EXECUTIVE EDUCATION

Fintech Innovation: Disrupting the Financial Landscape

Get Your Brochure

Course Dates
DEADLINE EXTENDED

13 May 2021

Course Duration

DURATION

6 weeks, online
4-6 hours per week

Course Duration

PROGRAMME FEE

US$2,000

Course Information Flexible payment available

The Nexus of Information in FinTech

FinTech innovators understand that banks, lenders, wealth managers and insurance companies are now in the business of information exchange management. These financial intermediaries are using customer and market condition data to improve the quality, speed and price at which value is delivered.

Data trading can have its dark side, as regulators work to keep pace with revolutionary disruption. Innovators who exchange and consume customer information to profit both their organisations and their clientele can make FinTech a force for good.

We will consider how information is used by FinTech firms to build insights and influence consumer behaviour:

With 1 in 4 adults in the U.K. feeling financially squeezed, FinTech firms are using behavioural data to guide customers to better financial decisions, such as apps that auto-escalate debt repayments in line with pay rises.

SOURCE: The Behavioural Insights Team

The next best action (NBA) or intelligent nudge delivers results, helping 44% of participants in a London-based AI retirement solutions platform to increase their savings contributions.

SOURCE: Financial Advisor

Key Takeaways

This programme delivers value by providing participants with a broad view of FinTech and an understanding of the influence of technology on the ways data is used, misused, leveraged and shared by financial intermediaries. At the end of this six-week programme, you will be able to:

  • Articulate the changing roles in the finance industry.
  • Identify the problems of imperfect information, asymmetric information and behavioural biases.
  • Analyse various technologies used to address information problems.

Who Should Attend?

This programme provides participants with a strategic overview of FinTech; an understanding of the impact of technological advancements such as big data, AI and blockchain; and a deeper knowledge of how technology can address information problems. Participants who will benefit most include:

  • Mid- to senior-level banking and finance professionals
  • CXOs of FinTech startups
  • Trading strategists
  • Consultants
  • Compliance/regulatory professionals

Representative roles include:

  • Finance Director
  • VP of Finance
  • Financial Planning Manager
  • Finance Manager
  • Financial Analyst
  • Credit Analyst
  • Economist
  • Management Accountant
  • Investor
  • Startup Managing Partner
  • Startup Founding Partner
  • Startup CEO
  • Startup CFO
  • Fund Manager
  • Investment Director
  • Investment Strategist
  • Portfolio Manager
  • Asset Manager
  • Venture Capitalist
  • Financial Advisor
  • Algorithmic Trader
  • FinTech Advisor
  • FinTech Consultant
  • Associate FinTech Consultant
  • FinTech Strategic Advisor
  • VP/Audit & Compliance
  • Compliance Manager
  • Risk Manager
  • Audit Manager

Syllabus

Participants should expect to devote 4-6 hours per week to the programme, including faculty lectures, activities and assigned readings.

Module 1:

Information and Innovation

Why has the volume of financial innovation exploded? This module explains the traditional roles of banks, the changing roles of financial intermediaries, the shift of information access from banks to the individual and the three main information problems that impact financial services.

Module 2:

Imperfect Information and Big Data

What are the ways in which technology effectively addresses the problem of imperfect information? We will explain big data’s role in the shift of information access and illustrate ways AI creates opportunities to improve revenue and profits.

Module 3:

Trusting Your Counterparty

What happens to trust when you don’t know your counterparty? We will illustrate how blockchain and smart contracts enable trust even in anonymity. We analyse the current and future uses of blockchain and explain how smart contracts are changing customers, services and industries.

Module 4:

Asymmetric Information

In this module, we explore two problems of asymmetric information: moral hazard and adverse selection and the ways technology mitigates these problems. We examine the application of signalling and screening on asymmetric information problems and analyse how interest rates and lending platforms are used to address asymmetric information.

Module 5:

Behavioural Biases and Nudge Solutions

Identify ways technology effectively addresses behavioural biases and explores the impact of behavioural biases on decision making. Examine how nudge solutions impact consumer behaviour and determine the ideal investment portfolios using machine learning algorithms.

Module 6:

The Dark Side of Data

Analyse the governance, privacy concerns and risks related to financial innovation. Illustrate ways technology effectively addresses the problem of externalities and discuss the future of financial innovation.

Module 1:

Information and Innovation

Why has the volume of financial innovation exploded? This module explains the traditional roles of banks, the changing roles of financial intermediaries, the shift of information access from banks to the individual and the three main information problems that impact financial services.

Module 4:

Asymmetric Information

In this module, we explore two problems of asymmetric information: moral hazard and adverse selection and the ways technology mitigates these problems. We examine the application of signalling and screening on asymmetric information problems and analyse how interest rates and lending platforms are used to address asymmetric information.

Module 2:

Imperfect Information and Big Data

What are the ways in which technology effectively addresses the problem of imperfect information? We will explain big data’s role in the shift of information access and illustrate ways AI creates opportunities to improve revenue and profits.

Module 5:

Behavioural Biases and Nudge Solutions

Identify ways technology effectively addresses behavioural biases and explores the impact of behavioural biases on decision making. Examine how nudge solutions impact consumer behaviour and determine the ideal investment portfolios using machine learning algorithms.

Module 3:

Trusting Your Counterparty

What happens to trust when you don’t know your counterparty? We will illustrate how blockchain and smart contracts enable trust even in anonymity. We analyse the current and future uses of blockchain and explain how smart contracts are changing customers, services and industries.

Module 6:

The Dark Side of Data

Analyse the governance, privacy concerns and risks related to financial innovation. Illustrate ways technology effectively addresses the problem of externalities and discuss the future of financial innovation.

*For more information on the syllabus, download the brochure.

Download Brochure

FinTech Examples

Social Credit Systems

Social Credit Systems

Why would Chinese citizens sign up to have an algorithm score how valuable they are as a human being?

Digital Disruptors

Digital Disruptors

Discover how the competitive landscape has changed for financial services firms like Wells Fargo.

P2P Lending Models

Explore how organisations like Kiva provide funding for the unbanked.

Smart Contract Technology

Smart Contract Technology

Discover how the largest crowdfunding in history; the DAO, raised over $150m only to fail due to a recursive call bug.

Faculty

Profile picture of programme faculty, Dr. Raghavendra Rau

Dr. Raghavendra Rau

Sir Evelyn de Rothschild Professor of Finance MBA (IIM Bangalore), MSc, PhD (INSEAD)

Professor Rau is the Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School. He is also past president of the European Finance Association and a past editor of Financial Management. More info

Certificate

Example image of certificate that will be awarded after successful completion of this program

Certificate

Upon successful completion of the programme, participants will be awarded a digital Certificate of Completion by Cambridge Judge Business School Executive Education.

Download Brochure

Note: After successful completion of the online programme, your verified digital certificate will be emailed to you in the name you used when registering for the programme. All certificate images are for illustrative purposes only and may be subject to change at the discretion of Cambridge Judge Business School.

Apply Now

Early registrations are encouraged. Seats fill up quickly!

Flexible payment options available. Learn more.