Basics of FinTech: Part II - Service Functions

Technology - Stanley Epstein

From new companies in California, New York, London, Europe, the Middle East, Asia and Africa, business people are applying their inventiveness and specialized resourcefulness up and down the budgetary administration's esteem chain.

This influx of development guarantees a transformation in the generation and utilization of monetary administrations. Apropos joining the words "money related" and "innovation" the FinTech upset guarantees changes that will democratize budgetary administrations.

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 the 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 have scant knowledge of the practical needs/problems of business and finance).

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

In Part 2 we take a detailed view of financial service functions and clusters of innovation in six key areas – Payments, Market Provisioning, Investment Management, Insurance, Deposits & Lending and Raising Capital. We examine each of these functions in terms of the current “clusters” of innovation, the key disruptive trends, the main thrust of current developments and the specific implications for financial institutions.

 

 

Learning Objectives:

  • Discover the critical issues in each of the different FinTech functional areas.
  • Explore the different FinTech functions and innovation clusters.
  • Discover what some of these FinTech innovations are and how they work.
  • Explore the implications of the different FinTech innovations.

Instructor

Stanley Epstein

Principal Associate & Director at Citadel Advantage Ltd.

Stanley holds a Masters degree in Economics and a BCom. degree in Accounting from the University…

Training 5 or more people?

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What will you cover?

  •   Introduction 00:13:09

Instructor

Stanley Epstein

Principal Associate & Director at Citadel Advantage Ltd.

Stanley holds a Masters degree in Economics and a BCom. degree in Accounting from the University…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business
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