FinTech Risk Management from Coursera

This course “FinTech Risk Management” help you understand risk management and corporate governance in finance industry with the disruption by FinTech and RegTech. You will become more confident to analyse and make recommendations to develop business strategies balancing the risks in operation, reputation and the stability of finance firms.

You will learn about new challenges of compliance with financial requirements and government regulations and how you can deal with these changes, strategies in analysing FinTech risk and how operation risks increase in finance industry in this changing environment. As tech firms are now becoming more like finance firms such as Alibaba, Apple, and Tencent etc., you will learn about the importance of IT compliance and assurance and practical skills in dealing with these changes.

What's inside

Syllabus

Compliance with financial requirements & government regulations

In this module, we will focus on the financial perspective of FinTech compliance and assurance. Failure to comply with regulations can result in large fines as well as business failures. However, financial compliance is only one part of risk management for FinTech firms.

FinTech Compliance with corporate governance: Objectives, guidelines,& policy

In this module, we examine different types of risks and explain why operational risks and business risks are becoming more important to FinTech firms. The second, third and fourth derivatives for different types of risks are explained and compared. Techniques and tools for risk analysis and internal controls are also described.

IT Compliance & Assurance Part 1

In this module, learners will gain a overall IT perspective of business application development and compliance in this area. We will examine 3 different system changeover methods when implementing new system & replacing the old system and the comparison. Also we will look into the risks associate with new system development and compliance of change management process.

IT Compliance & Assurance Part 2

In this module, learners will gain an overall picture of business continuity plan and disaster recovery plan. It's essential to plan ahead before something bad happen to the systems (e.g. Data breach or cyber hacking) We will discuss the process of creating a business continuity plan for an organisation and the strategies in data back up and restoration policy.

Peer-graded Final Project

In this module, learners will complete a final project for the course involving research on how FinTech creates new sources of risks & challenges to large existing financial institutions and develop business strategies balancing the risks in operation, reputation and the stability of those firms.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Teaches how changes in finance by FinTech influence risk management and corporate governance

Appropriate for those who manage risks in finance by equipping them with the strategies to balance risks in operation, reputation, and finance firm stability

Develops knowledge on contemporary challenges of adhering to regulatory and government requirements in finance

Explores the increasing significance of operational and business risks in the face of FinTech advancements

Covers essential topics for individuals aiming to understand the influence of FinTech on risk management and corporate governance

Requires some prior experience or understanding of finance and risk management concepts

Reviews summary

Well-received fintech risk course

learners say this course offers a solid curriculum for fintech risk management. Lectures are thorough and provide case studies and business examples. There are challenging quizzes and a final project that facilitate engagement and peer learning. Some learners remark that the course materials are a bit dry, but most agree that the course is highly valuable and informative.

Good focus on business continuity planning.

"Good coverage of IT compliance especially BCP/DR strategies"

"In general a very good course which gives the basic idea of risk management and a good focus on the necessity of a proper BCP"

"The course materials is good. The only challenge would be the final project which may not be so suitable for Coursera platform and peer review"

Well-prepared teachers.

"knowledgeable course"

"Really like the way prof. Clark teaches his classes"

"The teachers are well prepared and explain every topic very well"

Excellent course content.

"An excellent overview of risk management in Fintechs"

"Excellent course lecture in terms of risk management for fintech business."

"The course content was excellent"

Course materials are a bit dry.

"It is still at basic and bookish level"

"In general a very good course which gives the basic idea of risk management and a good focus on the necessity of a proper BCP. A little bit dry, but informative. Therefore 4 stars."

"This is generally good course on Fintech and FI, albeit on introductory basis; Week 4 on Risk Management is really low-tech, say backups are using tapes and CD, and in general is using dated materials. Otherwise, the course is nice intro and refresher on the area"

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in FinTech Risk Management with these activities:

Review: Corporate Governance and Risk Management

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Gain insights into corporate governance and risk management practices to solidify understanding

View Corporate Governance on Amazon

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Read the book to understand the principles of governance and risk management
Summarize key takeaways and apply them to practical scenarios

Online Tutorials on FinTech Trends

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Seek additional understanding of FinTech trends through guided tutorials

Browse courses on Fintech

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Identify reputable online platforms for FinTech tutorials
Select tutorials on relevant topics
Complete the tutorials and take notes

Principles of IT Audit and Assurance

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Review fundamental principles in IT Audit and Assurance to strengthen core concepts

Browse courses on IT Audit

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Review fundamental internal control and risk management concepts
Examine and apply the core principles of IT assurance

Six other activities

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Show all nine activities

Discussion Groups on FinTech Regulations

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Participate in group discussions to share and learn diverse perspectives on FinTech regulations

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Join online discussion forums or communities
Identify and participate in discussions on FinTech regulations
Share insights, ask questions, and engage with other participants

Case Study Analysis on FinTech Risk Management

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Analyze and discuss case studies to apply risk management concepts in FinTech

Browse courses on Case Study Analysis

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Review different case studies on FinTech risk management
Identify the key risks and challenges presented in the case study
Propose strategies to mitigate or manage the identified risks

Practice identifying financial risks

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Refine your ability to anticipate and categorize financial risks relevant to FinTech companies.

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Review the course materials on financial risk identification.
Complete the practice exercises provided in the course.
Seek out additional practice problems or case studies online.

Attend FinTech Industry Conferences

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Attend industry conferences and events to network with experts and gain insights into FinTech trends

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Research upcoming FinTech conferences and identify relevant ones
Register and attend the conference
Network with speakers, attendees, and industry professionals

Risk Governance Platform Development

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Develop a prototype for a risk governance platform to demonstrate practical application of concepts

Browse courses on Risk Governance

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Research different platform for Risk Governance
Design a platform to meet the business need
Develop the platform

Blog or Article on Emerging FinTech Risks

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Compose a blog post or article to explore and present emerging risks in FinTech

Browse courses on Blog Writing

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Research and explore emerging risks in the FinTech industry
Develop an outline and structure for the blog post or article
Write and edit the content, ensuring clarity and accuracy

Career center

Learners who complete FinTech Risk Management will develop knowledge and skills that may be useful to these careers:

FinTech Project Manager

FinTech Project Managers lead teams across technical and non-technical disciplines to create innovative financial solutions. A deep understanding of financial compliance and risk assessment is vital to this role, which is why the FinTech Risk Management course at The Hong Kong University of Science and Technology is an ideal choice for aspiring FinTech Project Managers. This course teaches the regulatory procedures for the FinTech industry, and empowers graduates with the skills necessary to analyze and develop risk management and compliance strategies.

See salaries and explore the career path for FinTech Project Manager

Financial Compliance Analyst

Financial Compliance Analysts ensure that financial institutions adhere to all relevant laws and regulations. To succeed in this role, it is essential to stay up-to-date with the latest compliance requirements for the financial sector. The FinTech Risk Management course at The Hong Kong University of Science and Technology is highly relevant to Financial Compliance Analysts, as it provides a comprehensive overview of the regulatory landscape for FinTech companies. Graduates will be well-equipped to identify and mitigate potential compliance risks.

See salaries and explore the career path for Financial Compliance Analyst

Risk Manager

Risk Managers are responsible for identifying, assessing, and managing risks across an organization. In the financial sector, Risk Managers play a critical role in ensuring the stability of financial institutions. The FinTech Risk Management course at The Hong Kong University of Science and Technology is an excellent choice for aspiring Risk Managers, as it provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Risk Manager

Internal Auditor

Internal Auditors are responsible for evaluating the effectiveness of an organization's internal controls and risk management processes. In the financial sector, Internal Auditors play a crucial role in ensuring the accuracy and reliability of financial reporting. The FinTech Risk Management course at The Hong Kong University of Science and Technology is highly relevant to Internal Auditors, as it provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Internal Auditor

Compliance Officer

Compliance Officers are responsible for ensuring that their organizations comply with all applicable laws and regulations. In the financial sector, Compliance Officers play a critical role in mitigating risk and protecting the reputation of financial institutions. The FinTech Risk Management course at The Hong Kong University of Science and Technology is an excellent choice for aspiring Compliance Officers, as it provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Compliance Officer

FinTech Consultant

FinTech Consultants advise financial institutions and FinTech companies on how to manage risk and implement new technologies. To be successful in this role, it is essential to have a deep understanding of the financial services industry and the latest regulatory requirements. The FinTech Risk Management course at The Hong Kong University of Science and Technology is an ideal choice for aspiring FinTech Consultants, as it provides a comprehensive overview of the FinTech industry and the regulatory landscape.

See salaries and explore the career path for FinTech Consultant

FinTech Product Manager

FinTech Product Managers lead the development of new financial products and services. To be successful in this role, it is essential to have a deep understanding of the financial services industry, technology, and risk management. The FinTech Risk Management course at The Hong Kong University of Science and Technology is an ideal choice for aspiring FinTech Product Managers, as it provides a comprehensive overview of the FinTech industry and the regulatory landscape.

See salaries and explore the career path for FinTech Product Manager

FinTech Business Analyst

FinTech Business Analysts gather and analyze data to help financial institutions make informed decisions. To be successful in this role, it is essential to have a strong understanding of finance, technology, and risk management. The FinTech Risk Management course at The Hong Kong University of Science and Technology is an excellent choice for aspiring FinTech Business Analysts, as it provides a comprehensive overview of the FinTech industry and the regulatory landscape.

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IT Auditor

IT Auditors are responsible for evaluating the effectiveness of an organization's IT systems and controls. In the financial sector, IT Auditors play a critical role in ensuring the security of financial data and systems. The FinTech Risk Management course at The Hong Kong University of Science and Technology is highly relevant to IT Auditors, as it provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

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Portfolio Manager

The FinTech Risk Management course at The Hong Kong University of Science and Technology may be useful to Portfolio Managers who work in the financial sector. This course provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Portfolio Manager

Investment Banker

The FinTech Risk Management course at The Hong Kong University of Science and Technology may be useful to Investment Bankers who work in the financial sector. This course provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Investment Banker

Financial Analyst

The FinTech Risk Management course at The Hong Kong University of Science and Technology may be useful to Financial Analysts who work in the financial sector. This course provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Financial Analyst

Data Scientist

The FinTech Risk Management course at The Hong Kong University of Science and Technology may be useful to Data Scientists who work in the financial sector. This course provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Data Scientist

Software Engineer

The FinTech Risk Management course at The Hong Kong University of Science and Technology may be useful to Software Engineers who work in the financial sector. This course provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for Software Engineer

FinTech Marketer

The FinTech Risk Management course at The Hong Kong University of Science and Technology may be useful to FinTech Marketers, who are responsible for promoting and marketing financial products and services. This course provides a deep understanding of the risks associated with FinTech and the regulatory frameworks in place to mitigate these risks.

See salaries and explore the career path for FinTech Marketer