Financial technology in the living room. Generated by Stable Diffusion XL Beta FinTech — Financial Innovation and the Internet 2023 Fall Lecture 13 : FinTech Ideathon Kenji Saito, Graduate School of Business and Finance, Waseda University Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.1/28

This class is recorded Using Zoom The recordings could be used for research on (online) learning Transcribed for use and anonymized Will let you know when the necessity arises Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.2/28

The lecture slides can be found at : https://speakerdeck.com/ks91/collections/fintech-2023-fall Trial automatic transcription for lectures will be posted at Discord Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.3/28

Schedule (no longer provisional) Lecture 1 10/6 Overview of FinTech (1) • Lecture 2 10/13 Overview of FinTech (2) • Lecture 3 10/20 Internet Technology and Governance (1) • Lecture 4 10/27 Internet Technology and Governance (2) on-demand • Lecture 5 11/10 The World of Apps (1) • Lecture 6 11/17 The World of Apps (2) • Lecture 7 11/24 Basics of Cryptography and Blockchain • Lecture 8 12/1 Blockchain • Lecture 9 12/8 Blockchain Continued • Lecture 10 12/15 Blockchain and Smart Contracts • Lecture 11 12/22 Smart Contracts (w/ Demo) • Lecture 12 1/12 Cyber-Physical Society and Future of Finance • Lecture 13 1/19 FinTech Ideathon • Lecture 14 1/26 Presentations and Conclusions Online presence is possible but not recommended for non-online lectures for interactivity reasons Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.4/28

Last Week, We Did. . . Assignment Review Cyber-physical Society and Future of Finance Assignment Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.5/28

World Café to Organize Your FinTech Business Idea Here is the question : “Please summarize your surprising idea for leveraging generative AI for FinTech apps” This includes all technologies related to money and/or its substitutes Examples : payments, assets, loans, funding, insurance and capital market Remember that generative AI is now multimodal : it can both input and output textual, visual, and auditory information, and even smell, taste, touch, balance and positions · In fact, any sensor information can be input and used as an alternative information source Feel free to use the outcomes in your presentations next week (Remember to acknowledge any notable contributions from others) Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.6/28

What We’re Going To Do Is Like Brainstorming Better to come up with a lot of ideas Especially at the beginning, don’t be afraid of divergence Speak freely Take everything positively Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.7/28

Let’s do “World Café” Who has done it before? Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.8/28

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 between “debate” and “dialogue”? For the same action or behavior A, “You lose if you A” vs. “You waste your time if you don’t A” What’s A? Some cases involved 1,000 people in one “dialogue” I’ve facilitated ones with 500 undergraduate students several times I am still experimenting with ways to implement it with online tools It’s always fun to experiment and make challenges World Café is easy, so please try it again yourselves sometime somewhere There is a reference at the near end of the slides Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.9/28

How To Do World Caf´ e (1) 1. A small group of people (4 or 5) surround “table” (this time physical neighborhood) And talk about one theme (this time about 15∼20 minutes) We call this “round” We can write and draw anything on paper (this time miro whiteboard) Colorfully (use your favorite colors) While eating sweets, if you would like (but this is a classroom, so . . . ) Don’t erase whatever you wrote or drew, and keep them as a part of the dialogue process The board can be used very widely! Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.10/28

How To Do World Caf´ e (2) 2. After a round, leave one member on the table as “host”, And the rest are “travelers” 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 At least try not to be with people from the previous table Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.11/28

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 “travelers” will also introduce what was said at their own previous tables Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.12/28

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 4th round Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.13/28

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 The end of the round is non-destructive (graceful stop) If you’re in the middle of saying something, do finish it (In a physical world café (it is), the facilitator would start clapping, and everyone claps to end the round, for example) Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.14/28

Let’s Get Started Keep your desktop organized You only use miro And of course, do your research on the web (use your external memory!) You may also want to consult with ChatGPT But don’t ask it what you don’t know Please write your notes in miro and share them in the table So that everyone will be able to see the notes Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.15/28

Theme and Host Theme : “A surprising idea for leveraging generative AI for FinTech apps” Your idea needs to be surprising Think about the business around one or more smart phone apps Identify “host” (a person who stays at the table) when you start “Host” is not MC or leader (everyone is equal) Hosts also have opportunities to learn from other tables As travelers come and go Decide without using rock-paper-scissors or other methods that introduce randomness Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.16/28

Round 1 (18min.) This is a round to think about the pains of people First, briefly introduce yourselves if you have to Decide on the host Then write or draw as you think about the question for the round Use the board corresponding to the table number listed in the class Discord or QR codes on the projector screens Question for this round : What are the pains? (What are the problems and why are they problems?) You may want to talk about specific situations where you carry your phones (can be anywhere) Focus on question / Proactively talk about your thoughts / Talk short and simple / Listen to others / Connect ideas / Write or draw more and more Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.17/28

“Travelers”, move to another table You shouldn’t be sitting with the people from the first table Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.18/28

Round 2 (18min.) Please share thoughts from the previous round in the first 5min. or so First, briefly introduce yourselves if you have to Everyone tells what happened at the previous table It is OK if you just tell the most impressive part In this round, you apply your FinTech and generative AI ideas to ease the pains Question for this round : What is the specific pain you want to ease? (please pick one) How do you ease the pain using your FinTech and generative AI ideas? What would be the obstacles to applying the ideas? Focus on question / Proactively talk about your thoughts / Talk short and simple / Listen to others / Connect ideas / Write or draw more and more Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.19/28

“Travelers”, move to another table You shouldn’t be sitting with the people from the first table Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.20/28

Round 3 (18min.) Please share thoughts from the previous round in the first 5min. or so First, briefly introduce yourselves if you have to Everyone tells what happened at the previous table It is OK if you just tell the most impressive part In this round, you apply your FinTech and generative AI ideas to ease the pains You continue with different people Question for this round : How do you ease the pain using your FinTech and generative AI ideas? What would be the obstacles to applying the ideas? Focus on question / Proactively talk about your thoughts / Talk short and simple / Listen to others / Connect ideas / Write or draw more and more Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.21/28

“Travelers”, move back Go to the first table you were in Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.22/28

Round 4 (18min.) It’s a reunion with old friends 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 just tell the most impressive part This round is to try to summarize your business ideas Question for this round : Again, what is the core FinTech and AI idea to ease the pain? How can people get involved in its implementation? How do you motivate and organize people? MOI (Motivation, Organization, Idea) model for making any 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 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.23/28

Summary Round (10min.) Let’s share some outcomes and some of your thoughts Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.24/28

Well Done! Did you pollinate good ideas? Reference: http://www.theworldcafe.com/key-concepts-resources/world-cafe-method/ Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.25/28

Assignment Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.26/28

Assignment 7. “Your Presentation Material” Upload a presentation file you will be using for the next class Theme : your surprising idea for leveraging generative AI for FinTech apps It will be a one-minute pitch and quick questions, and therefore. . . It must contain just one horizontal page (include your name) Each student or group will have a 3-minute slot including Q & A If you are working in a group, each person should upload the same file Saito will combine all slides into one PDF file and operate the page flip Deadline and how to submit Janurary 25, 2024 at 17:59 JST From Moodle (mandatory) Optionally, you can also post to #assignments channel at Discord Preferred file format is PDF (horizontal) Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.27/28

See You Next Week Have a nice weekend! Lecture 13 : FinTech Ideathon — FinTech — Financial Innovation and the Internet 2023 Fall — 2024-01-19 – p.28/28