IMF | STI

Details

Start: 
November 13, 2023

End:
November 23, 2023

Course Number:
ST23.41

Application Deadline

July 31, 2023

In-Person : Fintech Market Development and Policy Implications (FINTECH)

November 13 - 23

Target Audience

Mid-level to senior officials from the central banks and other government agencies engaged in setting policy for financial sector. Preference is given to applicants working on issues directly related to financial development and inclusion, as well as supervision, oversight and regulation of new financial technologies and entities.

Qualifications

Participants are expected to have an advanced degree in economics or finance or equivalent work experience; Participants with equivalent work experience in the fields of payments, supervision, oversight, technology are also encouraged to participate. It is strongly recommended that applicants first complete the Financial Sector Policies (FSP) course.

Course Description

This course, presented by the IMF Institute for Capacity Development (ICD), is designed to give participants a foundation in understanding new financial technologies (fintech) and the associated policy implications. After an overview of the fintech landscape, the course will focus on several areas that are rapidly developing in recent years: fintech payments, fintech funding, crypto assets, and decentralized finance. It will discuss risks arising from fintech developments in these areas and explore possible policy responses. In addition to lectures, the course makes use of extensive case studies and group work to ensure that participants could gain practical experience that is useful for their jobs.

Course Objectives

Upon completion of this course, participants should be able to:

• Define and understand fundamental fintech concepts.

• Explain the economic rationale for various Fintech innovations and their implications for financial services.

• Identify key risks and concerns regarding financial stability, financial integrity, security, consumer protection, and other aspects.

• Recognize policy responses to Fintech developments from authorities around the world.