Innovate Finance, the membership association for the UK’s global FinTech sector, and The Open University, the UK’s largest online tertiary education provider, have announced that they will be launching an online introductory financial technology course.
The 50-hour course, titled FinTech 101: Understanding Financial Technologies, is geared towards professionals seeking to understand the technological changes shaping the future of finance since the economic crash of 2008.
The curriculum, developed by The Open University, has been shaped by industry experts, including Innovate Finance members. Given the scope of the FinTech sector, topics will range from mobile payments, crowdfunding platforms and peer-to-peer lending to challenger banks and digital currencies.
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In the promotional materials, the university remarks: “Understanding FinTech and the role it plays to the UK economy is vital for people seeking to build a future career in banking and alternative finance. The value of the industry is estimated to be worth £20 billion pounds to the UK economy – a figure which is expected to increase as more talent and investment pour into the country.”
Liz Moody, Senior Lecturer, Executive Education at The Open University, says: “The brief for this course was to demystify a new era of financial services unfolding in the UK.”
“Traditional banking models and financial systems face uncertain futures and startup founders seeking a foothold in the marketplace will be encouraged to think critically about the implications and opportunities of changes happening in the FinTech ecosystem,” Moody concluded.