Fintech can be defined as the application of digital technologies to create, record, transfer and manage financial value and risk. We will focus on three areas of fintech that are of particular interest to bankers.
The first area of focus is the distributed ledger technology also knows as blockchain. Did you know that blockchain itself combines digital technologies that originated in cryptography and computer science? We will play with these technologies to get a hands-on understanding of how blockchain might be useful for bankers.
The second area of focus is digital identity. Did you ever think that in the future banks may be in the business of guarding the digital identities of their customers? We will delve into the attributes of digital identity and see what the future might hold.
The third area is digital money and digital payments. You probably have read about the central banks and regulators around the world preparing the groundwork for the issuance of digital currencies. You may have also read about bitcoin mining, digital tokens and smart contracts. We will discuss how various technologies are changing what is considered valuable in the digital space and what regulators might support.