FinTech and the Regulators

London Governance and Compliance Academy

Short course

Online

£ 350 + VAT

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Description

  • Type

    Short course

  • Level

    Intermediate

  • Methodology

    Online

  • Class hours

    5h

  • Duration

    1 Day

The advent of e-money licenses has been seized upon by a number of fast-growing Fintechs, who aim to disrupt existing retail and commercial financial service providers, and in particular banks, in the same way the internet has challenged many ‘bricks-and-mortar’ retailers.

The ultimate Fintech may be Facebook’s proposed Libra global cryptocurrency. However, there are several key regulatory obstacles, such as data protection and AML. The collapse of one of the pre-eminent European Fintechs, Wirecard, has further highlighted the risks and regulatory issues. This course explains which areas of business the Fintechs are targeting, how the regulators’ approach is critical, the opportunities and obstacles and how the incumbents are responding.

About this course

The course will provide essential knowledge for anyone involved in retail and commercial financial services, including regulators.

Yes, LGCA offers more advanced programmes on the subject

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Reviews

Subjects

  • Fintech
  • Regulation Financial
  • Financial Services
  • Financial Training
  • Bank Compliance
  • Banking Regulation
  • Emoney
  • Technology
  • Financial Risk
  • Compliance

Teachers and trainers (1)

Michael Stafferton

Michael Stafferton

Expert, Author

Michael began his financial markets career in 1986 on the Financial Engineering desk at Yamaichi International, then one of the so-called ‘Big Four’ Japanese securities houses. The desk was mainly responsible for designing, structuring and swapping vanilla and structured bond issues for European clients. He then moved to a coverage role, predominantly in the UK and Eire, with responsibility for some of the more technically demanding clients, including the Bank of England and the European Investment Bank.

Course programme

Training Objectives

By the end of the course, participants will understand:

  • Which business areas the challengers are targeting
  • How they aim to do this
  • The various regulatory aspects involved
  • Their various business models
  • The viability of their approaches
  • How much impact they are having
  • How incumbents are responding

Programme Outline

  • Introduction: what is a Fintech
  • The key components of the standard banking business model
  • Peer-to-peer platforms and the challenges the model faces, e.g. Zopa
  • E-money licenses and Payments services, e.g. Venmo
  • FX payments – e.g. Transferwise, Revolut
  • Facebook’s Libra and the regulatory challenges it faces
  • Internet-only banks – e.g. N26 v Metro Bank
  • How incumbents are fighting back

See related categories

FinTech and the Regulators

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