FIN4265
Foundations of Financial Technology
Financial Technology (FinTech) is constantly evolving and transforming the way modern businesses operate. This course will provide students first with an in-depth understanding of FinTech and its role in disrupting traditional financial services. Students will also learn of the accelerated growth and significant role of Peer-to-Peer (P2P) in revolutionizing financial services, such as commercial, investment banking, credit and lending, individual banking, digital payments, financial advising, and insurance. The course will cover artificial intelligence, blockchain, retail and wholesale central banking digital currency, cryptocurrency, fungible and non-fungible tokens, and the drawbacks of mining. The course will address the adoption and implications of financial technology on social and economic development ecosystems.
PREREQUISITE: None
AQUIRED SKILLS:
- Examining blockchain and distributed ledger technology.
- Understanding financial banking, markets, instruments, and regulation.
- Evaluating complex problems using critical thinking and innovative skills.
- Adapting to changing technology and compliance.
COURSE COMPETENCIES:
UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:
- Understanding evolutionary developments and their impact on the financial services industries.
- Describing the technologies underlying cryptocurrencies and blockchains.
- Understanding the impact of FinTech on traditional banking and developments in payments, digital banking, alternative lending, and P2P technologies.
- Understanding crowdfunding and its impact on investment banking and entrepreneurial financing.
- Understanding InsurTech and innovations in the insurance industry.
- Engaging in the process of FinTech innovation.
- Evaluating the Evolution of Bitcoin and its challenges.
- Evaluating the evolution, adoption and challenges of the Central Bank Digital Currency (CBDC).
- Assessing the social and economic developmental impact of Bitcoin and Crypto mining on developing nations.
- Evaluating the impact of Financial Technology on the economic and social developments of developing nations.
- Evaluating the impact of regulation on the financial technology sector.
- Distinguishing and describing the differences between blockchain, stablecoins, cryptocurrencies, and CBDCs.
- Explaining how data can be used in the financial services industry.
- Analyzing the impact of new forms of capital access in disrupting traditional financial institutions.
- Utilizing Artificial Intelligence (AI) to analyze, discern, review and provide potential solutions to FinTech challenges and opportunities.