Course Overview
What is FinTech? Financial technology is more commonly known as ‘FinTech’. It is a direct competition to traditional financial methods to deliver financial services. It is a dynamic, growing industry associated with the optimal and effective application of technology to financial services to improve efficiency and quality.
FinTech helps organisations, business owners and consumers better manage financial operations and transactions using specialised software and algorithms to make things faster and better. Development of crypto-currencies is also part of FinTech.
Today, any technological innovation or advancement in the financial sector is considered to be FinTech. Organisations have increased their focus on FinTech because of the positive impact on efficiency, customer experience and growth in the industry. Smartphones, mobile banking and crypto-currencies are some steps taken to increase the accessibility of financial services to the general public.
This Zoe training course will empower you with strong fundamental concepts and understanding of FinTech and its emerging importance worldwide today. By undertaking this course, you will gain detailed information and knowledge about all aspects necessary to understand FinTech to be able to optimally utilise it for your organisation.
Since FinTech is increasing in importance and is the need of today, this course will equip you with the required skillset and capabilities to introduce automation and technology in the financial sector and to efficiently fulfil higher roles and responsibilities, thus fostering career growth and progression.
Course Objectives
The main objective of this Fintech Certification Course training program is to empower professionals with—
- detailed knowledge and understanding of the fundamental concepts of FinTech
- the required skillset and capabilities to not only introduce but also successfully manage technology and automation in the organisation
- the necessary confidence and knowledge to train other professionals on the basics of FinTech
- the confidence and ability to measure, track and enhance organisational efficiency and growth through the introduction of FinTech, in turn demonstrating talent and potential and inviting further opportunities for growth and progression
- the ability and knowledge to check and enhance existing processes, making them faster, more accurate and leaner
- the capabilities and knowledge to secure a competitive edge for one’s organisation in the FinTech market space
- the required perspective and foresight to pre-empt challenges, risks and hindrances and address these to prevent them from hampering the progress of the organisation from the technological point of view
- the capability to increase client satisfaction through better, faster and more secure services to them at the least cost possible
Training Methodology
Zoe Talent Solutions creates training courses that suit an audience to the closest degree possible. Although courses are framed in advance, each course is thoroughly checked before commencement of a training program, to ensure relevance to the professional backgrounds of the training audience.
The training is delivered by an experienced professional from the relevant domain, using detailed audio-visual presentations. Group discussions and assignments ensure active trainee participation in the program. Case studies and role-plays help trainees relate training content to practical scenarios.
This format of a mixed approach to training is the typical format of Zoe Talent Solutions, called the Do–Review–Learn–Apply Model.
Organisational Benefits
By professionals undertaking this Fintech Certification Course, their organisations will derive the following benefits:
- Experienced and trained professionals to effectively introduce and manage FinTech within the organisation
- Free and regular training of other employees on working with advanced financial tools and technologies for greater efficiency
- Enhancement in current processes to make them leaner
- Increased organisational efficiency and growth
- Competitive advantage in the FinTech market space
- Application of advanced concepts and techniques of FinTech in the organisation
- Greater client satisfaction, leading to increased organisational growth
- Leaner operations and hence reduced costs
- Greater investments because of better risk assessment and management
Personal Benefits
Professionals enrolling for this Fintech Certification Course will derive the following benefits:
- Detailed understanding and knowledge of FinTech
- Increased awareness of advanced techniques and concepts related to FinTech
- Increased ability and capability to not only introduce FinTech in one’s organisation but also successfully manage it for optimal results
- Enhanced perspective and foresight to foresee challenges and hindrances and act upon these to prevent adverse effects on the growth prospects of the organisation
- Greater capability, skill and experience to undertake critical roles and responsibilities related to FinTech and ensure a positive impact on the growth of the organisation, in turn demonstrating one’s potential and talent, fostering career growth and progression
- A sense of satisfaction in achieving client satisfaction and delight through better and faster financial services
- Increased potential, understanding and knowledge to reduce costs through automation and other techniques for leaner operations
- Increased knowledge, experience and confidence to achieve a competitive advantage for one’s organisation in the FinTech market through the application of advanced techniques and strategies
Who Should Attend?
- Senior management of an organisation who play a key role in financial and technology-related decisions for the organisation and who need to understand the prospect of FinTech
- Finance advisors and managers responsible for providing strategic guidance and inputs to the top management for saving costs and increasing profits
- Members of the finance and accounts team as well as the technology team of an organisation responsible for handling and optimally utilising FinTech for improved efficiency and quality
- Managers and leaders of other teams who use software to enhance their departments’ efficiency and quality
- End-users of certain FinTech platforms who need to know how to best utilise the platform/software to derive the best results
- Any other professional who would like to know more about FinTech fundamentals
Course Outline
The course covers the following areas important to understand FinTech fundamentals:
Module 1 – Principles of FinTech
- Ecological- and social impact-oriented
- Enhancing financial resilience
- People- and stakeholder-oriented
- Democratically governed
- Accessible and convenient
- Empowering and educative
Module 2 – Participants in a FinTech Ecosystem
- Governments
- Financial institutions
- Entrepreneurs
Module 3 – FinTech Opportunity Drivers
- Massive market
- Mobile
- Demographics
- Data
- Regulatory compliances
- Security
Module 4 – Key Sectors of FinTech Application
- Mobile banking
- Internet banking
- Blockchain
- Insurance
- Predictive analytics
- Crowdfunding
- Peer-to-peer lending
- Smart finance management
- Innovative payments
- Robo-advisors
Module 5 – Design Systems Supporting FinTech Ecosystem Development
- Business environment (access to markets)
- Government (regulatory support)
- Access to capital
- Financial expertise
Module 6 – Role of the Government in FinTech Ecosystems
- Regulator
- Policy setter
- Landowner
- Developer
- Operator
- Service provider
Module 7 – Benefits of FinTech
- Better payment systems
- Rate of approval
- Greater convenience
- Efficient advice
- Advanced security
Module 8 – Challenges of FinTech
- Regulations
- Cyber security
- Retaining the human touch
Module 9 – Best Practices for FinTech Compliance
- Digital-only enterprises
- Anti-money laundering (AML) scrutiny
- Keeping consumers in mind
- Know your customer
- Plan ahead
Module 10 – Applications of Artificial Intelligence to FinTech
- Digital financial coach/advisor
- Transaction search and visualisation
- Client risk profile
- Underwriting, pricing and credit risk assessment
- Automated claims processes
- Contract analyser
- Churn prediction
- Algorithmic training
- Augmented research tool
- Valuation models
