FinTech Security and Regulation (RegTech)

The Hong Kong University of Science and Technology

FinTech Security and Regulation (RegTech)

This course is part of FinTech: Finance Industry Transformation and Regulation Specialization

Instructor: Theodore Henry King CLARK

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Assessments

4 assignments

Taught in English

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This course is part of the FinTech: Finance Industry Transformation and Regulation Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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There are 5 modules in this course

This course "FinTech Security and Regulation (RegTech)" help you to understand RegTech and to become more confident and persuasive in your ability to analyze and make recommendations to executives within the finance industry regarding how to react to these changes, e.g. Regulations to cryptocurrencies like BitCoin & Initial Coin Offering (ICO). It presents the views of several professors from the top business school in Asia as well as perspectives from industry professionals.

In this module, learners will examine the relationship between security and regulation as twin methodologies for managing and reducing risk in financial services. Issues explored will include "What is RegTech?", "What is InsurTech?", and how can we determine when regulation and security are enough or too much to achieve important social & business objectives.

What's included

14 videos2 readings1 assignment4 discussion prompts

14 videosTotal 104 minutes

1.1 Course & Module 1 Introduction6 minutesPreview module
1.2a Risk & Risk Management (Part 1)9 minutes
1.2b Risk and Risk Management (Part 2)7 minutes
1.3a Goals of Security & Regulation (Part 1)5 minutes
1.3b Goals of Security & Regulation (Part 2)7 minutes
1.4a What is RegTech? (Part 1)6 minutes
1.4b What is RegTech? (Part 2)6 minutes
1.5a What is InsurTech? (Part 1)10 minutes
1.5b What is InsurTech? (Part 2)4 minutes
1.6a Do regulations help society? (Part 1)8 minutes
1.6b Do regulations help society? (Part 2)6 minutes
1.7a How much security is optimal? (Part 1)8 minutes
1.7b How much security is optimal? (Part 2)9 minutes
1.8 FinTech Security and Regulation : Introduction & Overview Summary6 minutes

2 readingsTotal 20 minutes

Course Outline10 minutes
Assignment & Grading10 minutes

1 assignmentTotal 20 minutes

Module 1 Quiz20 minutes

4 discussion promptsTotal 40 minutes

Meet, Greet and Buddy up!10 minutes
High level of fraud in FinTech companies?10 minutes
RegTech disruption10 minutes
"Ease of use" vs "Security"10 minutes

In this module, we explore some of the tools government use to regulate financial markets and discuss potential challenges for FinTech innovators in complying with these regulations. Some basic terms commonly used in finance such as AML & KYC are defined and described. We examine the role of different government agencies as well as alternative social objectives that influence the development of regulations over time.

What's included

12 videos1 assignment1 discussion prompt

12 videosTotal 104 minutes

2.1 Introduction to Risk Management & Government Control5 minutesPreview module
2.2 AML & KYC in FinTech11 minutes
2.3 Interview with the Chief Operating Officer of HSBC Asia Pacific about RegTech13 minutes
2.4a Government Regulation to Protect Consumers (Part 1)9 minutes
2.4b Government Regulation to Protect Consumers (Part 2)7 minutes
2.5a Regulation to Increase Tax Compliance & Control (Part 1)8 minutes
2.5b Regulation to Increase Tax Compliance & Control (Part 2)7 minutes
2.6a Insurance, Risk Management, and Controls to Protect Society (Part 1)9 minutes
2.6b Insurance, Risk Management, and Controls to Protect Society (Part 2)4 minutes
2.7a Weak Regulations lead to Financial Crisis & Meltdown: AIG case study (Part 1)9 minutes
2.7b Weak Regulations lead to Financial Crisis & Meltdown: AIG case study (Part 2)9 minutes
2.8 Risk Management & Government Control Summary8 minutes

1 assignmentTotal 20 minutes

Module 2 Quiz20 minutes

1 discussion promptTotal 10 minutes

Too big to fail?10 minutes

In this module, we discuss the issues and challenges of preventing and detecting fraud and crime in financial markets. Topic discuss will include data theft and related security technologies, human challenges in implementing effective security, and electronic evidence & digital forensics issues. Recommendations for FinTech firms are provided to reduce risk of fraud and crime.

What's included

11 videos1 assignment1 discussion prompt

11 videosTotal 102 minutes

3.1 Introduction to Fraud, Crimes, & Security2 minutesPreview module
3.2a Cybersecurity- Data and Related Technologies (Part 1)10 minutes
3.2b Cybersecurity- Data and Related Technologies (Part 2)11 minutes
3.3a Cybersecurity - Human Related Issues (Part 1)7 minutes
3.3b Cybersecurity - Human Related Issues (Part 2)10 minutes
3.4a Digital Forensics & Electronic Evidence Discovery (Part 1)9 minutes
3.4b Digital Forensics & Electronic Evidence Discovery (Part 2)11 minutes
3.5a UN Model Law on E-commerce & FinTech (Part 1)9 minutes
3.5b UN Model Law on E-commerce & FinTech (Part 2)15 minutes
3.6 Recommendations for FinTech Firms on Cybersecurity7 minutes
3.7 Fraud, Crimes, & Security Summary5 minutes

1 assignmentTotal 20 minutes

Module 3 Quiz20 minutes

1 discussion promptTotal 10 minutes

Have you ever lost your work phone?10 minutes

In this module, learners will explore a variety of government initiatives related to FinTech & RegTech. Topics included open banking APIs in Europe, crypto-currency & ICO regulations, evolution of FinTech regulations in US & Europe, China regulations on FinTech, and regulatory issues in HK, Singapore & other jurisdictions.

What's included

9 videos1 assignment1 discussion prompt

9 videosTotal 80 minutes

4.1 Introduction to Global Trends & Government Initiatives in RegTech5 minutesPreview module
4.2a UK Open Banking Initiative (Part 1)9 minutes
4.2b UK Open Banking Initiative (Part 2)9 minutes
4.3 USA and European Regulations on FinTech9 minutes
4.4 Cryptocurrencies & ICO Regulations10 minutes
4.5 FinTech Innovation by Government - Berkeley ICO8 minutes
4.6 China Regulations and Restrictions on FinTech9 minutes
4.7 Hong Kong, Singapore, & Other Markets on RegTech10 minutes
4.8 Global Trends and Government Initiatives in RegTech Summary7 minutes

1 assignmentTotal 20 minutes

Module 4 Quiz20 minutes

1 discussion promptTotal 10 minutes

Government initiatives on FinTech10 minutes

In this module, learners will complete a final project for the course involving research on regulatory decisions in multiple countries regarding a specific area of FinTech. Building on what they have discovered, learners will prepare a short video/written pitch recommending FinTech policies to a regulator in a smaller jurisdiction dealing with FinTech challenges and opportunities.