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From start-ups in California, New York, London, Europe, the Middle East, Asia and Africa, entrepreneurs are applying their creativity and technical ingenuity all along the financial services value chain.

This wave of innovation promises a revolution in the production and consumption of financial services. Aptly combining the words “financial” and “technology” the FinTech revolution promises changes that will democratize financial services.

The FinTech revolution holds much promise.. Expected benefits include;

  • Consumers who will get more choice, better-targeted services and keener pricing.
  • Small and medium sized businesses who will get access to new credit.
  • Banks that will become more productive, with lower transaction costs, greater capital efficiency and stronger operational resilience.
  • The financial system itself that will become more resilient with greater diversity, redundancy and depth.
  • New forms of currency (like Bitcoin) that will change the way we think of and use money.
  • And most fundamentally, financial services that will be more inclusive; with people better connected, more informed and increasingly empowered.

Because of its seemingly vast and varied scope FinTech is not really understood by many in the real world, whether they be business executives, managers or staff (who fail to understand what technology can do) or technologists themselves (who may have scant knowledge of the practical needs/problems of business and finance).

This three part course is a primer to understanding FinTech in all its forms and guises.

In Part 1 we take a high level view of the FinTech world; the financial services value chain, FinTech’s definition, concept, scope and terminology. 

Course Series

This course is included in the following series:

3 CoursesUnderstanding FinTech

  1. Understanding FinTech – Part 1 (FinTech Basics)
  2. Understanding FinTech – Part 2 (Financial Service Functions & Innovation Clusters)
  3. Understanding FinTech – Part 3 (Blockchain, Bitcoin & Other Cryptocurrencies)

Learning Objectives

  • Discover the financial value chain and how FinTech is affecting it.
  • Identify the different functions that FinTech interacts with.
  • Explore the range of innovative new services that FinTech is fostering.

3 Reviews (13 ratings)Reviews

5
Member's Profile
Great introduction to FinTech. Had a good explanation of terms and what the function of each type of Fintech is. This is a good course for anyone wondering what all the hype is about.
3
Member's Profile
block chain & bitcoin, info was good; also the coverage of world wide stats on how countries bank
4
Member's Profile
In depth look at the different components making up the FinTech industry.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  17:19Introduction to Understanding FinTech - Part 1
  6:16FinTech & Public Policy
  13:11Potential Impact of FinTech on Financial Stability
  7:32How FinTech can Change the World
  4:07FinTech's Scope
  8:13FinTech Terminology
  5:19FinTech's Ecosystems
  1:25Course Wrap-Up
CONTINUOUS PLAY
  1:03:21Understanding FinTech - Part 1
SUPPORTING MATERIALS
  PDFSlides: Understanding FinTech – Part 1 (FinTech Basics)
  PDFUnderstanding FinTech – Part 1 (FinTech Basics) Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM