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The Hong Kong University of Science and Technology

FinTech Security and Regulation (RegTech)

The Hong Kong University of Science and Technology via Coursera

Overview

This course "FinTech Security and Regulation (RegTech)" help you to understand RegTech and to become more confident and persuasive in your ability to analyze and make recommendations to executives within the finance industry regarding how to react to these changes, e.g. Regulations to cryptocurrencies like BitCoin & Initial Coin Offering (ICO). It presents the views of several professors from the top business school in Asia as well as perspectives from industry professionals.

You will learn about how FinTech and RegTech disrupt and transform finance industry, such as challenges in protecting data and security with digital forensics, risk management and corporate governance in banking industry in terms of Know Your Customer (KYC) and Anti Money Laundering (AML), and how governments in different countries take initiatives in FinTech and RegTech.

Syllabus

  • Introduction to FinTech Security & Regulation
    • In this module, learners will examine the relationship between security and regulation as twin methodologies for managing and reducing risk in financial services. Issues explored will include "What is RegTech?", "What is InsurTech?", and how can we determine when regulation and security are enough or too much to achieve important social & business objectives.
  • Risk Management & Government Control
    • In this module, we explore some of the tools government use to regulate financial markets and discuss potential challenges for FinTech innovators in complying with these regulations. Some basic terms commonly used in finance such as AML & KYC are defined and described. We examine the role of different government agencies as well as alternative social objectives that influence the development of regulations over time.
  • Fraud, Crimes, & Security
    • In this module, we discuss the issues and challenges of preventing and detecting fraud and crime in financial markets. Topic discuss will include data theft and related security technologies, human challenges in implementing effective security, and electronic evidence & digital forensics issues. Recommendations for FinTech firms are provided to reduce risk of fraud and crime.
  • Global Trends and Government Initiatives in RegTech
    • In this module, learners will explore a variety of government initiatives related to FinTech & RegTech. Topics included open banking APIs in Europe, crypto-currency & ICO regulations, evolution of FinTech regulations in US & Europe, China regulations on FinTech, and regulatory issues in HK, Singapore & other jurisdictions.
  • Peer-graded Final Project
    • In this module, learners will complete a final project for the course involving research on regulatory decisions in multiple countries regarding a specific area of FinTech. Building on what they have discovered, learners will prepare a short video/written pitch recommending FinTech policies to a regulator in a smaller jurisdiction dealing with FinTech challenges and opportunities.

Taught by

Theodore Henry King CLARK

Reviews

4.6 rating, based on 77 Class Central reviews

4.6 rating at Coursera based on 205 ratings

Start your review of FinTech Security and Regulation (RegTech)

  • Profile image for Lasode, Oseyemi Tunji
    Lasode, Oseyemi Tunji
    FinTech currently operating with very little capital, are prone to severe regulatory risks that can drive them down and make large institutions dependent. Therefore, accurate estimation of the FinTech regulatory environment will be vital for both practitioners and investors regarding marketing, data protection, capital requirements, and many other regulations
  • Anonymous
    This course is a very good introduction to the topic.
    As advertised, the teaching remains at a high level enabling one to understand the structure of the main elements pertaining to the regulation of finance in the era of digitalisation.
    With such understanding, one is disposed to better tailor a cursus to understand the complex topic of regulation in finance.
  • Profile image for Akanksha Gaur
    Akanksha Gaur
    This course provides the information about the foundation of fintech and regulations in todays era. The rapidly changing world dynamics and need for stringent yet convenient regulations to promote fintech.

    The speaker was clearly audible and gave many examples for better understanding of the subject. I really enjoyed while doing this course and the assignments.
  • Saheed Salami
    This course is excellent and give more insights to the regulatory control of Fintech.

    The lecturer was audible and experience in the subject and gives more examples to aid the student learning ability.

    i learnt valuable lesson and the course has really improved my reasoning on the way to balance fintech and regulation.
  • Anonymous
    This course has taught me lot of new terminologies used in the modern Finance world. I have learned that banks cannot anymore function as largest banks instead they need to be part of the better financial ecosystem. Open banking concept cannot be avoided by any financial institutions or countries. Thank you Dr. Clark
  • Anonymous
    Gained information in the area of FinTech ,Fintech promotes clearness,
    Fintech is great. So many new possibilities and features for businesses, from payments to banking solutions. Absolutely awesome. Until it is not. As businesses scale, their financial operations tend to become really complex
  • Anonymous
    This course provides fundamental knowledge about Fintech security and regulations, risk & risk management, insurance, fraud, crimes & security, cybersecurity, global trends & government Initiatives in RegTech. Highly recommend this course to those who would like to develop experiences in Fintech.
  • Anonymous
    It's a good course to give you fundamental knowledge about RegTech. Explained what's regtech, what're the regulations, how different government are regulating the fintech industry and why regtech is important. The professor speaks quite clear and easy to understand.
  • Anonymous
    The course is informative about regulation technology but it's kind of boring... There are a lot of typo and bad grammar in the slides. Doesnt appear to me to be well prepared.
  • Anonymous
    Informative. The presenter was vast in the topic. A lot of information and good techniques were used in deploying the presentation.
  • Odutola Odunayo Samson
    This course is very good in educating us about the regulation, security, digital currency, cryptocurrency and about insurance regulation. This course would enlighten us about the future economic direction in digital currency. Fintech improves the quality...
  • Profile image for Andres Alzate Narzeus
    Andres Alzate Narzeus

    Andres Alzate Narzeus completed this course, spending 8 hours a week on it and found the course difficulty to be hard.

    The "Regtech" course provided a good range of learning material and Prof Clark delivery made the sessions interesting and lively. Some sections were much harder to follow than others, especially when some terms or tecnical words were shared on screen. However it was just as easy to replay and review the transcriptsor look for them in google to learn them for the more challenging sections.
  • Viktoriia Gurova

    Viktoriia Gurova completed this course.

    This course was very useful and contained a lot of theoretical information and statistics regarding the Fintech field. Still, it will be great if there will be more specific examples of implementation of some instruments in real life. Thank you.
  • Anonymous

    Anonymous completed this course.

    This is one of the best courses I have taken on the regulatory environment around the world regarding financial technology and the innovations that are being developed since the technology mix revealed to the world by the pseudonymous Satoshi Nakamoto....
  • Profile image for Odutola Odunayo
    Odutola Odunayo
    Really enjoyed this course and also happy to do this course. i hope to do more on this course as i have been euiped and educated more about fin tech and insur tech. This course would open you reasoning to risk management, security, fraud, theft and money laudering control
  • Anonymous
    Fintech simplified. I like the examples used throughout the training session. they are very relatable and applicable. the humor in between also made the class alive. Prof is indeed an amazing instructor and thanks to everyone that lectured. All information is indeed helpful
  • Anonymous
    This course surprisingly was remarkably interesting and intense. Furthermore, the course was highly informative. I enjoyed every bit of the lectures from Prof. Clark, and I have already shared my experience with my friends and encouraging them to take advantage and enroll in this program. This course has really broadened my knowledge in AML. The discussion between Prof. Clark and Dr. Hilton Chan an adjunct professor at HKUST and CEO of a FinTech company, on cybersecurity and related topics was also especially important.

    I’m glad I took this course and recommend it to everyone in the delivery of financial products.

    Thank you
  • George P. Joseph
    Very simple, but highly informative lessons. All the points to be discussed are explained with clarity. Excellent mode of presentation. If possible, improve the sound quality at the interview sessions.
  • Anonymous
    Njoyed Enjoy the session it was a really very interesting one and thank you all for sharing such a great thing in the lock down period giving knowledge to the ones who are willing to take it and I am very very thankful for the fantastic teaching skills of the teachers and the notes and everything was fabulous X excellent I loved X I loved the security thing a lot other cyber security which is needed the most in nowadays period hacking and how to control that and et cetera and exedra thank you once again and looking forward to take a few more classes from different tech keep it up guys
  • Anonymous
    This course allowed me to gain the necessary insights of what is actually happening across the global FinTech ecosystem, and additional to that the representation of facts and information is simplified which allowed me as a beginner to understand each and every aspect with a clear perspective. this course is highly recommended for all who are looking to gain insights into the FinTech ecosystem or for those as well who are trying to gain relevant academic knowledge to build a career in the booming FinTech (RegTech-InsurTech) ecosystems across the conjoined global economies.

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