FinTech, short for financial technology, is a rapidly growing field that combines finance and technology to create innovative products and services that make financial transactions more efficient, secure, and accessible. This course will cover the basics of FinTech including the history and current state of the industry, the various types of FinTech companies and products, and the impact of FinTech on traditional financial institutions and consumers.

The training course on FinTech: Key Concepts and Applications by McTimothy Associates is a course that focuses on the intersection of finance and technology, and how this intersection is driving innovation and transformation in the financial services industry. This course aims to provide students with an understanding of the key concepts and applications of FinTech, as well as the impact of FinTech on traditional financial institutions and consumers.

Course Methodology

This course uses real-life stories and examples from international business models as well as a variety of case studies, interactive exercises, and videos to develop the right knowledge and skills needed for professional career development and personal entrepreneurial growth.

Course Objectives

By the end of the course, participants will be able to:

• Describe the history of FinTech and how it has evolved over time.
• Outline the impact of FinTech on traditional financial institutions such as banks, credit card companies, and insurance providers.
• Recognize FinTech applications in money transfers, payment processing, digital wallets, and crowdfunding platforms.
• Describe the role played by blockchain and cryptocurrencies in FinTech.
• List major trends in the FinTech world

Target Audience

This course is aimed at professionals from both the private and public sector who are seeking a foundational course on the latest developments and technologies in FinTech. 

Target Competencies

• Understanding impact of Fintech
• Gaining knowledge of FinTech products and services
• Analyzing FinTech maturity in organizations
• Building knowledge of FinTech regulations
• Grasping trends and developments in FinTech
• Evaluating FinTech investments

Course outlines

• Evolution of FinTech
  • Definition of FinTech
  • Evolution of FinTech through history
  • FinTech terminologies and applications
  • Relevance of big data, machine leaning, Artificial Intelligence (AI), Web3, and the Internet of Things (IoT)
  • FinTech in key financial services
• FinTech applications: Banks, capital markets, and insurance
  • Robo-advisory disruptors
  • Trading and investment platforms
  • Client risk assessment, fund selection and financial planning simulations
  • The line separating humans and machines
  • Telematics, wearables, and smartphones in insurance
  • Big data and privacy
• FinTech applications: Payment/money transfers, banking, and lending institutions
  • Innovation in payment and transfer ecosystem
  • Innovation in fund-raising
  • Pain points addressed by FinTech.
  • Global banks adoption of FinTech
  • Neo bank disruption
  • Credit risk assessment and big data
  • P2P lending
• Cryptocurrencies and the financial world
  • Money and its evolution through time
  • Creation of bitcoin: Utility and allure
  • Fundraising through ICOs and DeFi ecosystem
  • Regulating cryptocurrencies
  • Social, economic, and political impacts of cryptocurrencies
• The future of FinTech
  • Millennials and GenZ expectations
  • Impact on business, country, industry, and world domination
  • Emerging markets overperforming in FinTech adoption
  • Smart phone technology and its impact on FinTech adoption
  • Who benefits? What changes? Who gains? Who loses?