Chartered Fintech Professional (CFtP) Foundation Training Module 1: Ethics and Governance
- Analytics & Tech
- Finance & Investment
This module is conducted in-person.
1 day
Weekday (9am - 5pm)
Who Should Attend
- Young graduates or early-career professionals who are exploring a new career in Fintech and would like to undergo a structured and rigorous industry-relevant programme
- Professionals who are already working at the intersection of finance and technology and who wish to keep abreast with latest fintech knowledge, applications, and trends
- Finance or Tech professionals who are currently leading teams in related industries and would like to plug their knowledge gaps in finance and/ or technology
- Industry regulators from central monetary authorities, law enforcers of financial crime etc., who are seeking a systemic perspective on the disruptions to financial services and monetary system
PREREQUISITES
There are no prerequisites, but if a participant intends to register for the Chartered Fintech Professional examination following the completion of this training course, an undergraduate degree from a recognised university or equivalent professional qualification is a compulsory enrolment requirement.
Overview
The CFtP Foundation Training focuses on the fundamental concepts and tools that provide the foundation to understand the science and the art of Fintech. Module 1 discusses Ethics and Governance related to Fintech. Behaving ethically and complying with regulations are necessary requirements for a competent Fintech professional.
The first part of this module covers a framework for ethical decision making. As the subject of ethics is seldom taught in school, this framework provides a systematic approach to ethical issues.
The second part of the module focuses on the ethical principles embodied in the CFtP Code of Ethics. The principles revolve around integrity, fairness, the duty of care, and respect for the rights of others.
The third part of the module discusses the CFtP Standards of Practice. These standards relate to the professional’s work and cover aspects such as competence, standard of work, knowledge of laws and regulations, confidentiality and security, and finally, leadership.
The fourth and last part of the module involves the regulation and governance of Fintech areas such as AI, Blockchain, Cybersecurity and Data Protection. General issues relating to accountability, equity, and transparency are discussed, followed by specific issues pertaining to each of the four areas. Finally, ESG and sustainability round off the discussion on governance and Fintech professionals need to be aware of the impact their actions have on sustainability.
Learning Objectives
At the end of the 1-day module, participants will be able to:
- Understand the ethical framework guiding a Chartered Fintech Professional, which includes the CFtP Code of Ethics and CFtP Standards of Practice and their implications
- Know the key elements of the framework for regulation and governance in fintech and the principles behind them
- Understand the general principles of AI governance
- Understand the governance of Blockchain technology
- Appreciate how risks in the IT system can be mitigated and the measures put in place are complied with
- Know how data and privacy are protected
- Understand anti-money laundering/combating the financing of terrorism (AML/CFT)
- Learn the key concepts of corporate governance
- Understand the importance of environmental, social and governance (ESG)
- Know how ESG is used in investing and Green Finance
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$327 (After SSG Funding 70%) |
$127 (After SSG Funding 70% |
$327 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$127 (After SSG Funding 70% |
$127 (After SSG Funding 70% |
$127 (After SSG Funding 70% |
|
International Participant |
$1,090 (No Funding) |
$1,090 (No Funding) |
$1,090 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover 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
- Trainees must not be a full-time national serviceman
- Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
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