Chartered Fintech Professional (CFtP) Foundation Training Module 3: Financial Innovations, Blockchain and Cryptocurrency
About This Course
At the end of the 2-day module, participants will be able to:
• Explain what the Fourth Industrial Revolution is and its impact on businesses and appraise characteristics of organisations and workforce to thrive in Industry 4.0 era
• Understand how Fintech can achieve financial inclusion, appraise the characteristics of successful Fintech businesses based on the Low margin, Asset light, Scalable, Innovative, and Compliance easy (LASIC) framework and criticise how Fintech applications use technologies to improve productivity and efficiency of financial services
• Understand the development of various emerging technologies and how each relates to Fintech and examine how businesses use emerging technologies to enhance production
• Distinguish amongst blockchain, distributed database, and distributed ledger technology, examine the components in a blockchain system, and appraise the characteristics of different types of blockchain
• Appraise the crypto-economics concept in blockchain design, explain the properties of a blockchain system and examine the evolution of blockchain and explore potential applications for blockchain
• Understand what cryptography is and explain the design rationale of hash function and digaital signature and examine how cryptographic techniques are used to secure public/ private blockchains
• Understand the characteristics of a distributed system and relate them to blockchain, describe the fundamental properties of a consensus algorithm and appraise the design of consensus algorithms for public and private blockchain
• Recognise the differences between digital currencies, cryptocurrencies, and tokens; recognise different wallet implementations and their features; understand the objectives of the token economy and appraise token economics design
• Relate the process of trading cryptocurrencies and terminologies, describe typical psychological behaviors during trading, learn how to start and raise funds for a cryptocurrency project
What You'll Learn
There are 2 sections in Module 3, namely “Financial Innovations” and “Blockchain and Cryptocurrency”. Section 1 on “Financial Innovations” will provide context on the Fourth Industrial Revolution and its impact of businesses in general, and how technological innovations are transforming the way financial services are provided. Various advantages of Fintech, such as Low margin, Asset light, Scalable, Innovative, and Compliance easy (LASIC) framework and financial inclusion will be introduced, followed by specific case studies on the application of Fintech by companies will be discussed to offer a comprehensive birds-eye view of Fintech applications, Big Data, Artificial Intelligence, Cloud Computing, Blockchain and the Internet of Things. Section 2 on “Blockchain and Cryptocurrency” will contain 6 parts: Blockchain Technology, Cryptography, Consensus, Cryptocurrencies, wallets, Token economy and Trading, markets and investing. This section discusses the structure and characteristics of a blockchain which is essentially a record of transactions stored on a distributed ledger. The security of the records is ensured through encryption - a process which is discussed in the topic of cryptography.
Entry Requirements
No prerequisites but if a participant intends to register for the Chartered Fintech Professional examination following the completion of this training course, do note that an undergraduate degree from a recognised university or equivalent professional qualification is a compulsory enrolment requirement.