FinTech, short for financial technology, is a rapidly growing field that combines finance and technology to create innovative products and services that make financial transactions more efficient, secure, and accessible. This course will cover the basics of FinTech including the history and current state of the industry, the various types of FinTech companies and products, and the impact of FinTech on traditional financial institutions and consumers.
Course Methodology
This course uses real-life stories and examples from international business models as well as a variety of case studies, interactive exercises, and videos to develop the right knowledge and skills needed for professional career development and personal entrepreneurial growth.
Course Objectives
By the end of the course, participants will be able to:
Describe the history of FinTech and how it has evolved over time
Outline the impact of FinTech on traditional financial institutions such as banks, credit card companies, and insurance providers
Recognize FinTech applications in money transfers, payment processing, digital wallets and crowdfunding platforms
Describe the role played by blockchain and cryptocurrencies in FinTech
List major trends in the FinTech world
Target Audience
This course is aimed at professionals from both the private and public sector who are seeking a foundational course on the latest developments and technologies in FinTech.
Target Competencies
Understanding impact of Fintech
Gaining knowledge of FinTech products and services
Analyzing FinTech maturity in organizations
Building knowledge of FinTech regulations
Grasping trends and developments in FinTech
Evaluating FinTech investments
Course Outline
Evolution of FinTech
Definition of FinTech
Evolution of FinTech through history
FinTech terminologies and applications
Relevance of big data, machine leaning, Artificial Intelligence (AI), Web3, and the Internet of Things (IoT)
FinTech in key financial services
FinTech applications: Banks, capital markets, and insurance
Robo-advisory disruptors
Trading and investment platforms
Client risk assessment, fund selection and financial planning simulations
The line separating humans and machines
Telematics, wearables, and smartphones in insurance
Big data and privacy
FinTech applications: Payment/money transfers, banking, and lending institutions
Innovation in payment and transfer ecosystem
Innovation in fund-raising
Pain points addressed by FinTech
Global banks adoption of FinTech
Neo bank disruption
Credit risk assessment and big data
P2P lending
Cryptocurrencies and the financial world
Money and its evolution through time
Creation of bitcoin: Utility and allure
Fundraising through ICOs and DeFi ecosystem
Regulating cryptocurrencies
Social, economic, and political impacts of cryptocurrencies
The future of FinTech
Millennials and GenZ expectations
Impact on business, country, industry, and world domination
Emerging markets overperforming in FinTech adoption
Smart phone technology and its impact on FinTech adoption