Payments

Digital Transformation in Banking & Financial Services (U101-009)


Description

Course Overview: The Digital Transformation in Banking & Financial Services program is an interactive online course designed to equip banking and financial services professionals with the knowledge, tools, and practical skills needed to lead and support digital transformation initiatives. Participants gain a deep understanding of how digital innovation reshapes operations, customer experience, payments, technology, compliance, and product development.

Delivered via a state-of-the-art online learning platform, the program offers a flexible approach: a self-paced 30-day course with weekly live Q&A, with options for customization to suit organizational needs. The 12 modules integrate theory with hands-on exercises, case studies, scenario-based assessments, and a capstone project that allows learners to apply their knowledge to real-world banking challenges.

Target Audience:
Banking and financial services professionals, including frontline staff, operations teams, product managers, customer service agents, technology teams, and leadership.
Staff involved in payments, customer experience, digital channels, compliance, or operational transformation.
Teams tasked with designing, implementing, or managing digital initiatives, products, and services.
Professionals seeking practical skills to enhance efficiency, support innovation, and improve customer satisfaction.

Value Proposition:
The program delivers clear organisational and individual benefits:
Builds Digital Capability: Gain practical knowledge to drive digital initiatives, optimise operations, and deliver superior customer service.
Enhances Customer Experience: Map customer journeys, optimise digital channels, and implement inclusive solutions that improve adoption and satisfaction.
Strengthens Compliance & Risk Management: Regulatory frameworks, cybersecurity, and fraud prevention ensure participants can maintain compliance and protect organisational assets.
Fosters Innovation: Acquire tools to design, test, and launch new products and services aligned with strategic objectives.
Improves Operational Efficiency: Understanding payments systems, data analytics, and agile delivery enables streamlined processes, reduced errors, and higher productivity.
Drives Organisational Impact: The capstone project allows you to apply learning to real-world challenges, producing actionable solutions that support the digital transformation strategy.
Flexible Learning Experience: The mobile-friendly online platform enables you to learn at your own pace or through guided instructor-led sessions, without disrupting operations.
Certification & Recognition: Completion awards a digital certificate, validating competency and supporting professional growth.

In summary, this program equips you with the capabilities to lead digital transformation, improve customer experience, ensure compliance, foster innovation, and enhance operational efficiency, generating measurable organizational impact.

Contact Us:: info@transactconnect.co.za Average Course Durat...: 30 Hours Time for Course Comp...: 30 Days

Content
  • Course Introduction Video
  • Module 1 - Foundations of Digital Transformation
  • Learning Objectives
  • Key Terms
  • What digital transformation is (and isn’t)
  • Value levers: cost-to-serve, reach, UX, risk reduction
  • Case snapshots: mobile money ecosystems, government payments, rural access
  • Summary Module 1
  • Assessment Module 1
  • Module 2 - Strategy & Operating Model
  • Learning Objectives
  • Key Terms
  • Vision → OKRs → roadmaps
  • Centralised vs federated digital teams; product vs project
  • Partnering with MNOs, fintechs, government, and NGOs
  • Summary Module 2
  • Assessment Module 2
  • Module 3 - Customer Research & Journey Design
  • Learning Objectives
  • Key Terms
  • Personas: Rural Farmer, Migrant Worker, Market Vendor, Professionals, SME Owner
  • Journey mapping: Onboarding, KYC, Cash in/out, Bill Pay, Remittance & Disputes
  • Inclusive design: low-literacy, low-spec devices, offline/low-data modes
  • Summary Module 3
  • Assessment Module 3
  • Module 4 - Digital Channels & Experience
  • Learning Objectives
  • Key Terms
  • USSD/SMS, WhatsApp/chat, agency banking, mobile app, web banking, contact centre
  • Onboarding flows: KYC tiers, risk-based step-ups, language and accessibility
  • Notifications & consent; self-service dispute flows
  • Summary Module 4
  • Assessment Module 4
  • Module 5 - Payments & Rails Essentials
  • Learning Objectives
  • Key Terms
  • Domestic Rails Overview
  • Cards Issuing 101
  • Common Merchant Acquiring Use-Cases
  • Summary Module 5
  • Assessment Module 5
  • Module 6 - Data, Analytics & Decisioning
  • Learning Objectives
  • Key Terms
  • Data lifecycle: capture → quality → storage → access → retention
  • KPIs: adoption, activation, churn, NPS, cost-to-serve, fraud rate, recovery time
  • Intro to credit scoring signals (behavioural, transactional)
  • Summary Module 6
  • Assessment Module 6
  • Module 7 - Cybersecurity, Fraud & Digital Trust
  • Learning Objectives
  • Key Terms
  • Threats: SIM-swap, social engineering, account takeover, malware, merchant fraud
  • Controls: MFA/OTP, device binding, behavioural biometrics, limits, FRM rules
  • Incident response and messaging to customers
  • Summary Module 7
  • Assessment Module 7
  • Module 8 - Compliance by Design
  • Learning Objectives
  • Key Terms
  • Risk-based KYC tiers for digital onboarding; sanctions screening touchpoints
  • Ongoing monitoring: triggers, alerts, SARs; record-keeping in digital channels
  • Customer disclosures, consent, complaints handling, accessibility and language
  • Summary Module 8
  • Assessment Module 8
  • Module 9 - Technology & Architecture for Digital Banking
  • Learning Objectives
  • Key Terms
  • Core banking vs digital layer; APIs, microservices; integration - MNOs, switches
  • Build/partner/buy decisions; vendor due diligence; SLAs & SLOs
  • Environments, CI/CD, release management; observability basics
  • Summary Module 9
  • Assessment Module 9
  • Module 10 - Product Innovation & Digital Credit
  • Learning Objectives
  • Key Terms
  • Problem framing → hypothesis → MVP → iterate; pricing ladders and unit economics
  • Savings gamification, goal-based savings, micro-insurance add-ons
  • Digital credit 101: data sources, scorecards, collections ethics, hardship flows
  • Summary Module 10
  • Assessment Module 10
  • Module 11 - Agile, Delivery & Change Management
  • Learning Objectives
  • Key Terms
  • Agile roles (PO, SM, squad), ceremonies, backlog hygiene
  • Release trains for regulated environments; change windows; feature flags
  • Communications & enablement for frontline; “train-the-trainer” kits
  • Summary Module 11
  • Assessment Module 11
  • Module 12 - Financial Inclusion, Impact & Sustainability
  • Learning Objectives
  • Key Terms
  • Serving low-income and rural customers: fees, cash dependence, language, trust
  • Agent network health: liquidity, incentives, monitoring
  • Measuring inclusion: active accounts, women’s usage, rural penetration
  • Summary Module 12
  • Assessment Module 12
  • Course Evaluation
  • Course Evaluation
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever