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The Hong Kong University of Science and Technology

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 53 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
    I really like this online FinTech risk management because I discovered many things that I ignored before, now I have gotten some knowledge, I know now that in every plan we do there risks, we can’t eliminate risk in our life but we can prevent and a part of the skills I’ve received I will also get the certificate that will helpful, with that certificate I get a national service, I can also apply for the job
  • 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
    I learnt the different types of risks and understood why operational risk and business risks are becoming more important to FinTech firms. The second, third and fourth derivatives for different types of risks were explained and compared. Techniques and tools for risks analysis and internal controls are also described.
  • Anonymous
    I learnt the financial perspective of FinTech compliance and insurance. Failure to comply with regulations can result in large fines as well as business failures. However, financial compliance is only one part of risk FinTech firms
  • 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.

    It is still at basic and bookish level.
    More insights to be added.

    The course should help the student to face his/her issues at work.
  • Anonymous

    Anonymous is taking this course right now.

    Great course the last 2 sections especially the one on BCP is really wonderful and helped us to understand things in a detailed manner
  • Anonymous
    I have learned so many facts and strategies regarding fintech risk management.

    Thank you very much to all my professors.
  • Anonymous
    This course provides a set of tools and techniques to develop leadership skills in work, I recomend it 200%
  • Anonymous
    I think that's a great couse. Allowing me to open up the world I got a lot of knowledge in this couse. thanks
  • 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
    The course content was excellent and of great academic and professional value addition. I was able to understand the following topics in the course: 1. The nature of FinTech and how different it is from traditional financial Institutions 2. The various...
  • Anonymous
    Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very Good Course!Very...
  • 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!!

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