Free Online Course in FinTech Ethics and Risks from edx

Edx platform is offering a free online course in FinTech Ethics and Risks. In this course, you will learn how individuals and organizations can utilize and regulate blockchain, AI, and other FinTech solutions to ensure their adoption does not come at the expense of societal growth.

About the Course:-

• This 6-week online course covers 6 modules, representing the full spectrum of finance, technology, and the introduction of FinTech solutions globally.

• This course will ask questions that are not often asked or addressed when new technologies are adopted:

  • Why should we adopt FinTech solutions, and what are the best ways to introduce disruptive technologies?

  • How does blockchain technology change the way we provide financial services, and how should blockchain technology be governed?

  • Is FinTech creating risks in cybersecurity and how can technology help us prevent financial crimes?

  • As Artificial Intelligence (AI) is developed and adopted, will human biases and prejudices be built into such mechanisms?

  • At a larger scope, should FinTech lead to a decentralized, democratized system of finance, or will existing institutions adopt FinTech strategies to cement their existing hold on the financial markets?

• Through discussing and attempting to answer these questions, you will understand better how the introduction of these technologies can benefit or harm society.

• Through considering the proper application or introduction of such technologies, you will learn to make better decisions as an individual and organization when facing the question: is FinTech our savior or a villain?

What you will learn:-

• Understand the ethical elements of finance, emerging technologies, and FinTech.

• Identify trends and opportunities that will shape the future of FinTech.

• Critically examine implications of Artificial Intelligence (AI), blockchain and cryptocurrencies (including ICOs).

• Understand how Regulatory Technology (RegTech) enhances supervision and reduces compliance-related costs.

• Understand how payment solutions are evolving and the potential ethical implications.

• Understand how alternative financing, including crowdfunding and P2P lending, are impacting markets.

• Analyze positive and negative aspects of the introduction and expansion of FinTech.

Syllabus:-

• Introduction: Ethics of Finance and Emerging Technologies
  • This module will provide a historical and broad perspective of ethical issues relating to finance and the introduction or adoption of emerging technologies.
• Blockchain and its Governance
  • This module will expand off the Introduction to FinTech course to consider the most relevant and ethical ways such technology should be implemented, in a number of different industries or product segmentation. In particular, data collection, customer privacy, and transactional issues will be covered in this module.
• Cybersecurity & Crimes
  • FinTech can make it easier and cheaper for banks to monitor and control financial transactions, thus reducing fraud and reducing bank costs. But at the same time, these tools can be used to steal money and other corporate secrets, hide illegality (including purchases of weapons, drugs, etc.), and finance terrorists and other criminal organizations. Accordingly, this module will consider the implications of such important issues.
• AI & FinTech
  • In this module we will consider the implications of building our own concepts of “human” morality into amoral machines, as well as a consideration of whether human biases and prejudices can or will be built into such mechanisms, whether purposefully or unintentionally.
• Institutionalization vs. Decentralization
  • One of the key reasons people are calling for FinTech is for its decentralized nature, thus democratizing finance, and allowing regular people to participate more fully and affordably in financial transactions through technologies like cryptocurrencies, non-government issued IDs, and P2P lending.
  • In this module the course will address some large questions, considering whether FinTech should lead to a decentralized, democratized system of finance. Or whether existing institutions will adopt FinTech strategies to cement their existing hold on the financial markets.
• Big Questions Relating to the Introduction of FinTech
  • In this final module, we will consider some of the many outstanding questions and purposes of introducing FinTech to the world, exploring the many ways that FinTech can both help and hurt society.
  • The course will discuss financial inclusion, sustainable development, and many other positive aspects of FinTech development.
  • Conversely, the course will also consider how these same technologies and solutions could potentially be used to inhibit access to financial markets, or worse.

Conditions:-

• You should be good at English.
• The course is free but if you want to Pursue a Verified Certificate to highlight the knowledge and skills you gain, you should pay $199.00.
• The course needs 6 weeks with 1–5 hours of work per week.

See more available Master’s scholarships on For9a

See more available workshops or trainings on For9a