FinTech and Emerging Technologies

Name: FinTech and Emerging Technologies
Author: Xi Bai

Discover the increasing importance of FinTech.

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Course: On-Demand

(logo theme music) Welcome to Fintech and Emerging Technologies. We are living in an era of digitalization and the business environment is now handling increasingly more content. The following lessons will explore the changes, challenges, and opportunities influenced by events that have already occurred in the ongoing technological revolution, specifically within the Fintech world. The overall productivity achieved through technology in today's society has surpassed expectations, and the speed of innovation and creation has changed our lifestyle. For example, 30 years ago, the internet was limited to commercial use. Today, the world has over 6 billion Smartphone users. Mark Zuckerberg started coding for FaceMash in 2003, which turned into the global phenomenon known as Facebook. Less than two decades later, his company has generated 2.85 billion users all around the globe. In our increasingly digital world, it is possible to communicate with other people in almost any place at any time. With the ability to communicate more efficiently, came a large shift in consumer culture due to a variety of technological innovations. Consumers now have access to more products and services than ever before. Convenience and material satisfaction are influential factors in this consumer-driven change. Another aspect of this digital revolution is the increase in information and data, which has caused many consumers to feel overwhelmed and confused when choosing a product or service. The concept of the on-demand world was created by the digital Marketplace and High-Tech companies. The whole idea is about reorganizing the available resources to meet customers' new demands, via new technologies or business solutions. There are three key features associated with the on-demand world. Fast, simple, and mobile. Services provided in the on-demand world, must be fast, or you might lose business. For example, if you run a peer to peer online lending business, and it takes a while for the loan application to process or the approval notice to show, potential customers might leave the site and never return. Consumers enjoy a quick buying process because they value their time. Another important factor in the on-demand world is simplicity, which includes a user-friendly experience. Customers want to be able to easily access your website, use your interface, and understand your company's product or service. Consumers are more likely to fulfill a simple buying process than a complicated one because it reduces the amount of stress and wasted time. An on-demand world also requires mobility. The introduction of smartphones has allowed many companies to expand their reach and provide excellent customer service to people around the world. For example, banking apps have given consumers access to their financial profiles at any time and get real-time updates from their smartphone. Consumers appreciate mobility because it offers them more freedom and convenience.

Intermediate Provider : Xi Bai 6 Lessons · 18m in Arabic, German, English, Spanish, French, Portuguese, Chinese

Course Description

FinTech is fundamentally changing the way we do business. In this course, you’ll explore FinTech and how it emerged from an era of digitalization and created an on-demand world. You’ll also discover how it applies to business, resulting in a need for market awareness, agility, and flexibility.

What You'll Learn

Understand the on-demand world and how consumer lifestyles shape it
Explore how the market and FinTech are related
Examine the nature of FinTech and how it emerged from digitalization
Learn about buying, credit, and innovation in business
Recognize the role of agility, adaptability, and flexibility in business
Discover algorithms, data, digitization, FinTech ecosystems, and emerging technologies

Key Takeaways

FinTech is fundamentally changing the way we do business.
FinTech emerged from an era of digitalization and created an on-demand world.
Applying FinTech to business results in a need for market awareness, agility, and flexibility.
The course connects consumer lifestyle, the market, and the nature of FinTech.

Frequently Asked Questions

What does this course cover?

It explores FinTech and how it emerged from an era of digitalization to create an on-demand world, and how it applies to business through market awareness, agility, and flexibility. Lessons include Consumer Lifestyle and an On-Demand World; Buying, Credit, and Innovation; Agility, Adaptability, and Flexibility; Algorithms, Data, and Digitization; and FinTech Ecosystems and Emerging Technologies.

What will I learn?

You'll understand the on-demand world, learn how the market and FinTech are related, and explore the nature of FinTech.

What skills does this course help develop?

The course is associated with Adaptability, Collaboration, Critical Thinking, and Flexible Type skills.

Is there an assessment in this course?

Yes, the course includes a Test Your Knowledge lesson.