The major areas in FinTech, includingMoney 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
Businessand 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
Hownew technology impacts economies, markets, companies,and individuals
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.
Module 1 What is FinTech?
FinTech Evolution 1.0: Infrastructure
FinTech Evolution 2.0: Banks
FinTech Evolution 3.0 & 3.5: Startups and Emerging Markets
Industry Showcase: Collaboration between Financial Institutions and Startups
Emerging Economics: Opportunities and Challenges
From too-Small-To-Care to Too-Big-To-Fail
Introduction to Regulation
Industry Showcase: The Future of RegTech and 6 Technologies Impacting It
Module 2 Payments, Cryptocurrencies and Blockchain
Developing Countries and DFS: The Story of Mobile Money
Developing Countries and DFS: Regulation of Mobile Money
The ABCDs of Alternative Finance
Building a New stack
Industry Showcase : Legal and Regulatory Implications of Cryptocurrencies
What is Blockchain?
Industry Showcase: The Benefits from New Payment Stacks (Applications of Ripple)
Module 3 Digital Finance and Alternative Finance
A Brief History of Financial Innovation
Digitization of Financial Services
FinTech & Funds
Industry Showcase: How AI is Transforming the Future of FinTech
Industry Showcase: Ensuring Compliance from the Start: Suitability and Funds
Crowdfunding - Regards, Charity and Equity
P2P and Marketplace Lending
The Rise of Chinese TechFins - New Models and New Products
What is an ICO?
Module 4 FinTech Regulation and RegTech
Evolution of RegTech
RegTech Ecosystem: Financial Institutions
RegTech Ecosystem: Startups
RegTech Startups: Challenges
RegTech Ecosystem: Regulators
Industry Showcase: Use Case of AI in Smart Regulation and Fraud Detection
Redesigning Better Financial Infrastructure
Module 5 Data & TechFin
History of Data Regulation
Data in Financial Services
Industry Showcase : Application of Data Analytics in Finance
European Big-Bang: PSD2 / GDPR / Mifid2
Industry Showcase : PSD2: Open Banking API Will Help Startups
Industry Showcase : Methods of Data Protection: GDPR Compliance and Personal Privacy
Change in mindset: Regulation 1.0 to 2.0 (KYC to KYD)
AI & Governance
New Challenges of AI and Machine Learning
Data, Metadata and Differential Privacy
Data is the New Oil: Risk of Breach
Industry Showcase : Cybersecurity Industry Update
Module 6 The Future of Data-Driven Finance
Case Study 1: Revolut
Case Study 2: Alibaba
Case Study 3: Aadhaar
Case Study 4: Credit Karma
Case Study 5: Digibank
Conclusion to Case Studies
FinTech Big Trends - Looking Forward
Who are your teachers?
The course is taught by a team of renowned academics and practitioners in international business, finance, law and technology. Among the key instructors are Douglas Arner (Kerry Holdings Professor in Law, HKU); Janos Barberis (Founder, SuperCharger and Research Fellow, HKU); Henri Arslanian (FinTech & RegTech Lead - China and Hong Kong, PwC and Adjunct Associate Professor, HKU); Ross P Buckley (King & Wood Mallesons Chair in International Finance Law and Scientia Professor, UNSW Sydney), Huy Nguyen Trieu (CEO, Disruptive Group and Co-Founder, Centre for Finance, Technology and Entrepreneurship), and Brian Tang (Managing Director, Asia Capital Market Institute and Visiting Lecturer, HKU), with introductions to major technologies from experts at Microsoft, Standard Chartered and other industry leaders.