Chartered Fintech Professional (CFtP) Foundation Training Module 3: Financial Innovations, Blockchain and Cryptocurrency
- Analytics & Tech
- Finance & Investment
This module is conducted in-person.
2 days
Weekday and Saturday (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
In Module 3, key fundamentals of Fintech are discussed at a very rudimentary level, where key definitions are provided, key concepts are explained, and key applications are discussed. This module introduces the basic concepts in the fundamental building blocks of Fintech. Some very specific concepts in Fintech that are not commonly found in finance are covered. These include the basic building blocks and ideas of Decentralisation, Data Privacy Protection, Peer-to-peer Activities, Network Valuation Methods, Scalability, Interoperability, and Technical Risk Management. In particular, the subjects are to build the foundation for CFtP Level 1 subjects and to apply the concepts to actual cases in Level 2. There are 2 sections in Module 3, namely “Financial Innovations” and “Blockchain and Cryptocurrency”.
Section 1 on “Financial Innovations” will provide context on the Fourth Industrial Revolution and its impact of businesses in general, and how technological innovations are transforming the way financial services are provided. Various advantages of Fintech, such as LASIC and financial inclusion will be introduced, followed by specific case studies on the application of Fintech by companies will be discussed to offer a comprehensive birds-eye view of Fintech applications. Lastly, existing and emerging technologies used in Fintech, which include Big Data, Artificial Intelligence, Cloud Computing, Blockchain and the Internet of Things (IoT) and their applications will be discussed.
Section 2 on “Blockchain and Cryptocurrency” will contain 6 parts: Blockchain Technology, Cryptography, Consensus, Cryptocurrencies, wallets, Token economy and Trading, markets and investing. This section discusses the structure and characteristics of a blockchain which is essentially a record of transactions stored on a distributed ledger. The security of the records is ensured through encryption - a process which is discussed in the topic of cryptography. As no single person controls the distributed ledger, there is a need for consensus among the participants regarding how the ledger works. This is the subject of the topic “Consensus”. The blockchain technology enables a new form of currency called cryptocurrency, as well claims to assets and services in the form of tokens. Finally, the wallets to store the currencies and tokens, as well as how they are traded, are also described.
Learning Objectives
At the end of the 2-day module, participants will be able to:
- Explain what the Fourth Industrial Revolution is and its impact on businesses ans appraise characteristics of organisations and workforce to thrive in Industry 4.0 era
- Understand how Fintech can achieve financial inclusion, appraise the characteristics of successful Fintech businesses based on the LASIC framework and criticise how Fintech applications use technologies to improve productivity and efficiency of financial services
- Understand the development of various emerging technologies and how each relates to Fintech and examine how businesses use emerging technologies to enhance production
- Distinguish amongst blockchain, distributed database, and distributed ledger technology, examine the components in a blockchain system, and appraise the characteristics of different types of blockchain
- Appraise the crypto-economics concept in blockchain design, explain the properties of a blockchain system and examine the evolution of blockchain and explore potential applications for blockchain
- Understand what cryptography is and explain the design rationale of hash function and digital signature and examine how cryptographic techniques are used to secure public/ private blockchains
- Understand the characteristics of a distributed system and relate them to blockchain, describe the fundamental properties of a consensus algorithm and appraise the design of consensus algorithms for public and private blockchain
- Recognise the differences between digital currencies, cryptocurrencies, and tokens; recognise different wallet implementations and their features; understand the objectives of the token economy and appraise token economics design
- Relate the process of trading cryptocurrencies and their various terminologies, and describe typical psychological behaviors when trading cryptocurrencies; Understand various methods of fundraising and how a cryptocurrency project or start-up is started and how it raises funds
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+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
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 will be able to enjoy ETSS funding only if the company's SME's status has been approved. 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)
Intake Information
This module is conducted in-person.
| Course | Dates |
|---|---|
| INTAKE | [To Be Confirmed] |
*Online registration will close 5 calendar days before the course start date
Trainers
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