FinTech Risk Management (Coursera)

Overview

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

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

IT Compliance & Assurance Part 2

In this module, learners will gain an overall picture of the business continuity plan and disaster recovery plan. It’s essential to plan ahead before something bad happens to the systems (e.g. Data breach or cyber hacking) We will discuss the process of creating a business continuity plan for an organization 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.

Teacher

• Garvin Percy DIAS
• Theodore Henry King CLARK