Understanding Fintech
About This Course
Banking has historically been one of the business sectors most resistant to disruption by technology as banks have built robust businesses with formidable moats. In addition, consumer inertia in financial services is high as consumers have been slow to change financial services providers. The result has been a banking industry with defensible economics and a resilient business model.
But this may be changing. Fintech, a term hardly mentioned in the financial space or used by the mass public not so long ago, has since 2009, right after the financial crisis coincidentally, has been creating a storm in the financial industry.
The objective of this course is to create the awareness and understanding of how the various sectors of Fintech may disrupt the traditional banking businesses, thereby creating an impetus for transformation.
Learning Outcomes
- The hype surrounding Fintech
- Potential disruption to the traditional banking businesses
- Fintech ecosystem
- Blockchain as the ultimate reformer
- Banks taping on Fintech phenomenon for transformation
Module 1: What is Fintech?
- Silicon Valley is Coming…
- Why the Hype for Fintech?
- Disruption to the Traditional Banking Business
Module 2: The Fintech Ecosystem
- Robo-Advisors
- Lending and Crowdfunding
- Payment
- Remittance and Money Transfer
- Insurance
Module 3: The Ultimate Reformer: Blockchain
- What is Bitcoin?
- What is Blockchain?
- Proposed Use Cases of Blockchain
Module 4: The Fintech Challenge
- Collaboration is the Key
The Financial Training Scheme (“FTS”)
The Salmon Thrust CPD Series is aimed at raising the competencies of Covered Persons. This course is recognised under the IBF Financial Training Scheme. Completion of this course can be counted towards the fulfilment of the non-STS portion for CACS CPD.
The Financial Training Scheme (“FTS”) is a training incentive scheme supported by the Financial Sector Development Fund (FSDF). The scheme supports financial sector-specific training programmes that raise the competency of the financial sector.
All our programmes are approved for listing on the Financial Training Scheme (FTS) Programme Directory and are eligible for FTS claims, subject to all eligibility criteria being met. For latest development on the Funding Support for IBF FTS, please visit the Financial Training Scheme site.
Early Bird Discount
Enjoy 10% early bird discount when you register one (1) month before the course commencement date.
Course Features
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CPD
1.5 Hours