4.1: FinTech Implications for Business Overview

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En provenance du cours de The Hong Kong University of Science and Technology

FinTech Foundations and Overview

17 notes

The Hong Kong University of Science and Technology

FinTech Foundations and Overview

17 notes

Our primary goal is to help you to understand FinTech 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. This FIRST MOOC ON FINTECH IN ASIA-PACIFIC 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 Foundations and Overview) is part of the HKUST FinTech specialization, there will be 3 other courses in the specialization including FinTech Security & Regulation (RegTech), FinTech Risk Management, FinTech Innovative Disruption: Implications for Society. The FinTech specialization will be launched in Fall 2018, stay tuned!

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FinTech Implications for Established Business

Building on our understanding of FinTech market applications and FinTech technologies, we move in this module to examine the implications of FinTech changes and challenges for existing financial services companies, and we look at current and future trends in FinTech world-wide. This module concludes, after the final quiz, with a final course project in which students will present their recommendations for senior managers of a large, established Asia-Pacific bank to take advantage of and respond to FinTech challenges and opportunities.

4.1: FinTech Implications for Business Overview3:06

Rencontrer les enseignants

Theodore Henry King CLARK
Associate Professor
Information Systems, Business Statistics and Operations Management Department

Welcome back to our course on FinTech Foundations and overview.

In this module,

we're going to be talking about the implications of FinTech for business.

How is it going to change the way we do business,

or our challenges or opportunities for the future?

As we look at the implications for business, we're thinking primarily, how

does it affect existing financial service firms, banks, and insurance companies?

Why is FinTech a threat to these companies?

Why is it going to challenge their existence or identity?

How is it going to change their world?

We're then going to look at what some of the global trends are taking place, and

how that may change our environment or world.

What's changing?

What's new and what's happening as we look forward to the future,

because when you think about what do we do about it now,

it helps to know where are things heading for the future.

And so we'll look at the trends, and

the overall direction of many FinTech innovations or ideas.

And then we'll look at.

Okay, now that we know that it's a threat,

now that we know where it's going, what do we do about it?

So how could you respond?

What are your options?

As a traditional bank or insurance company, what can you do about this

threat, and about these changes and trends over time for the future?

You've seen the threat, you've seen the transformation,

you've seen the direction, so what's our action plan?

Now, after following on that, and

kind of summarizing where we've been in this course overall.

We're then going to have you take up a final project.

And so the last video lecture in this course will be an introduction

to the final project, where we'll ask you to work on this project for the course.

And by the way, we do not have a capstone project for the overall specialization.

We have a mini project, if you will.

A project that'll take you six to eight hours roughly for

each of the four courses that are part of this series.

As we summarize where we've been,

and summarize the course, just before the final project,

we'll also mention to you some of the other courses in this series.

I won't go there now.

I'll just say, for the next three videos, we'll be talking about,

why is FinTech a threat?

What are the global trends in FinTech?

And what are the options for banks or insurance companies to consider for

strategies to deal with these changes and challenges?

Thank you.

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