FinTech Ethics and Risks
Course Features
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Lectures6
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Duration20 Hours
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LevelBeginner
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DeliveryOnline
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AudienceEveryone
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University
The course builds awareness by asking questions, inviting to discuss positive and especially possibly unintended consequences of disruptive technologies. In the blockchain context the goal is to examine the most ethical ways blockchain solutions could be implemented, maintained and regulated to ensure their adoption does not come at the expense of societal growth.
The course is about ethics, morality in the emerging technologies' space and will be very useful, interesting for everyone.
There are no prerequisites for the course but having a bit of Artificial Intelligence, blockchain related knowledge would be helpful. The course “Introduction to FinTech” at edX from the same provider could be taken to acquire the background knowledge.
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Content
In order to assess emerging technologies, their impact in a more objectified way the course introduces the evaluation framework (that includes elements of trust, proximity, accountability, cultural lag, and privacy) which is used to analyze and appraise each and every use case of the emerging technologies including Artificial Intelligence and blockchains.
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Technology
The basic blockchain working principles are presented as an introduction to discuss blockchain solutions in terms of ethics, morality and regulations. This is not a technology oriented course.
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Applications
The course is about technology applications examining their impact on the surrounding communities. In the blockchain context the case studies of Silk Road, smart contracts in commerce and global remittances are examined.
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Delivery
Each learning unit is composed of a video lecture followed by a short assignments like “quick check” questions, polls, word clouds and an invitation to discuss the topics in the online forums. All the lessons have external references that could be used to get deeper insights into the topics. The graded certificate-related exercises are available just in the paid version.
FinTech has started a global revolution in the financial services industry, and the transformation will only increase in coming years. There are many ways in which FinTech can improve the lives of people around the world; however, those same technologies can also be used to enslave, coerce, track, and control people. Accordingly, it is appropriate and necessary to consider the implications of the introduction of these technologies so that they are utilized properly, regulated sufficiently, and their adoption does not come at the expense of societal growth.
This 6-week online coursecovers 6 modules, representing the full spectrum of finance, technology, and the introduction of FinTech solutions globally. We will ask questions that are not often asked or addressed when new technologies are adopted. Why should we adopt FinTech solutions, and what are the best ways to introduce disruptive technologies? How does blockchain technology change the way we provide financial services, and how should blockchain technology be governed? Is FinTech creating risks in cybersecurity and how can technology help us prevent financial crimes? As Artificial Intelligence (AI) is developed and adopted, will human biases and prejudices be built into such mechanisms? And at a larger scope, should FinTech lead to a decentralized, democratized system of finance, or will existing institutions adopt FinTech strategies to cement their existing hold on the financial markets?
Through discussing and attempting to answer these questions, you will understand better how the introduction of these technologies can benefit or harm society. And through considering the proper application or introduction of such technologies, you will learn to make better decisions as an individual and organization when facing the question: is FinTech our savior or a villain?
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