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Introduction to FinTech

FinTech has experienced accelerated growth and the industry shows no signs of slowing down. Understand the fundamentals of FinTech and the technology driving it. Explore the opportunities present and how you can leverage FinTech in your business. 

This course seeks to equip learners with a foundational understanding of FinTech. Learners will gain an insight into the major areas in FinTech - Payments, Digital Finance - and the major technological trends driving it. Learners will also be introduced to the FinTech scene in Singapore and Asia. In particular, they will be able to recognise key players and recent developments taking shape as well as gain awareness of why Singapore is an ideal destination for FinTech developments.

Through the course, learners will understand how they can leverage FinTech to make their businesses more efficient and opportunities available in FinTech.


Learning Outcomes

By the end of this course, participants should be able to / can expect to be:

  1. Understand the Basics of Fintech 
  2. Obtain an overview of Fintech landscape in Asia (Key players and recent developments) 
  3. Gain awareness of why Singapore is an ideal destination for Fintech companies
  4. Identify how they can leverage Fintech to improve their existing business processes 

Course Details

Course Dates:

November 2021 Intake

In-class Delivery:

Duration
2 days. 9.00am - 5.00pm


Scheduled Dates
25 and 26 November 2021

Sign Up Now

Closing date: 4 November 2021

 

Who Should Attend

  • Participants in roles which require them to understand and evaluate new financial technologies
  • Participants who want an overview of the Asian FinTech scene and the opportunities present within
  • Ideal for participants who looking to kickstart their FinTech journey

Prerequisites

  • Basic IT knowledge
  • General understanding of finance and financial products

Programme Outline

Day 1
  • What is FinTech
  • Why Singapore?
    • Ecosystem, Regulation and Funding
  • Payments and Regulation
    • Recent trends in payment e.g Buy Now, Pay Later trend
    • Digital banks - innvoation in cross border payment services
    • Leveraging new technologies in Payment methods for your business
  • RoboAdvisory
    • What are roboadivisors
    • What services do they offer
    • How has roboadvisory changed personal banking
    • Major players in SG
    • What's next?
  • Introduction to Blockchain technology
    • Understand how it works
    • Intro to key concepts: Staking, DeFi, Consensus Mechanism
    • Current trends
    • Leveraging blockchain technologies
  • Introduction to Bitcoin and Etherum
    • Hands-on activity: Step-by-step guide to creating your own Bitcoin and Ethereum wallet
    • Guide to purchasing your first cryptocurrency: How to sign up an account on a centralised exchange, How to buy & sell crypto in Singapore
  • Regulations governing FinTech industry in Singapore
Day 2
  • Recap of previous day's concepts
  • FinTech in Asia - Key Players and Recent Developments
  • Guest Lecture
  • Case study presentation
  • Case study discussion
  • Unlocking opportunities and understand how your compay can leverage on existing FinTech capabilities or develop its own
Assessment

Participants will be assessed to determine a participant's understanding and competency.

  1. Quiz
  2. Written assessment

Course Fees and Funding

SkillsFuture Course Fee Subsidy
(70%)

Fee after subsidy
$600.00


GST on Fee after SSG Course Fee Subsidy
$42.00


You pay
$642.00

Mid-career Enhanced Subsidy (MCES)
(90%)

Fee after subsidy
$200.00


GST on Fee after SSG Course Fee Subsidy
$42.00


You pay
$242.00

Enhanced Training Support for SMEs (ETSS)
(90%)

Fee after subsidy
$200.00


GST on Fee after SSG Course Fee Subsidy
$42.00


You pay
$242.00

Full Course Fee (without subsidies): $2,140 (inclusive of prevailing GST) 

Instructor

Val Yap
Instructor, SUTD Academy
CEO and Founder, PolicyPal

Val is the CEO and Founder of PolicyPal, Asia's leading insurtech company that empowers consumers to start their financial planning journey through a gamified reward-based learning. PolicyPal (a member of AMTD Group) is supported by 500 Startups, PayPal and angel investor, Koh Boon Hwee.

A former sales broker at Allianz, Val is passionate about making financial planning affordable and accessible to everyone. Upon graduation, she worked as a Risk Assurance Consultant at PwC in London. After that, Val went on to become the Assistant Vice President at OCBC Bank in Singapore, focusing on launching digital campaigns, and working closely with wealth management and marketing to drive innovations. Val who was named to Forbes “30 Under 30” list for Finance and Venture Capital, Fortune “40 under 40” list for Finance, list for Finance, Linkedin’s Power Profiles in Singapore, Gen T and Fellow at Singapore University of Social Sciences, is a post-graduate with MSc Business Management at Imperial College London and BA Digital Media at the University of the Arts London.

She's a frequent speaker at universities and conferences. Val has appeared in the Forbes Magazine, Fortune Magazine, Nikkei News, Singapore Straits Times, Business Times Newspaper, Bloomberg, KPMG, Women’s Weekly, Singapore Radio Station MoneyFM and many others. Val has also published her memoir BALLS INC., sharing her experience as a female tech entrepreneur and insight into insurtech and startup. When not at work, Val is an avid globe-trotter and a sports enthusiast who has completed six Spartan races in a year.


Policies and Financing Options

SSG Funding Terms and Conditions

Use of Personal Details

In consideration of the subsidy provided by SkillsFuture Singapore Agency (“SSG”) through the SUTD Academy for the Course,
 

I consent to:

The collection, use and disclosure to relevant third parties of my personal data by the SUTD Academy including but not limited to personal particulars, attendance records, assessment/performance records, for the following purposes:

  1. Reporting of national statistics and conducting of holistic continuing education training research and analysis;

  2. Facilitate the conduct of the relevant surveys and audits in relation to the Course;

  3. General administration of the Course including but not limited to processing of the subsidy provided by SSG;

  4. Publicity and marketing of the Course or other Courses to be provided by SSG or SUTD Academy; and

  5. SSG or its Appointed Auditors or Nominated Representatives to directly contact Course Participant to obtain information deemed necessary for the purposes of conducting effectiveness survey or audits in relation to the Course.
     

I agree to:

  1. Attend and complete all lectures, class exercises, workshops and assessments;

  2. Complete the Course feedback at the end of the Course;

  3. Complete the post Course survey sent about 3 to 6 months after class attendance; and

  4. Sign up for a personal email account.

SUTD Privacy Statement

For more information on SUTD's privacy statement, please visit https://sutd.edu.sg/Privacy-Statement.

SUTD Terms and Conditions

Methods of Payment

Learn more about the available payment modes.

Cancellation & Refund Policy

  1. If a written notification is sent to sutd_academy@sutd.edu.sg within 24 hours after course registration deadline there will be no cancellation charges. A full refund will be made. 

  2. No refund is provided if written notification is more than 24 hours after course registration deadline. SUTD Academy reserves the rights to collect the full fee amount from the participant.

Replacement Policy

Companies may replace participants who have signed up for the course by giving a 3-working day notice before the course commencement date to sutd_academy@sutd.edu.sg. Terms and conditions apply.

Registration Policy

  1. Course may be cancelled due to insufficient participants. SUTD Academy will not be responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from any course cancellation.

  2. Course enrolment is based on a first-come, first-served basis.

  3. SUTD Academy reserves the right to change or cancel any course or instructor due to unforeseen circumstances. 

Types of Funding

Funding under Mid-Career Enhanced Subsidy ("MCES")

  1. MCES is an enhanced Subsidy to encourage mid-career individuals to upskill and reskill, thereby helping them to remain competitive and resilient in the job market. With this, all Singaporeans aged 40 and above will receive higher subsidies of up to 90% course fee subsidy for SSG-funded certifiable courses.

  2. Individuals/employers are not required to submit an application for the MCES. Those pursuing SSG-funded programmes will be charged the appropriate subsidised fees by SUTD Academy if they are eligible MCES. Individuals/employers will only need to pay the nett fee (full course fee after SSG's grant).

    For more info, please visit  SkillsFuture website at http://www.skillsfuture.sg/enhancedsubsidy

Funding under Enhanced Training Support for SMEs ("ETSS")

  1. ETSS is an enhanced funding to enable SMEs to send their employees for training.

  2. SMEs will enjoy subsidies of up to 90% of the course fees when they sponsor their employees for SSG-funded certifiable courses.

  3. In addition to higher course fee funding, SMEs can also claim absentee payroll funding of 80% of basic hourly salary at a higher cap of $7.50 per hour. SMEs may apply for the absentee payroll via the SkillsConnect system.

  4. To qualify, SMEs must meet all of the following criteria:
    - Organisation must be registered or incorporated in Singapore
    - At least 30% local shareholding by Singapore Citizens or Singapore Permanent Residents
    - Employment size of not more than 200 (at group level) or with annual sales turnover (at group level) of not more than $100 million
    - Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
    - Trainees must be Singapore Citizens or Singapore Permanent Residents

    For more info, please visit SSG website at http://www.ssg.gov.sg/programmes-and-initiatives/funding/enhanced-training-support-for-smes1.html


Funding under Union Training Assistance Programme ("UTAP")

UTAP is a training benefit for NTUC members to defray their cost of training. This benefit is to encourage more union members to go for skills upgrading.

NTUC members enjoy 50% unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP (Union Training Assistance Programme).

For more info, please visit https://e2i.com.sg/individuals/ntuc-education-and-training-fund/.