FinTech involves the use of technology,
particularly information technology
to transform the way that finance is being done
in global markets, developing countries,
and across start-ups and tech firms.
20 years ago, IBM spent $100 million
to build Deep Blue, the super computer
that beat Garry Kasparov.
This smartphone is more powerful than Deep Blue.
If you want to be in finance today,
you need to understand technology.
RegTech, short for regulatory technology
may be a game changer
as it will allow financial institutions
to deal with compliance and regulatory burdens,
not only more effectively,
but also more efficiently.
FinTech flourishes where the need is greatest.
China leads the world in many regards.
YueBao is a money market fund
enabled by FinTech in China.
In 9 months,  it became the fourth largest in the world.
Now 3 years later, it is the world's largest.
FinTech has evolved over 3 eras,
from infrastructure to banks to start-ups,
entrepreneurs today are building the B2B solution
that will be powering the financial system tomorrow.
This course will be an illustration
of how this is happening today.
In the future, finance will be
about an experience, not a product.
That's why it's important for students today
to understand how the industry is changing
and that's what this course will be about.
