Do World Caf´ e (2) 2. Leave one as “host”, And the rest are “travellers” who move to another table To start the next round Host is not MC or leader Nobody leads you to anything A table is a “safe place” where it is free to say anything on an equal footing At the next table, try to gather with people you have never spoken before But since this is such a small world, At least try not to be with people from the previous table Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.10/24
11. How To Do World Caf´ e (3) 3. At the beginning of the new round, “Host” will introduce what was said in the previous round, And the “travellers” will also introduce what was said at their own previous tables Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.11/24
12. How To Do World Caf´ e (4) 4. By doing this over and over again, We will “pollinate” tables with ideas from different tables While we’re all talking about one big theme In today’s World Café, everyone will return to the first table in the 3rd round Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.12/24
13. World Caf´ e Etiquette Please pay attention to these : Focus on the “question for each round” Express youself positively Short, succinct talk (you can talk as many times as you want, but try to be concise every time) Listen to other people Put your ideas together Write or draw with a playful mind When I clap my hands, please stop talking and do the same If you’re in the middle of saying something, do finish it (graceful stop) That’s the signal for the end of the round Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.13/24
14. Let’s Get Started We start with 3 to 6 people sitting at “table” Keep wide space on the desk Don’t put your notebooks or laptop computers on the desk Please write your memo on paper, and share them with everyone else It’s OK to have just one computer open for research, but you can make research with your smartphones anyway Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.14/24
15. Theme and Host Theme : Applying FinTech to international aviation business w/ some imaginary technology that solves challenges of blockchain, if you like Identify “host” (a person who stays at the table) “Host” is not MC or leader “Hosts” also have opportunities to learn from other tables Can you decide without using “rock-paper-scissors” or kind of “lottery”? Exercise dialogue Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.15/24
16. Round 1 (20min.) Present a lot of challenges of the current international aviation business Write them down as you think Question for this round : What’s troubling you or other people (what’s the pain) about the international aviation business? International aviation business = international airports and everything that happens beyond them At the end of the round, please write “rough topic (problem)” that you would like to continue talking about Hopefully it’s a problem that can be solved with FinTech Focus on question / Proactively talk about your thoughts / Talk short and simple / Listen to others / Connect ideas / Write or draw more and more Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.16/24
17. “Travellers”, move to another table Try not to sit with people from the previous table Try to sit with someone you’ve never talked to before Each table should have 3 to 6 people Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.17/24
18. Round 2 (20min.) Please share thoughts from the previous round in the first 5min. or so Everyone tells what happened at the previous table It is OK if you tell the most impressive part This round is to obtain core idea Write them down as you think Question for this round : First, let’s take a look at the topic in the circle How do you solve the problem using FinTech? Focus on question / Proactively talk about your thoughts / Talk short and simple / Listen to others / Connect ideas / Write or draw more and more Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.18/24
19. “Travellers”, move back To the first table Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.19/24
20. Round 3 (20min.) Please share thoughts from the previous round in the first 5min. or so Everyone tells what happened at the previous table It is OK if you tell the most impressive part This round is to try to summarize “our FinTech application” Question for this round : Again, what is the core idea for the application How can people get involved in that application? How do you motivate and organize people? MOI (Motivation, Organization, Idea) model for making social changes by G.M. Weinberg Focus on question / Proactively talk about your thoughts / Talk short and simple / Listen to others / Connect ideas / Write or draw more and more Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.20/24
21. Summary Write your “take-out” in the empty space on the paper (3min.) Please write “take-out” as a marker Whether it’s what you get, or it’s homework for yourselves Please take a photo with your smartphone and take it out I will collect the paper There is an assignment based on ideas from today Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.21/24
22. Assignment Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.22/24
23. Exercise 8. “Ideathon LT” Next week, we will do “Ideathon Lightning Talks" Based on what we talked about in this “FinTech Ideathon”, please prepare a presentation material (1 page PDF file; no cover) to present ideas for applying FinTech to international aviation business There will be 1min. presentation time for each group Notes Just one representative of the group should submit the material Please put the group name and the names of the members in your presentation material Deadline and how to submit January 23, 2020 at 17:59 JST From Course N@vi Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.23/24
24. See You Next Week! Next week : presentations and conclusions Lecture 14 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2019 Fall — 2020-01-17 – p.24/24