FinTech and the Transformation in Financial Services
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FinTech and the Transformation in Financial Services
This course is part of Digital Transformation in Financial Services Specialization
Instructors: Jonas Hedman
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There are 5 modules in this course
The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes it is creating a revolution. After completion of the module, you'll be able to: describe the changes that influence the financial sector, understand the complexity of the payment infrastructure, identify and explain the key payment instruments and how they function, understand the types of money that exits, and recognize changes in the regulatory frameworks and how they inhibit or promote innovation.
To begin, I recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click Course Content to see what material weβll cover each week, as well preview the assignments youβll need to complete to pass the course. Click Discussions to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the Meet and Greet forum! This course should take about four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments youβll complete each week. By the time you finish this course, youβll have mastered mastered the transformational forces of digitalization and the new competitive dynamics it gives rise to, learned from leading financial companies and seen inspirational examples from the digital masters. Good luck as you get started. I look forward to seeing you in class!
The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes it is creating a revolution. To begin, we recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click 'Course Content' to see what material we will cover each week, as well preview the assignments you will need to complete. Click 'Discussions' to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the 'Meet and Greet' forum! This course should take four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments you will complete each week. After completion of the course, you'll be able to: describe the changes that influence the financial sector, understand the complexity of the payment infrastructure, identify and explain the key payment instruments and how they function, understand the types of money that exits, and recognize changes in the regulatory frameworks and how they inhibit or promote innovation.
What's included
1 video1 reading1 discussion prompt
1 videoβ’Total 3 minutes
- Introductionβ’3 minutes
1 readingβ’Total 6 minutes
- Prerequisites for taking the courseβ’6 minutes
1 discussion promptβ’Total 10 minutes
- Why FinTech?β’10 minutes
In this module, we begin exploring FinTech. We start off by get to know Fintech, by looking into six different FinTech domains, followed by FinTech as an area of investments. Then we dig into the technologies of FinTech, before we look at the regulatory changes that transforms the industry. After completion of the module, you will be able to: summarize the domains of FinTech; describe the FinTech market and make arguments for what the sector is emerging; outline the Financial technologies and how the are transforming the market; give examples of how regulations influence the FinTech market
What's included
5 videos13 readings8 assignments1 discussion prompt
5 videosβ’Total 18 minutes
- Introductionβ’1 minute
- The domains of FinTechβ’6 minutes
- Fintech investmentsβ’3 minutes
- Fintech Technologiesβ’2 minutes
- Regulatory Changesβ’7 minutes
13 readingsβ’Total 115 minutes
- Disclaimerβ’4 minutes
- The Global Fintech Landscapeβ’8 minutes
- Investments in FinTechβ’9 minutes
- The Business of Paymentsβ’9 minutes
- Cloud Computingβ’12 minutes
- Blockchainβ’13 minutes
- Roboadvisorβ’9 minutes
- Introduction to the readingsβ’1 minute
- KYC (Know Your Customer)β’10 minutes
- SEPA (Single Euro Payments Area)β’10 minutes
- PSD2 (Payment Service Directive 2)β’10 minutes
- Data protection (eIDAS)β’10 minutes
- White washing, Laundering, and Anti-Terroristβ’10 minutes
8 assignmentsβ’Total 240 minutes
- The domains of FinTechβ’30 minutes
- Fintech market quizβ’30 minutes
- FinTech technology quizβ’30 minutes
- KYC quizβ’30 minutes
- SEPA quizβ’30 minutes
- PSD2 quizβ’30 minutes
- White washing questionβ’30 minutes
- FinTechβ’30 minutes
1 discussion promptβ’Total 10 minutes
- Regulatory Experienceβ’10 minutes
At the heart of the Fintech revolution you will find money and payments. It makes the world go around. In this module, we will learn about money and its history, difference between central bank money and bank money, different payment instruments, and finally how payment instruments are used in contemporary payment methods.
What's included
5 videos12 readings5 assignments2 discussion prompts
5 videosβ’Total 21 minutes
- Introductionβ’1 minute
- History of moneyβ’5 minutes
- Moneyβ’4 minutes
- Payment instrumentsβ’6 minutes
- Contemporary Payment Methodsβ’4 minutes
12 readingsβ’Total 100 minutes
- A World Dependent On Moneyβ’6 minutes
- What is Moneyβ’5 minutes
- Creation of Moneyβ’9 minutes
- Cryptocurrenciesβ’8 minutes
- Cashless Societyβ’10 minutes
- Payment Cardsβ’10 minutes
- Account Transfersβ’10 minutes
- M-Pesaβ’9 minutes
- MobilePayβ’11 minutes
- Apple Payβ’2 minutes
- Payment Solutions the Merchant Optionβ’10 minutes
- Contactless Paymentsβ’10 minutes
5 assignmentsβ’Total 150 minutes
- Trust moneyβ’30 minutes
- Money quizβ’30 minutes
- Payment quizβ’30 minutes
- Mobile Payments quizβ’30 minutes
- Money Makes the World go Aroundβ’30 minutes
2 discussion promptsβ’Total 17 minutes
- Cost of Payingβ’7 minutes
- Mobile payments in useβ’10 minutes
Money has several roles, including a medium of exchange, i.e. as a payment. In this module, we focus on the complex digital platforms or eco-systems that surrounds payments. We this from four different perspectives or level of analysis, including bank level, national level, and cross border level. However, first we shall look into the payment process.
What's included
5 videos6 readings4 assignments
5 videosβ’Total 15 minutes
- Introductionβ’0 minutes
- Payment processβ’4 minutes
- Bank payment systemsβ’3 minutes
- Interbank processingβ’4 minutes
- Correspondent bankingβ’3 minutes
6 readingsβ’Total 48 minutes
- How Should You Pay!β’10 minutes
- Payment Systemsβ’9 minutes
- Interbanking in USA and Europeβ’12 minutes
- SWIFT Networkβ’8 minutes
- Western Unionβ’2 minutes
- Herstatt Riskβ’7 minutes
4 assignmentsβ’Total 120 minutes
- Payment processβ’30 minutes
- Interbank quizβ’30 minutes
- Cross border paymentsβ’30 minutes
- Pain of payingβ’30 minutes
The digital transformation is radically transforming the financial services as we used to know them and new areas and domains emerge. In this module, we are focusing on three areas. First, we look at P2P lending, then crowdfunding, before we conclude with open banking.
What's included
3 videos8 readings6 assignments1 discussion prompt
3 videosβ’Total 6 minutes
- Introductionβ’1 minute
- P2P Lendingβ’3 minutes
- Crowdfundingβ’3 minutes
8 readingsβ’Total 74 minutes
- Detailed Analysis: P2P Lending Platformsβ’5 minutes
- The future of P2P lendingβ’15 minutes
- Crowd Businessβ’5 minutes
- Saving Butterflyβ’5 minutes
- Introduction to the readingsβ’10 minutes
- Banking in the Futureβ’11 minutes
- 13 Predictions for Bankingβ’8 minutes
- Open Bankingβ’15 minutes
6 assignmentsβ’Total 180 minutes
- P2P lending quizβ’30 minutes
- Crowdfunding quizβ’30 minutes
- Future quizβ’30 minutes
- 13 directions for the futureβ’30 minutes
- Open banking quizβ’30 minutes
- Alternative Financingβ’30 minutes
1 discussion promptβ’Total 10 minutes
- Crowdfundingβ’10 minutes
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Reviewed on Jun 30, 2020
Some parts of the lecture were inaudible/incoherent. At times the exams would be laggy. But overall, it was a great experience
Reviewed on Apr 25, 2020
Content is great, its for everyone who wants to grasp knowledge in fintech area. This is the course you can go for it and transform and implement by learning this course.
Reviewed on Jun 14, 2020
Excellent course on fintech - gives you a good overview of the industry and you can branch out from here to deeper areas that interest you.
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