FinTech Technologies I
Offered By: The University of Hong Kong via edX
Course Description
Overview
Finance and technology have a very long history of intertwined evolution, from paper money to today’s cryptocurrencies. However, in the past decade, the speed of change along with an ever-increasing range of new entrants – from startups to tech firms, from global markets to emerging markets – are transforming the world of finance at an unprecedented pace. This can be seen in fast-growing markets including China, India, Saudi Arabia, Africa, Brazil, Egypt, etc.
This interdisciplinary Professional Certificate Program in FinTech technology will increase your understanding about the core technologies that are driving FinTech today, as well as the opportunities and challenges that advanced FinTech technology and digital currency have brought to the revolutionary e-Payment landscape and critical FinTech regulatory landscape. You will learn about the security of e-Money and digital currency transactions, as well as monitoring from technological and regulatory perspectives, from prominent FinTech technology and RegTech leaders, academics and practitioners in the region and the world.
The Professional Certificate Program provides candidates a good overview on the technologies behind FinTech, digital currency, and e-payment, which will be critical components in the Web3 age. The program's three courses will help you grasp the potential opportunities, risks, and issues connected with advanced technologies, as well as, the significance of a solid technological and legal regulatory framework governing the primary technologies involved, as well as emerging business models and industry actors. The concept of "guaranteed by technology" is becoming more essential, for example, embedding regulations within a smart contract to ensure the rules are complied; in the course, we will learn how technology and legal regulations operate together.
This program is designed for those working in finance, technology, regulation or FinTech, those studying related subjects, or those just interested in learning more about one of the most exciting processes underway today. Each course brings together leading experts in FinTech from a range of backgrounds, including leading FinTech academics and researchers in FinTech technology and RegTech and industry leaders and practitioners, among others Professor SM Yiu and Professor Douglas Arner of HKU and HKU–SCF FinTech Academy, leaders from HK Standard Chartered Bank, Mox bank, Alipay and more. Over each week of each course, you will gain greater understanding of the key trends in finance, technology and regulation, to better prepare for not only the opportunities but also the risks and challenges, including to traditional financial institutions and business models and those working in them.
The University of Hong Kong is one of the world’s leading universities, with a global reputation in the areas of finance, law and technology. FinTech is one of HKU’s identified areas of strategic interdisciplinary research and teaching, and HKU offers undergraduate and postgraduate degrees in FinTech and a range of related subjects.
Verified learners who complete each course will be awarded a digital course certificate and the HKU FinTech Technologies Professional Certificate Program certificate upon successful completion of the three courses in the program.
Syllabus
Course 1: FinTech Technologies
Learn the top FinTech technologies that are transforming today’s world of finance and technology.
Course 2: Digital Currency
Discover the technologies underlying the future of money.
Course 3: E-Payment
Master the technologies behind e-payment systems and learn about their security mechanisms.
Courses
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What is this course about?
In this course, we will look at the advanced technologies that are driving FinTech forward.
FinTech is not only a major strategic focus in the banking and finance industry around the world. The fast-moving FinTech technologies also create opportunities and pose challenges to global financial institutions, large tech giants, techfins, retailers and other global companies and the legal and compliance sectors. Besides technology innovations and R&D in FinTech, nurturing FinTech talents and attracting students and professionals to the FinTech arena is very important.
In this MOOC, we will discuss six advanced technologies that drive transformation in the finance and technology industries today from a layman’s perspective. The contents will focus on how these technologies are used in FinTech applications including, artificial intelligence (AI), machine learning (ML), natural language processing (NLP) and big data analytics in daily scenarios such as insurtech, robo-advisory, intelligent transport monitoring, applications in green finance, as well as, blockchain and distributed ledger technology in banking and DeFi. The course will also discuss the technologies and practical impacts of the much talked about Central Bank Digital Currencies (CBDCs) and cyber security. And last but not least, we will learn about the critical roles of RegTech and SupTech in strengthening compliance and enhancing the efficiencies of financial institutions in the FinTech ecosystem.
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Our world is witnessing a revolutionary change in the way we perceive money and the way we conduct financial transactions. Numerous prominent cities around the world have adopted digital currency. But what is digital currency exactly? How does it function? And most importantly, how can we guarantee its security for global users?
Would Cryptocurrency, Central Bank Digital Currency (CBDC), and Stablecoins constitute the future of money? CBDC is the digital form of a country's central-bank-issued fiat currency; however, only eleven countries have adopted CBDCs to date. Why is CBDC significant, and what are the advantages and disadvantages of instituting a national digital currency? An important type of Stablecoins is privately issued digital currencies that are pegged to a fiat currency (i.e. USD). Can Stablecoins and CBDCs coexist? Bitcoin, Ethereum, and a number of other cryptocurrencies use decentralized blockchain technology to process and record transactions in order to assure transaction immutability and traceability. But is blockchain technology essential for digital currencies? How can users' privacy be protected, and what technologies can be utilized to increase the safety of digital currency?
In this course, you will learn from three prominent FinTech leaders and academics, including Professor SM Yiu of the HKU Department of Computer Science, Professor Douglas Arner of the HKU Department of Law, and Dr. John Yuen of the HKU Department of Computer Science, who will share some great insights on the e-Money and e-Payment technology infrastructures and regulatory landscape that are currently driving digital currency.
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Electronic payments have become an integral part of our daily lives. This in-depth course is designed to give students a thorough grasp of various e-payment systems, their underlying technology, and the security measures and regulations that ensure their safe and efficient use.
Students will learn about credit cards, third-party payment gateways (PayPal and Stripe), mobile payment systems (Alipay, WeChat Pay, Google Pay, Samsung Pay using NFC), and cryptocurrencies (Bitcoin, Ethereum, Central Bank Digital Currency (CBDC)), and more in this course. They will gain insight into the security mechanisms and cryptographic protocols used to protect these systems, such as encryptions, TLS/SSL, HTTPS, digital signatures, hash functions, and digital certificates. Selected examples will be used to demonstrate how these technologies are used in these e-payment systems.
Finally, how various e-payment systems, including existing bitcoin and the upcoming CBDC, will interact with Web3 and the metaverse will be discussed. Students will also learn about e-payment and cryptocurrency-based technology regulatory concerns and governance, as well as impending industry developments. ~~~~
Taught by
John TH Yuen, Douglas Arner and Siu Ming Yiu
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