Introduction to FinTech

 

About this course

Over the past decade emerging technologies, paired with massive changes in regulations, have driven an unprecedented transformation of finance around the world. This process is happening more rapidly in China and Asia than anywhere else. This course is designed to explore FinTech fundamentals and help make sense of this wave of change as it happens.

New players such as start-ups and technology firms are challenging traditional players in finance, bringing democratization, inclusion and disruption. Companies engaged in social media, e-commerce, and telecommunications, as well as, companies and start-ups with large customer data pools, creative energies, and technical capacities, have brought competition to the existing financial infrastructure and are remaking the industry.

These transformations have not only created challenges but also unprecedented opportunities, building synergies with new business and regulatory models, particularly in emerging markets and developing countries. To meet these changes, 21st-century professionals and students must be equipped with up-to-date knowledge of the industry and its incredible evolution. This course – designed by HKU with the support of SuperCharger and the Centre for Finance, Technology and Education – is designed to enable learners with the necessary tools to understand the complex interaction of finance, technology and regulation.

In this course, through a series of video lectures, case studies, and assessments you will explore the major areas of FinTech including, beginning with What is FinTech before turning to Money, Payment and Emerging Technologies, Digital Finance and Alternative Finance, FinTech Regulation and RegTech, Data and Security, and the Future of Data Driven Finance, as well as, the core technologies driving FinTech including Blockchain, AI and Big Data. These will set the stage for understanding the FinTech landscape and ecosystem and grappling with the potential direction of future change.

 

What you’ll learn

  • The major areas in FinTech, including Money and Payment, Digital Finance and Alternative Finance
  • Major technological trends, including cryptocurrencies, Blockchain, AI and Big Data
  • FinTech Regulation and RegTech
  • The fundamental role of Data and Security in data-driven finance
  • Business and regulatory implications of technology for the financial industry
  • How regulations and RegTech are applied
  • Ways to analyse and evaluate what is driving technology innovation in Finance
  • How new technology impacts economies, markets, companies, and individuals

 

Welcome and Course Administration

  • Welcome to Introduction to FinTech
  • Where Are You From?
  • Course Syllabus, Assessment and Grading Criteria
  • Entrance Survey – Let Us Know More About You
  • Technical Issues
  • Navigating edX Platform

What is FinTech?

  • 1.1 Welcome to Module 1
  • 1.2 FinTech Transformation
  • 1.3 FinTech Evolution 1.0: Infrastructure
  • 1.4 FinTech Evolution 2.0: Banks
  • 1.5 FinTech Evolution 3.0 & 3.5: Startups & Emerging Markets
  • Quick Check This content is graded
  • Industry Showcase: Collaboration between Financial Institutions and Startups (The FinTech Association of Hong Kong
  • 1.6 FinTech Typology
  • 1.7 Emerging Economics: Opportunities and Challenges
  • 1.8 From Too-Small-To-Care to Too-Big-To-Fail
  • 1.9 Introduction to Regulation
  • Industry Showcase: The Future of RegTech and Six Technologies Impacting It (Thomson Reuters)
  • Module 1 Conclusion Quiz
  • Word Cloud Activity
  • Additional Resource Insights

Module 2 Payment, Cryptocurrencies and Blockchain

  • 2.1 Module 2 Introduction
  • 2.2 Individual Payment
  • 2.3 Developing Countries and DFS: The Story of Mobile Money
  • 2.4 Developing Countries and DFS: Regulation of Mobile Money
  • 2.5 RTGS System
  • 2.6 The ABCDs of Alternative Finance (Parts 1 & 2)
  • 2.7 Building A New Stack
  • 2.8 Cryptocurrencies
  • Industry Showcase: Legal and Regulatory Implications of Cryptocurrencies (King & Wood Mallesons)
  • 2.9 What is Blockchain?
  • Industry Showcase: The Benefits from New Payment Stacks – Applications of Ripple for Standard Chartered Bank
  • Module 2 Conclusion Quiz
  • Word Cloud Activity
  • Additional Resource Insights

Module 3 Alternative Finance

  • 3.1 Module 3 Introduction
  • 3.2 A Brief History of Financial Innovation
  • 3.3 Digitization of Financial Services
  • 3.4 FinTech & Funds
  • Industry Showcase: How AI is Transforming the Future of FinTech (Microsoft)
  • Industry Showcase: Ensuring Compliance from the Start: Suitability and Funds (Investment Navigator)
  • 3.5 Crowdfunding – Regards, Charity and Equity
  • 3.6 P2P and Marketplace Lending
  • 3.7 The Rise of Chinese TechFins – New Models and New Products
  • 3.8 ICOs
  • Module 3 Conclusion Quiz
  • Word Cloud Activity
  • Additional Resource Insights
  • Mid Point-Message from Course Director Douglas Arner

Module 4 FinTech Regulation and RegTech

  • 4.1 Module 4 Introduction
  • 4.2 FinTech Regulation (Parts 1 & 2)
  • 4.3 Evolution of RegTech
  • 4.4 RegTech Ecosystem: Financial Institutions
  • 4.5 RegTech Ecosystem: Startups
  • 4.6 RegTech Startups: Challenges
  • 4.7 RegTech Ecosystem: Regulators
  • Industry Showcase: The Application of AI in Smart Regulation (An Interview with John Craig from Mindbridge)
  • 4.8 Regulatory Sandboxes
  • 4.9 Smart Regulation
  • 4.10 Redesigning Financial Infrastructure: India Stack
  • Module 4 Conclusion Quiz
  • Polling
  • Additional Resource Insights

Module 5 Data & TechFin

  • 5.1 Module 5 Introduction
  • 5.2 History of Data Regulation
  • 5.3 Data in Financial Services
  • Industry Showcase: Application of Data Analytics in Finance (vPhrase)
  • 5.4 European Big-Bang: PSD2 / GDPR / Mifid2
  • Industry Showcase: Methods of Data Protection: GDPR Compliance and Personal Privacy (Exate Technology)
  • 5.5 Digital Identity
  • 5.6 Change in mindset: Regulation 1.0 to 2.0 (KYC to KYD)
  • 5.7 AI and Governance
  • 5.8 New Challenges of AI and Machine Learning
  • 5.9 Data, Metadata and Differential Privacy
  • 5.10 Data is the New Oil: Risk of Breach
  • Industry Showcase: Cybersecurity Industry Update (Microsoft)
  • Module 5 Conclusion Quiz
  • Conclusion Quiz This content is graded
  • Additional Resource Insights

Module 6 The Future of Data-Driven Finance

  • 6.1 Module 6 Introduction
  • 6.2 Case Study 1: Revolut
  • 6.3 Case Study 2: Alibaba
  • 6.4 Case Study 3: Aadhaar
  • 6.5 Case Study 4: Credit Karma
  • 6.6 Case Study 5: Digibank
  • 6.7 Conclusion to Case Studies
  • 6.8 FinTech Big Trends – Looking Forward
  • Module 6 Conclusion Quiz
  • Additional Resource Insights
  • Exit Survey – Tell Us Your Feedback
  • End-of-Course Message from Course Director Douglas Arner
  • Printing Course Certificate Instructions

 

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