This course, presented by the Institute for Capacity Development, is designed to give participants a foundation in understanding new financial technologies (fintech) and the associated policy implications. After an overview of the fintech landscape, the course will focus on several areas that are rapidly developing in recent years: fintech payments, fintech funding, crypto assets and decentralized finance. It will discuss risks arising from fintech developments in these areas and explore possible policy responses. In addition to lectures, the course makes use of extensive case studies and group work to ensure that participants could gain practical experience that is useful for their jobs.
TARGET AUDIENCE
- Mid-level to senior officials from the central bank and other government agencies dealing with regulation of the financial sector. Preference is given to applicants working on issues directly related to financial development and inclusion, as well as supervision and regulation of new financial technologies.
- Participants are expected to have an advanced degree in economics or finance or equivalent work experience. It is strongly recommended that applicants first complete the Financial Sector Policies (FSP) course.
COURSE OBJECTIVES
- Upon completion of this course, participants should be able to:
- Define and understand fundamental Fintech concepts.
- Explain the economic rationale for various Fintech tools and their implications for financial service industry.
- Identify key risks and regulatory concerns over financial stability, financial integrity, security, consumer protection, and other aspects.
- Recognize international regulatory responses to Fintech developments.