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 [MUSIC]