FinTech Diploma

This module introduces the evolution, context, opportunities, and challenges of FinTech. The online course offered by the University of Michigan is embedded into the program.
The module also includes an introduction to Business Model, where participants will be introduced to the business model canvas and value proposition canvas. We will then focus on how to go about business model innovation using a structured approach.

Learning Objectives:

1. Understand how finance and technology have evolved and how they are transforming finance around the world.

2. Discuss key interactions between finance and technology over time, in order to better understand the developments which are taking place today and are likely to take place in the future.

3. Consider the broad spectrum of the financial sector and its rapid change through technology with the explosion of new entrants including startups, tech firms and emerging markets.

4. Consider both the opportunities and the potential risks of FinTech in addition to the challenges it poses for policymakers.

5. Understand the Business Model concept and frameworks.

6. Understand Business Model Innovation and how to apply it using a structured approach.

This module addresses the digitization of finance and investment as well as the development of alternative finance and investment mechanisms, including P2P lending, crowdfunding, and initial coin offerings (ICOs).

Learning Objectives:

1. Understand digital transformation of traditional securities and investment markets over the past 30 years.

2. Consider major forms of technology impacting finance today.

3. Analyze the evolution of major forms of alternative finance, including P2P, marketplace lending, crowdfunding and initial coin offerings (ICOs).

4. Learn about new business models, particularly, the impact of technology firms entering into finance.

5. Discuss the emergence of FinTechs, Big Techs and the implications for financial sector.

This module addresses regulatory considerations and approaches in the context of FinTech. It highlights the core regulatory objectives and the relationship between post-2008 financial regulatory reform process and FinTech. It focuses on the concept of RegTech (regulatory technology) and the RegTech ecosystem comprising financial institutions, startups, and regulators.

It focuses on the concept of RegTech (regulatory technology) and the RegTech ecosystem comprising financial institutions, startups, and regulators. The module also introduces "Smart Regulation" as the redesigning of financial infrastructure and regulatory systems based on new technologies, including Big Data, Cloud, AI and Blockchain.

Learning Objectives:

1. Understand major financial policy and regulatory objectives and their implications for FinTech.

2. Understand what RegTech is, how it came about, and why it is useful.

3. Gain basic understanding of the main technologies and concepts underlying RegTech.

4. Have an overview of challenges affecting RegTech innovation and adoption, as well as possible ways to overcome them.

5. Understand RegTech segments and the scope and characteristics of each segment.

6. Understand specific use cases and be able to discuss concrete application cases of RegTech.

This module discusses data, data regulation, and data security. It focuses on the opportunities as well as the risks and challenges arising from the process of digitization and datafication in finance.

Learning Objectives:

1. Understand the role of data in financial services.

2. Understand the role of AI and Big data analytics.

3. Learn about IT Infrastructure for FinTech.

4. Learn about Python for FinTech.

5. Consider various approaches to data protection and privacy.

6. Comprehend the challenges of digitization and datafication, particularly cyber security and technological risk.

This module takes participants on a journey from the ideation phase through go-to-market, providing the mindset, knowledge set, and toolset needed to launch a FinTech product.

Learning Objectives:

• Design thinking for problem design

• Solution design

• Market analysis

• Product strategy

• Go-to-market strategy

This is an experiential learning opportunity for participants, not only to apply the key concepts they have learned, but also to receive coaching and advice from subject matter experts. The capstone is a team project which provides a social learning component in addition to experiential learning.