Banking and RegTech

Catalog description

The FinTech revolution is creating significant disruption to the traditional processes of managing and regulating banks. FinTech is also changing the way financial services and products are delivered. Investors still pour billions of dollars into new FinTech startups each year. Some commentators foresee a revolution in finance, where there will be no need for brick and mortar banks, or even physical money itself. The reality is likely to be a more gradual adoption and integration of innovative technology and mobile applications into the existing financial system. The big financial institutions are not going to go away. They will adapt. This course will: -Enable students to critically examine new Fin Tech services within the context and framework of traditional money, banks, and regulation. -Understand, assess and forecast FinTech's impact on banking. This is particularly important because proper management and oversight of financial institutions is essential to the efficient operation of the economy. -Explore RegTech and the various channels through which RegTech adds value to financial institutions. Offered as FNCE 414 and FTEC 414 . Prereq: For Master of Finance students only.