This course is part of the Fintech: Foundations & Applications of Financial Technology Specialization

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Fintech: Foundations & Applications of Financial Technology SpecializationUniversity of Pennsylvania

About this Course

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In this course, you’ll learn the key components of modern-day investment strategies which utilize fintech. Professors Natasha Sarin and Chris Geczy  of the Wharton School have designed this course to help you understand the complex structure of  payment methods and financial regulations, so you can determine how fintech plays a role in the future of investing. Through analysis of robo-advising and changing demographic forces, you’ll learn how basic elements of trust underlie complex choice architecture in investments and impact investing. You’ll also explore payment methodologies and how fintech is emerging as an entrepreneurial solution to both investments and payment systems. By the end of this course, you’ll be able to identify different financial technologies, and understand the dynamic between the innovations and regulations,  and  employ best practices in developing a fintech strategy for yourself or your business. No prerequisites are required for this course, although a basic understanding of credit cards and other payment methods is helpful.

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Coursera Labs

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Course 1 of 4 in the

Fintech: Foundations & Applications of Financial Technology Specialization

Beginner Level

Approx. 6 hours to complete

English

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Course 1 of 4 in the

Fintech: Foundations & Applications of Financial Technology Specialization

Beginner Level

Approx. 6 hours to complete

English

Instructors

Instructor rating

4.66/5 (609 Ratings)

Christopher Geczy

Adjunct Professor of Finance

Finance

66,497 Learners

5 Courses

Natasha Sarin

Assistant Professor of Law

Law

45,710 Learners

1 Course

Offered by

University of Pennsylvania

Syllabus - What you will learn from this course

Content Rating96%(2,836 ratings)

Week1

Week 1

1 hour to complete

Module 1: Overview of FinTech & Market Size

This module was designed to give you foundational overview of FinTech and robo-advising. You’ll identify the main goals of fintech and forecast the future of robo-advising by discussing Vanguard’s Personal Advisor Services. Through defining the market size, you’ll learn key areas in which fintech and financial apps have gained traction. And finally, you will analyze the reported valuations of selected robo-advisors and observe the growth of fintech in both insurtech and global markets. By the end of this module, you’ll be better able to assess the value of FinTech and robo-advising, and gain a better understanding of the future of fintech in various financial markets.

1 hour to complete

8 videos (Total 27 min), 1 reading, 1 quiz

Week2

Week 2

2 hours to complete

Module 2: Key Considerations in FinTech

In this module, you’ll examine new attitudes towards financial advice and trust in the financial industry. Through close examination of the financial behaviors of millennials, you’ll gain a deeper understanding of the effects of technology in changing personal financial practices. You’ll also explore the emergence of risk aversion and impact investing due to changing ideas about the purpose of businesses. Then you’ll discuss the key components and characteristics of both a successful financial advisor and financial algorithms. By the end of this module, you will better understand the future of investing, and be able to utilize trust to overcome volatile markets and navigate complex decisions.

2 hours to complete

6 videos (Total 58 min), 1 reading, 1 quiz

Week3

Week 3

2 hours to complete

Module 3: Payments

In this module, you’ll be introduced to the foundations of payment methods, and focus more closely on the history and regulation of payments. You’ll begin by examining the history and current global trends in payment methods by analyzing UnionPay. Then you’ll look at the evolution of credit cards, the two-sided payment markets, and the inherent issues of the credit card payment system. You’ll learn key aspects behind complex payment processes, the regulation behind payment methods, and promising solutions from fintech for concerns in the credit card market. By the end of this module, you’ll have a richer understanding of the growth of payment systems and their regulations, and of the impact of fintech in the future of payment systems.

2 hours to complete

11 videos (Total 71 min), 1 reading, 1 quiz

11 videos

Professor Sarin Introduction29sHistory of Payment Methods4mCurrent Global Trends in Payment Methods6mTwo-Sided Payment Markets10mComplexity of Payment Process6mCost Burden for Merchants5mWho Pays for Credit Card Reward6mIntroduction to Regulation11mUS Credit Regulation11mInternational Credit Regulation3mFuture of Payment Networks4m

1 reading

Module 3 Lecture Slides10m

1 practice exercise

Module 3 Quiz: Payments30m

Week4

Week 4

2 hours to complete

Module 4: Regulation

In this module, you’ll be introduced to the concerns and innovations in financial regulation and focus more closely on the emergence of fintech. By discussing theoretical criticisms of regulation, you’ll gain a better understanding behind balance between regulation and innovation and the tradeoffs that come with the balance. Through analyzing the Great Recession of 2008 and its impact on regulations in the financial industry, you’ll study the emergence of fintech as an entrepreneurial solution for financial businesses. Through identification of fintech and outlining its massive growth, you will evaluate the main benefits and issues within this the emerging field. By the end of this module, you’ll be able to identify how regulations manage innovative approaches, and employ best practices of utilizing fintech in your organization while understanding the global landscape of fintech regulation

2 hours to complete

11 videos (Total 63 min), 1 reading, 1 quiz

Reviews

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TOP REVIEWS FROM FINTECH: FOUNDATIONS, PAYMENTS, AND REGULATIONS

by PAJan 25, 2023

Thank you, Wharton University of Pennsylvania, for the course. The content covered in the lectures forms a foundation of the Fintech sector and the working compliance of institutions.

by IKMay 12, 2021

It is great being a part of this class. I though wish the Quiz and questions are more centric around us reasoning after understanding and not necessarily cramming for figures and numbers.

by SPDec 28, 2021

Good for beginners to vet their appetite and dig deeper going forward. Well conceptualized in terms of course content and flow for the target learners. Thanks for the effort, Coursera and Wharton.

by PPJun 28, 2019

Very useful dive into what fintech is and is not, the potential benefits globally, the potential risks, and the challenges of regulation within countries and between countires

View all reviews

About the Fintech: Foundations & Applications of Financial Technology Specialization

Wharton's Fintech Specialization is designed to introduce you to the fundamental building blocks of financial technologies and real-world applications through case studies of Wharton-led companies in the field. You'll learn the the essential components of technology-driven financial strategies, from complex regulations to cryptocurrency to portfolio optimization.

You'll also learn how modern investment strategies deploy technology to produce optimal results, explore the disruptive force of changing payment methods, analyze the changing regulatory landscape, and gain a deeper understanding of robo-advising, crowdfunding, peer-to-peer lending, and blockchain. By the end of this Specialization, you'll be able to make informed decisions about deploying financial technologies for yourself or for your business, giving you a competitive advantage in using the latest financial innovations.

Fintech: Foundations & Applications of Financial Technology

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
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The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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FinTech: Foundations, Payments, and Regulations

About this Course