Understanding Fintech

INTRODUCTION

Banking has historically been one of the business sectors most resistant to disruption by technology as banks have built robust businesses with formidable moats. In addition, consumer inertia in financial services is high as consumers have been slow to change financial services providers. The result has been a banking industry with defensible economics and a resilient business model.

But this may be changing. Fintech, a term hardly mentioned in the financial space or used by the mass public not so long ago, has since 2009, right after the financial crisis coincidentally, has been creating a storm in the financial industry.

The objective of this course is to create the awareness and understanding of how the various sectors of Fintech may disrupt the traditional banking businesses, thereby creating an impetus for transformation.

This e-training programme comprises 3 modules and an assessment. Answer all quiz questions at the end of each tutorial in order to complete the training.

COURSE DURATION

1.5 hours

COURSE OBJECTIVES

Appreciate the hype surrounding Fintech
Understand the potential disruption Fintech can create to the traditional banking businesses
Understand the various sectors making up the Fintech ecosystem
Appreciate the reason why blockchain has been considered the ultimate reformer in the Fintech space
Understand how banks can tap on the Fintech phenomenon for transformation

COURSE OUTLINE

Module 1: What is Fintech?

Silicon value is coming…
Why the hype for Fintech?
Disruption to the traditional banking business

Module 2: The Fintech Ecosystem

Robo-advisors
Lending and crowdfunding
Payment
Remittance and Money Transfer
Insurance

Module 3: The Ultimate Reformer: Blockchain

What is bitcoin?
What is blockchain?
Proposed use cases of blockchain

Module 4: The Fintech Challenge

Collaboration is the key

Assessment

IBF-FTS Funding

The Financial Training Scheme (“FTS”) provides funding for financial sector-specific training programmes which are recognized under FTS. This scheme is only eligible for company-sponsored participants who are Singapore Citizens or Singapore Permanent Residents, physically based in Singapore, and who have successfully completed a FTS programme. Financial Institutions (MAS licensed or exempt entities), involved in or supporting financial sector activities, are eligible to submit claims for company-sponsored participants.

IBF and MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%.

For more information, please refer to IBF website.

Terms and Conditions

1) You will receive the enrollment email within 2 business days after the payment verification. Payment verification will take 1-2 business days to verify upon successful registration. If you are new to Salmon Thrust online learning system, you will receive an additional invitation email to create your online account.

2) Access to the e-training materials is valid till:

30th June (date inclusive) if you sign up between 1st January and 30th June 2022
31st December (date inclusive) if you sign up between 1st July and 31st December 2022

3) This e-training programme takes approximately 1.5 hours to complete.

4) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by:

30th June (date inclusive) if you sign up between 1st January and 30th June 2022
31st December (date inclusive) if you sign up between 1st July and 31st December 2022

5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.

6) It is recommended to login the web browser via a personal computer.

7) For assistance please contact e-training@sgxacademy.com or call 6011-1536.
(Operating Hours: 9.00am to 5.00pm)

This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.

SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.

Disclaimer:

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