About this Course
Being a profitable FinTech agency requires extra than simply nice know-how; it additionally requires an understanding of the legal guidelines and rules relevant to your small business. This course will give you that understanding. You’ll study concerning the essential authorized, regulatory, and coverage points related to cryptocurrencies, preliminary coin choices, on-line lending, new funds and wealth administration applied sciences, and monetary account aggregators. As well as, you’ll learn the way regulatory companies within the U.S. are regularly adjusting to the emergence of latest monetary applied sciences and the way one particular company has proposed a path for FinTech companies to develop into regulated banks. Additionally, you will study the fundamentals of how banks are regulated within the U.S.
In case you are unfamiliar with how these new monetary applied sciences work, concern not. We’ll start every new course part with a high-level overview of the underlying know-how. Whereas the course is principally centered on the U.S. FinTech business, we can’t probably cowl each related authorized and regulatory problem. Subsequently, this course shouldn’t be construed as authorized recommendation. Moderately, the purpose of the course is to familiarize you with the important thing authorized and regulatory challenges FinTech companies in varied sectors face, in addition to the essential coverage debates which might be occurring in Washington D.C. and state capitals throughout the nation.
Syllabus – What you’ll study from this course
19 minutes to finish
Welcome to FinTech Regulation and Coverage
On this course, you’ll study concerning the essential authorized, regulatory, and coverage points related to cryptocurrencies, preliminary coin choices, on-line lending, new funds and wealth administration applied sciences, and monetary account aggregators. As well as, you’ll learn the way regulatory companies within the U.S. are regularly adjusting to the emergence of latest monetary applied sciences and the way one particular company, the Workplace of the Comptroller of the Foreign money, has proposed a path for FinTech companies to develop into regulated banks.
2 hours to finish
The Evolving Relationship Between FinTechs, Regulators, and Conventional Monetary Establishments
This module begins with a preview of the important thing regulatory challenges going through FinTech companies and supplies a number of examples of what can occur when FinTech companies fail to adjust to relevant legal guidelines and rules. We then take a look at how the FinTech business has developed post-2008 – from a disrupt mentality to one among “strategic partnership” – together with corresponding FinTech business funding tendencies. Subsequent, we study the challenges regulators face in responding to new FinTech developments and element how a number of U.S. regulatory companies have adjusted to date. We conclude this module by exploring one particular regulatory strategy, often called a “sandbox,” that has been deployed in different international locations and in a single U.S. state.
2 hours to finish
Cryptocurrency and Preliminary Coin Choices
This module first supplies an summary of cryptocurrencies and distributed ledger know-how, after which examines how cryptocurrency is regulated by varied state and federal companies. Additionally, you will learn the way cryptocurrency is regulated as: cash, a commodity, and property. The module concludes with an examination of preliminary coin choices and their regulatory remedy.
2 hours to finish
This module will introduce you to the varied forms of FinTech lending fashions and the regulatory remedy of those lenders. You’ll study what number of FinTech lenders are partnering with regulated banks to get across the state-by-state restrictions that apply to non-bank lenders.
1 hour to finish
Banking Regulation within the U.S.
Many FinTech companies are excited about turning into regulated banks. This module will train you concerning the technique of turning into a financial institution and the federal government companies liable for regulating banks within the U.S. We’ll take a look at the Workplace of the Comptroller of the Foreign money’s proposal to grant a brand new kind of financial institution constitution particularly for FinTech companies and the choices at the moment obtainable to FinTech companies that wish to develop into a financial institution.