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This course is part of Fintech Startups in Emerging Markets Specialization
Instructor: Co-Pierre Georg
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(159 reviews)
(159 reviews)
How changes in the global financial regulatory environment have come to drive fintech innovations.
How technology, such as artificial intelligence and blockchain, make possible the rise of fintech companies.
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This course explores the developments that have fueled the emergence of fintech companies around the world. Following the changing regulatory environment, especially since the 1997 Asian and 2008 global financial crisis, governments have enacted far-reaching new financial regulations for safeguarding financial stability. However, banks and financial institutions have found it increasingly difficult to be profitable in these new regulatory environments. Technology is taking leaps forward in artificial intelligence and blockchain and this has created new opportunities for fintech entrepreneurs.
This course discusses fintech regulation using case studies from China and South Africa. The course pays special attention to the socioeconomic environment in emerging markets, as well as to political risk as a major source of uncertainty for fintech entrepreneurs. Peer-to-peer lending and remittances are used as leading examples for growing fintech innovation in emerging markets.
So you’re interested in the opportunities for fintech? I’ll be taking you back to the key events in the financial crises of the late 1990s and early 2000s in order to understand the growth of fintech in emerging markets. We’ll be looking at the basic mechanisms behind banking and what happened when the financial markets crashed. It’s essential for us to become familiar with the new financial regulations and how they create opportunities and constraints for fintech today. Over the four weeks of the course, you will be invited to think about how new financial regulations have spurred the rise of fintech companies in emerging economies.
12 videos4 readings3 assignments1 discussion prompt
We dive into details of financial systems this week - looking at how banks function and are regulated. Using the Great Depression as a starting point, I describe what caused the collapse of banks a century ago, to reflect on the impact of the post-depression financial regulations that followed. These regulations included the establishment of international financial institutions that controlled current monetary policies. Being familiar with the current financial regulatory framework and where it comes from provides the basis for understanding the disruptions from the fintech innovations we will be covering next week.
12 videos3 readings4 assignments1 peer review
We've now reached the heart of the course - looking at the context of fintech in emerging economies and what makes them different. To begin we will look at Initial Coin Offerings (ICO) which are one of the key mechanisms used fintech companies to finance themselves. We are going to focus particularly on South Africa, China, and Brazil, and I have a number of interviews with people involved in banking, financial regulation and fintech from these countries.
12 videos3 readings3 assignments
In this last week of the course, we look at applications of fintech in emerging economies. I have selected two widely adopted applications to explore: peer-to-peer lending and remittances. Because of the costs of banking and the exclusion of millions from formal banking systems, entrepreneurs have been exploring innovative mechanisms to finance business by borrowing from peers. Fintech offers a fast and secure mechanism to transfer remittances that are being widely used across the world - and we will look at some examples. I also asked people from the banking sector to describe how large formal financial institutions are considering the impact of blockchain and other new technologies. At the end of this week, you will have a chance to apply what you’ve learnt in a final assignment.
13 videos2 readings2 assignments1 peer review
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
The University of Cape Town is the oldest university in South Africa and is one of the leading research universities on the African continent. UCT has over 28 000 students, of whom 30% are postgraduate students. We offer degrees in six faculties: Commerce, Engineering & the Built Environment, Health Sciences, Humanities, Law, and Science. We pride ourself on our diverse student body, which reflects the many cultures and backgrounds of the region. We welcome international students and are currently home to thousands of international students from over 100 countries. UCT has a tradition of academic excellence that is respected world-wide and is privileged to have more than 30 A-rated researchers on our staff, all of whom are recognised as world leaders in their field. Our aim is to ensure that our research contributes to the public good through sharing knowledge for the benefit of society. Past students include five Nobel Laureates – Max Theiler, Alan Cormack, Sir Aaron Klug, Ralph Bunche and, J M Coetzee.
University of Cape Town
Specialization
The Hong Kong University of Science and Technology
Specialization
The Hong Kong University of Science and Technology
Course
Duke University
Course
159 reviews
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Reviewed on Jul 29, 2022
Thoroughly enjoyed this course. It was well thought out and planned for anyone looking to learn about fintech. Would definitely recommend for any beginners or newcomers.
Reviewed on Oct 7, 2019
Very instructive and interesting course! I would highly for those who want to understand Fintech in general.
Reviewed on Aug 17, 2022
I am now at ease to discuss on the importance of Fintech in Emerging economies.
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