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Online Course

FinTech Risk Management

The Hong Kong University of Science and Technology via Coursera

Overview

This course “FinTech Risk Management” help you understand risk management and corporate governance in finance industry with the disruption by FinTech and RegTech. You will become more confident to analyse and make recommendations to develop business strategies balancing the risks in operation, reputation and the stability of finance firms.

You will learn about new challenges of compliance with financial requirements and government regulations and how you can deal with these changes, strategies in analysing FinTech risk and how operation risks increase in finance industry in this changing environment. As tech firms are now becoming more like finance firms such as Alibaba, Apple, and Tencent etc., you will learn about the importance of IT compliance and assurance and practical skills in dealing with these changes.

Syllabus

Compliance with financial requirements & government regulations
-In this module, we will focus on the financial perspective of FinTech compliance and assurance. Failure to comply with regulations can result in large fines as well as business failures. However, financial compliance is only one part of risk management for FinTech firms.

FinTech Compliance with corporate governance: Objectives, guidelines,& policy
-In this module, we examine different types of risks and explain why operational risks and business risks are becoming more important to FinTech firms. The second, third and fourth derivatives for different types of risks are explained and compared. Techniques and tools for risk analysis and internal controls are also described.

IT Compliance & Assurance Part 1
-In this module, learners will gain a overall IT perspective of business application development and compliance in this area. We will examine 3 different system changeover methods when implementing new system & replacing the old system and the comparison. Also we will look into the risks associate with new system development and compliance of change management process.

IT Compliance & Assurance Part 2
-In this module, learners will gain an overall picture of business continuity plan and disaster recovery plan. It's essential to plan ahead before something bad happen to the systems (e.g. Data breach or cyber hacking) We will discuss the process of creating a business continuity plan for an organisation and the strategies in data back up and restoration policy.

Peer-graded Final Project
-In this module, learners will complete a final project for the course involving research on how FinTech creates new sources of risks & challenges to large existing financial institutions and develop business strategies balancing the risks in operation, reputation and the stability of those firms.

Taught by

Garvin Percy DIAS and Theodore Henry King CLARK

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Reviews

4.6 rating, based on 36 reviews

Start your review of FinTech Risk Management

  • SUPRATIM MUKHERJEE

    SUPRATIM MUKHERJEE is taking this course right now.

    This course “FinTech Risk Management” help you understand risk management and corporate governance in finance industry with the disruption by FinTech and RegTech. You will become more confident to analyse and make recommendations to develop business strategies...
  • Anonymous

    Anonymous completed this course.

    The course is informational and planned in a structured way. It could use some more elaboration and current industry standards in depth.
    The last module where we have to submit 2 papers, needs to be reviewed by 2 other peers, and this is where am stuck. Unfortunately, i believe there are no other candidates taking this course and hence my paper is not being evaluated and instead of completed the course well within the time frame, the timeline is automatically pushed forward. And also my certificate is stuck.
    this issue needs to be resolved.
  • Anonymous

    Anonymous completed this course.

    Good course.
    But the last module where we have to submit two papers, needs to be reviewed by 2 others, and this is where i am stucked. There are no other candidates reviewing my project and hence my paper is not being evaluated and final project is not approved. And also i am not able to get certificate. This issue should be resolved.
  • Anonymous

    Anonymous completed this course.

    The Course was exposing. It was also detailed as to the inherent risks within a FINTECH and how to manage same within the context of the firm's risk appetite.

    My only suggestion is that, the final project is solely peer-graded. I think the professor should just take few minutes to review as well.

    Overall, the course was great.
  • Anonymous

    Anonymous is taking this course right now.

    The course provides a very good a risk management perspective that is focused on FinTech. I was able to learn more on FinTech and leverage my knowledge on business continuity management.
  • Anonymous

    Anonymous is taking this course right now.

    Its a awesome course. The faculties those are explaining the course are very qualified, they teach nicely. It doesnot seem that we are studying online, it looks like we are sitting in the class room and experiencing real time course. Risk management...
  • Anonymous
    I expected the focus of the course to be on risks that the FINTECH firms or firms dealing in FINTECH are exposed to e.g. legal, regulatory, compliance, fraud or systems risks for firms dealing in Crypto or block-chain or those involved in crowd-funding or P2P lending.

    Unfortunately the focus was mainly on the common operational risks faced by the . Worse was the selection of using an incident of fire. How is this even related to FINTECH? The categorization of controls among preventative and detective was not right and Fire insurance wass shown as a control when it is a risk transfer mechanism.

    I have taken close to 20 courses on coursera and this is the first one I am very dissapponted to rate that low.
  • Anonymous
    Great course. The teachers are well prepared and explained every topic very well. A quick guide to regulatory and IT risks related to Fintech. It was good lecture on Basel guidelines too which was explained in very simple way citing incidents & events. Detailed lectures on other topics also which explained the Risk Management and Mitigation techniques. All lectures were descriptive and supported with all the information regarding risk with case studies. Very useful and very much needed for everyone who need in-depth knowledge about Fintech and risk management. Good for Bank professional and Financial consultants. Thanks to Prof Percy and Prof. Clark for putting together such good work.
  • Anonymous
    It was a great course, I learned a lot about the FinTech industry how it functions. Overall a very informational course.

    You will learn about new challenges of compliance with financial requirements and government regulations and how you can deal with these changes, strategies in analysing FinTech risk and how operation risks increase in finance industry in this changing environment. As tech firms are now becoming more like finance firms such as Alibaba, Apple, and Tencent etc., you will learn about the importance of IT compliance and assurance and practical skills in dealing with these changes.
  • Anonymous

    Anonymous completed this course.

    Professor Clark was exceptional in his lectures. However, in lectures by Professor Percy, he seemed to be in a hurry to rush things up. It was often an issue that he skipped the slide material without explaining it and majority of the times, his accent was a problem when he spoke very low, missing few words in the process.

    I understand that English is not the first language of the professor but neither is mine and i feel that it needs to be taken care of as it impacts the course he is teaching. It hampers the experience that the students get.

    Other than that, everything was great!!
  • Anonymous

    Anonymous completed this course.

    course has given the brief description of Fintech Risk Management and very much effective for the newcomer like us. They have started from history of fintech technology and given the path for the future in fintech technology . All professor have explained each and every topic in simple way . we have got this learning opportunity from our company side and same will be implemented in our work and gets benefit of the company .
  • Anonymous
    This course “FinTech Risk Management” is helpful to understand types of Risk and the Ways to manage the Risk arising due to FinTech . It also articulates how Risks can be prioritized and what controls will help in mitigating the Risk. It also focuses on the management of operational Risk and contingency planning. Overall it is good course for individuals associated with the Risk Domain of the Financial industry.
  • Anonymous
    In this module (week one), students will gain a multi-dimensional perspective on what FinTech means from the perspective of large firms (and older participants in the industry - e.g. dinosaurs), entrepreneurs, investors, and consumers. Examining what FinTech is, or is not, provides a foundations upon which students can build for better understanding of opportunities and changes.
  • Anonymous
    The Course was exposing. It was also detailed as to the inherent risks within a FINTECH and how to manage same within the context of the firm's risk appetite.

    My only suggestion is that, the final project is solely peer-graded. I think the professor should just take few minutes to review as well.

    Overall, the course was great.
  • Anonymous

    Anonymous completed this course.

    This is generally good course on Fintech and FI, albeit on introductory basis; Week 4 on Risk Management is really low-tech, say backups are using tapes and CD, and in general is using dated materials. Otherwise, the course is nice intro and refresher on the area.
  • Anonymous

    Anonymous completed this course.

    Excelent classes. The topics fulfill with the expectations.
    Excelent knowledge from the teachers and good summary ppts, to transmite the knowledge on fintech riks to the students.
    The videos ahev a nice time period in order to get the enough knowledge of the topics.
  • Anonymous

    Anonymous completed this course.

    This is generally good course on Fintech and FI, albeit on introductory basis; Week 4 on Risk Management is really low-tech, say backups are using tapes and CD, and in general is using dated materials. Otherwise, the course is nice intro and refresher on the area.
  • Karen New completed this course, spending 30 hours a week on it and found the course difficulty to be easy.

    I enjoy understanding the full life cycle of Business Continuity planning and disaster recovery. It is interesting to see the various options and key consideration to implement the plan. Overall, its a boring subject but you made it easy to understand. Thanks
  • Anonymous

    Anonymous is taking this course right now.

    Overall a good introduction of risk management of finance industry with Fintech disruption and transformation. It gives a good insight on how banks and financial institutions to deal with changes and see FinTech and RegTech as opportunities.
  • Anonymous

    Anonymous completed this course.

    Very Excellent classes. All the topics fulfill were covered as expected.

    Commendable knowledge from both the professors and good Lecture presentation, adequate ppts, to transmit the knowledge on fintech risks to the learner.

    All the best.

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