Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Online Course

FinTech Ethics and Risks

The University of Hong Kong via edX

129

Taken this course? Share your experience with other students. Write review

Overview

FinTech has started a global revolution in the financial services industry, and the transformation will only increase in coming years. There are many ways in which FinTech can improve the lives of people around the world; however, those same technologies can also be used to enslave, coerce, track, and control people. Accordingly, it is appropriate and necessary to consider the implications of the introduction of these technologies so that they are utilized properly, regulated sufficiently, and their adoption does not come at the expense of societal growth.

This 6-week online course covers  6 modules, representing the full spectrum of finance, technology, and the introduction of FinTech solutions globally. We will ask questions that are not often asked or addressed when new technologies are adopted. Why should we adopt FinTech solutions, and what are the best ways to introduce disruptive technologies? How does blockchain technology change the way we provide financial services, and how should blockchain technology be governed? Is FinTech creating risks in cybersecurity and how can technology help us prevent financial crimes? As Artificial Intelligence (AI) is developed and adopted, will human biases and prejudices be built into such mechanisms? And at a larger scope, should FinTech lead to a decentralized, democratized system of finance, or will existing institutions adopt FinTech strategies to cement their existing hold on the financial markets?

Through discussing and attempting to answer these questions, you will understand better how the introduction of these technologies can benefit or harm society. And through considering the proper application or introduction of such technologies, you will learn to make better decisions as an individual and organization when facing the question: is FinTech our savior or a villain?

Syllabus

Introduction: Ethics of Finance and Emerging Technologies
This module will provide a historical and broad perspective of ethical issues relating to finance and the introduction or adoption of emerging technologies. 

Blockchain and its Governance
This module will expand off the Introduction to FinTech course (https://www.edx.org/course/introduction-to-fintech), to consider the most relevant and ethical ways such technology should be implemented, in a number of different industries or product segmentation. In particular, data collection, customer privacy, and transactional issues will be covered in this module.

Cybersecurity & Crimes
FinTech can make it easier and cheaper for banks to monitor and control financial transactions, thus reducing fraud and reducing bank costs. But at the same time, these tools can be used to steal money and other corporate secrets, hide illegality (including purchases of weapons, drugs, etc.), and finance terrorists and other criminal organizations. Accordingly, this module will consider the implications of such important issues.

AI & FinTech
In this module we will consider the implications of building our own concepts of “human” morality into amoral machines, as well as a consideration of whether human biases and prejudices can or will be built into such mechanisms, whether purposefully or unintentionally.

Institutionalization vs. Decentralization
One of the key reasons people are calling for FinTech is for its decentralized nature, thus democratizing finance, and allowing regular people to participate more fully and affordably in financial transactions through technologies like cryptocurrencies, non-government issued IDs, and P2P lending. In this module we will address some large questions, considering whether FinTech should lead to a decentralized, democratized system of finance. Or whether existing institutions will adopt FinTech strategies to cement their existing hold on the financial markets. 


Big Questions Relating to the Introduction of FinTech
In this final module, we will consider some of the many outstanding questions and purposes of introducing FinTech to the world, exploring the many ways that FinTech can both help and hurt society. We will discuss financial inclusion, sustainable development, and many other positive aspects of FinTech development. Conversely, we will also consider how these same technologies and solutions could potentially be used to inhibit access to financial markets, or worse.

Taught by

David L. Bishop and David S. Lee

Help Center

Most commonly asked questions about EdX

Reviews for edX's FinTech Ethics and Risks Based on 8 reviews

  • 5 stars 100%
  • 4 star 0%
  • 3 star 0%
  • 2 star 0%
  • 1 star 0%

Did you take this course? Share your experience with other students.

Write a review
  • 1
Joerg R
5 months ago
by Joerg completed this course, spending 6 hours a week on it and found the course difficulty to be medium.
Will fintech lead us to an utopian society or to a dystopia?

This overarching question sets the framework for this highly recommended course.

In summary, a 5-star course that is extremely relevant in a time in which applications based on AI, machine learning or deep learning (autonomous driving, cryptocurrencies, facial recognition, recommendation engines, etc.) become more and more integrated into our daily lives.

The MOOC explores how existing and potential future technology score on the ethical dimensions Trust, Accountability, Proximity, Privacy and …
Was this review helpful to you? Yes
Anonymous
5 months ago
Anonymous completed this course.
Highly recommended. Professors Bishop and Lee have a very relaxed and informal style. The material is presented in a very accessible way but still manages to raise a lot of important and thought provoking questions. Throughout the course, the emphasis is on encouraging students to think about the issues involved and to discuss the issues. I found this approach very valuable - and especially appropriate given that the problems raised by fintech do not have simple or obvious solutions (as we learned).
Was this review helpful to you? Yes
Anonymous
5 months ago
Anonymous completed this course.
Being able to be part of these online course is very challenging to me. For someone who doesn't have any knowledge when it comes to fintech, I' am happy and excited to watch every videos and be part of the discussions because I know that I will learn something new after each module. Thank you and I really enjoyed being part of this course!
Was this review helpful to you? Yes
Anonymous
5 months ago
Anonymous completed this course.
I learned a lot about technology which is the thing I hate the most, but by joining this online course that enlightened my my mind this technologies. I always use cash but I might go with cashless by adopting credit cards and smartphone apps for payments.
Was this review helpful to you? Yes
Anonymous
5 months ago
Anonymous completed this course.
This Curse is very good, helps you think about the problems that we need to consider in the near future to enable a successful implementation of FinTech. I really recommend this course, is a must for anyone interested in FinTech.
Was this review helpful to you? Yes
Gegerma M
5 months ago
Gegerma completed this course.
Very helpful and informative learning that everyone can apply for day to day living regarding evolving technologies in new Internet era. I am very grateful to be one of your students around the globe.
Was this review helpful to you? Yes
Anonymous
4 months ago
Anonymous completed this course.
A comprehensive and well thought-out course, covering a wide range of FinTech examples but always coming back to its core principles. The course creators went to a lot of effort to make this course inclusive and interactive, and overall it's made a much more solid and thought-provoking experience.
Was this review helpful to you? Yes
Anonymous
3 months ago
Anonymous completed this course.
Excellent course, teachers really good, I have been a fintech enthusiast for a several years and I have done some studies about the topic, but what I have seen different are examples of China and also the dinamic and enthusiasm professors are
Was this review helpful to you? Yes
  • 1

Class Central

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free

Never stop learning Never Stop Learning!

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free