About this course: Our primary goal is to 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 crypto-currencies like BitCoin & ICO. This MOOC on RegTech offered by HKUST presents the views of several professors from the top business school in Asia as well as perspectives from industry professionals. HKUST has been ranked for many years as the number one EMBA program in the world, as the number one Finance program in Asia, and as the top MBA program in Asia by multiple independent rating and review journals and surveys. This course offers the combined strengths of HKUST in Business, Finance, and Technology as one the world's leading academic institutions on an important area of technology and business innovations. For students from outside Asia, this also gives an insight into changes happening in the most advanced FinTech markets of the world, since Asia leads worldwide in FinTech adoption and creative innovations. This course "FinTech Security & Regulation(RegTech)" is part of the HKUST-Coursera FinTech specialization. There are 3 other courses in the specialization including FinTech Foundations and Overview, FinTech Risk Management, and FinTech Innovative Disruption: Implications for Society. The FinTech specialization will be launched in Fall 2018, stay tuned!
Who is this class for: Everyone who is interested in RegTech and wants to learn more is welcome and will benefit from this course. However, the focus is on the business of RegTech, and it is not an engineering or technical course, so it is not designed or intended for tech geeks who want to become experts in the underlying technologies of FinTech.
Created by: The Hong Kong University of Science and Technology
Taught by: Theodore Henry King CLARK, Associate Professor
Information Systems, Business Statistics and Operations Management Department
| Level | Beginner |
| Commitment | 7 hours of videos in total, plus a final project requiring about 4 hours to complete. |
| Language | English |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
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.
14 videos, 2 readings
- Reading: Course Outline
- Reading: Assignment & Grading
- Discussion Prompt: Meet & Greet!
- Video: 1.2a Risk & Risk Management (Part 1)
- Video: 1.2b Risk and Risk Management (Part 2)
- Discussion Prompt: High level of fraud in FinTech companies?
- Video: 1.3a Goals of Security & Regulation (Part 1)
- Video: 1.3b Goals of Security & Regulation (Part 2)
- Video: 1.4a What is RegTech? (Part 1)
- Video: 1.4b What is RegTech? (Part 2)
- Video: 1.5a What is InsurTech? (Part 1)
- Video: 1.5b What is InsurTech? (Part 2)
- Discussion Prompt: RegTech disruption
- Video: 1.6a Do regulations help society? (Part 1)
- Video: 1.6b Do regulations help society? (Part 2)
- Video: 1.7a How much security is optimal? (Part 1)
- Video: 1.7b How much security is optimal? (Part 2)
- Discussion Prompt: "Ease of use" vs "Security"
- Video: 1.8 FinTech Security and Regulation : Introduction & Overview Summary
Graded: Module 1 Quiz
WEEK 2
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.
12 videos
- Video: 2.2 AML & KYC in FinTech
- Video: 2.3 Interview with the Chief Operating Officer of HSBC Asia Pacific about RegTech
- Video: 2.4a Government Regulation to Protect Consumers (Part 1)
- Video: 2.4b Government Regulation to Protect Consumers (Part 2)
- Video: 2.5a Regulation to Increase Tax Compliance & Control (Part 1)
- Video: 2.5b Regulation to Increase Tax Compliance & Control (Part 2)
- Video: 2.6a Insurance, Risk Management, and Controls to Protect Society (Part 1)
- Video: 2.6b Insurance, Risk Management, and Controls to Protect Society (Part 2)
- Video: 2.7a Weak Regulations lead to Financial Crisis & Meltdown: AIG case study (Part 1)
- Video: 2.7b Weak Regulations lead to Financial Crisis & Meltdown: AIG case study (Part 2)
- Discussion Prompt: Too big to fail?
- Video: 2.8 Risk Management & Government Control Summary
Graded: Module 2 Quiz
WEEK 3
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.
11 videos
- Video: 3.2a Cybersecurity- Data and Related Technologies (Part 1)
- Video: 3.2b Cybersecurity- Data and Related Technologies (Part 2)
- Video: 3.3a Cybersecurity - Human Related Issues (Part 1)
- Video: 3.3b Cybersecurity - Human Related Issues (Part 2)
- Discussion Prompt: Have you ever lost your work phone?
- Video: 3.4a Digital Forensics & Electronic Evidence Discovery (Part 1)
- Video: 3.4b Digital Forensics & Electronic Evidence Discovery (Part 2)
- Video: 3.5a UN Model Law on E-commerce & FinTech (Part 1)
- Video: 3.5b UN Model Law on E-commerce & FinTech (Part 2)
- Video: 3.6 Recommendations for FinTech Firms on Cybersecurity
- Video: 3.7 Fraud, Crimes, & Security Summary
Graded: Module 3 Quiz
WEEK 4
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.
9 videos
- Video: 4.2a UK Open Banking Initiative (Part 1)
- Video: 4.2b UK Open Banking Initiative (Part 2)
- Video: 4.3 USA and European Regulations on FinTech
- Video: 4.4 Cryptocurrencies & ICO Regulations
- Video: 4.5 FinTech Innovation by Government - Berkeley ICO
- Discussion Prompt: Government initiatives on FinTech
- Video: 4.6 China Regulations and Restrictions on FinTech
- Video: 4.7 Hong Kong, Singapore, & Other Markets on RegTech
- Video: 4.8 Global Trends and Government Initiatives in RegTech Summary
Graded: Module 4 Quiz
WEEK 5
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.
1 video, 1 reading
- Reading: Rate this course
- Discussion Prompt: Give us feedback!
Graded: FinTech Security & Regulation Final Project
FAQs
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Coursework
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Pricing
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| Access to course materials | Available |
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Ratings and Reviews
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Love this course. Excellent ccontent. Providing a good overview on regulations and compliance on FinTech.