FinTech Disruptive Innovation: Implications for Society from Coursera

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Syllabus

Evolution vs Revolution

In this module, we will explore the nature of evolutionary versus revolutionary innovations and business transformations. Innovation disruption as a popular business concept will be examined in the context of the social and economic transformations enabled by FinTech innovations. A case example of peer to peer lending will be used to illustrate and explore these issues in a FinTech context.

Diversity of Impact

FinTech innovations are not uniform in their impact on and adoption by different participants in the global economy. Differences in adoption, attitudes, and capabilities will be explored based on country, size, age, and access to capital or technology in an effort to better understand the likely pace of adoption and transformation that will result from FinTech innovations.

Predicting the Future of FinTech

Predicting the future is easy, but being right in what you are predicting is hard. One challenge in regard to understanding the impact of change in the future is that the pace of change is often more important than the eventual nature of market evolution. If change is fast, large established firms are likely to be disrupted and face new competitors that will challenge prior industry structures. When change is slower, or more evolutionary in nature, large firms have time to adapt and thrive in spite of change (although it still may be hard to change culture, even if the changes are slow). In this module, we will examine both the evolution of FinTech markets and capabilities, and the likely pace of changes.

Implications for Careers

For many learners, the most important part of this course is going to be "so how will this affect me?" In this module, we will discuss and examine implications for both firms and individuals working in these types of firms for their future careers. Some conclusions might be unexpected, such as the risk-adjusted rewards for employees of large, innovative firms might be higher than the average returns in society for smaller startup employees (the founders might get rich, but employees of small firms do not always share in these riches). While it might be good to stay with a large financial services firm that is investing in and adapting to changes in the financial services industry, the skills that are needed to be successful in any career in financial services are likely to change in the future, and employees who are willing to invest in developing new skills and talents are more likely to success in the future.

Peer-graded Final Project

This final project is designed to help you examine your own firm and your own career in the context of FinTech market innovations, and to develop a plan for improving your future career prospects and options.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Hits on a topic that is in high demand in the financial services industry

Taught by two instructors that are known for their work in financial technology

Helps learners develop skills in understanding the nature of evolutionary versus revolutionary innovations and business transformations

Emphasizes the rapid pace of change and its impact on financial services firms, making it ideal for those in a finance-related job

May require learners to do extensive reading and research, as indicated by the inclusion of a peer-graded final project

Reviews summary

Fintech innovation's societal impact

Learners say that this excellent course on FinTech's impact on society is brilliantly conducted, with inspiring and useful content for a great learning experience. According to students, it's ideal for career development in FinTech, but note that a low number of applicants could lead to occasional grading issues.

Learners found this course to be very helpful for career growth in FinTech.

"Excellent course to inspire my career development on FinTech industry with valuable advice."

"Great finish to the whole specialization. I really liked the last assignment. It made me think about what I want to achieve in my career."

"The whole specialization is a wonderful learning and feels great to learn some new things and revise a few old learning."

Learners are very happy with the quality of course content.

"Brilliantly conducted and presented course."

"I really liked the course, it has a more personal approach and deals with the future work and career."

"Great summary of the final FinTech online course of the 4-courses specialization."

Some learners experienced occasional grading issues due to the low number of applicants.

"Good Course. However, this course could have been incorporated in any of the other three courses as an extra week or two. This particular course has less applicants historically and reviewing is an issue sometimes. Overall, good content by Professor Theodore."

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 Disruptive Innovation: Implications for Society with these activities:

Review Financial Fundamentals

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Review fundamental concepts of finance, such as time value of money, risk and return, and capital budgeting. This will strengthen your understanding of the course material and prepare you for success.

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Review textbooks and class notes from previous finance courses
Complete practice problems and exercises to test your understanding

Learn a Programming Language for FinTech

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Enroll in online tutorials or courses to learn a programming language that is commonly used in FinTech, such as Python or R. This will expand your technical skills and enhance your employability.

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Choose a programming language and find appropriate learning resources
Follow online tutorials and complete practice exercises

Attend FinTech Industry Events

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Attend industry events, such as conferences, meetups, and networking sessions, to connect with professionals in the FinTech field. This will broaden your network and expose you to new ideas and opportunities.

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Identify and register for relevant FinTech events
Prepare an elevator pitch and make meaningful connections

Two other activities

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Develop a FinTech Idea

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Brainstorm and develop an innovative FinTech idea that addresses a specific problem or opportunity in the financial industry. This will help you apply the concepts learned in the course and foster creativity.

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Research industry trends and identify potential problems and opportunities
Generate and evaluate multiple FinTech ideas
Develop a business plan and pitch deck for your idea

Solve FinTech Case Studies

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Work through real-world FinTech case studies to analyze and solve complex problems. This will enhance your critical thinking skills and ability to apply course concepts to practical scenarios.

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Read and analyze FinTech case studies
Identify key issues and challenges
Develop and evaluate potential solutions

Career center

Learners who complete FinTech Disruptive Innovation: Implications for Society will develop knowledge and skills that may be useful to these careers:

FinTech Entrepreneur

FinTech entrepreneurs start and run businesses that use technology to improve the financial industry. They may develop new products and services, or they may find new ways to deliver existing products and services. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you develop a successful FinTech business.

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FinTech Product Manager

FinTech product managers develop and manage financial products and services. They work with engineers, designers, and other stakeholders to create products that meet the needs of customers. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you develop better FinTech products and services.

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FinTech Consultant

FinTech consultants provide advice to financial institutions on how to use technology to improve their businesses. They may work on a variety of projects, including developing new products and services, improving existing systems, and implementing new technologies. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you provide better advice to financial institutions.

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FinTech Data Scientist

FinTech data scientists use data to solve problems in the financial industry. They may work on projects such as developing new products and services, improving existing systems, and identifying and mitigating risks. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you use data to solve problems in the financial industry.

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FinTech Engineer

FinTech engineers design, develop, and maintain software systems for financial institutions. They work on a variety of projects, including developing new products and services, improving existing systems, and ensuring that systems are secure. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you develop better software systems for financial institutions.

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FinTech Researcher

FinTech researchers study the impact of technology on the financial industry. They may work on a variety of topics, including the development of new products and services, the impact of regulation on innovation, and the use of data to improve financial decision-making. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you conduct better research on FinTech topics.

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FinTech Marketer

FinTech marketers develop and execute marketing campaigns for financial products and services. They work with a variety of channels to reach target audiences, including online, offline, and social media. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you develop more effective marketing campaigns for FinTech products and services.

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FinTech Salesperson

FinTech salespeople sell financial products and services to individuals and organizations. They work with a variety of clients, including businesses, governments, and individuals. The course “FinTech Disruptive Innovation: Implications for Society” can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you sell FinTech products and services more effectively.

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Compliance Officer

Compliance officers ensure that their organizations comply with all applicable laws and regulations. They also develop and implement policies and procedures to prevent and detect compliance violations. The course “FinTech Disruptive Innovation: Implications for Society” may be useful because it can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you develop and implement more effective compliance programs.

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Venture Capitalist

Venture capitalists invest in early-stage companies with the potential for high growth. They provide funding and guidance to help these companies succeed. The course “FinTech Disruptive Innovation: Implications for Society” may be useful because it can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you identify and invest in the most promising early-stage companies.

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Financial Planner

Financial planners help individuals and families plan for their financial future. They provide advice on a variety of topics, including budgeting, saving, investing, and retirement planning. The course “FinTech Disruptive Innovation: Implications for Society” may be useful because it can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you provide better advice to your clients and help them achieve their financial goals.

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Risk Manager

Risk managers identify and assess risks that could affect an organization. They develop and implement strategies to mitigate these risks. The course “FinTech Disruptive Innovation: Implications for Society” may be useful because it can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you identify and mitigate risks that could affect your organization.

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Portfolio Manager

Portfolio managers oversee the investment portfolios of individuals and organizations. They make decisions about which investments to buy and sell in order to meet the goals of their clients. The course “FinTech Disruptive Innovation: Implications for Society” may be useful because it can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you make better investment decisions and achieve better results for your clients.

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Investment Banker

Investment bankers help companies raise money by issuing new stock or debt. They also advise companies on mergers and acquisitions. The course “FinTech Disruptive Innovation: Implications for Society” may be useful because it can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you better advise your clients on how to raise money and grow their businesses.

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Financial Analyst

Financial analysts study the overall economy and industry trends in order to provide advice to individuals and organizations on how to make the most of their investments. The course “FinTech Disruptive Innovation: Implications for Society” may be useful because it can help you understand the impact of disruptive innovations on the financial industry. This knowledge can help you make better investment decisions and provide more valuable advice to your clients.

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FinTech Disruptive Innovation

Implications for Society

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