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Free online FinTech courses for upskilling in 2021

SOURCE: PRAKASH MATHEMA / AFP
Chinese digital wallets displayed on a street in Kathmandu, Nepal.


By U2B Staff 

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While the FinTech sector had seen tough times in 2020, the “The Future of Disruptive and Enabling Financial Technology post-CV-19” report from Finch Capital suggests that the post-COVID-19 landscape will see a boom in the sector.

Managing Partner at Finch Capital, Radboud Vlaar said that 2020 was a challenging year for FinTech but said that better times loom ahead.

“Post-crisis, disruptive winners will “take all”, as we expect surging demand from financial services for technology to master digital-only interaction, enabled by AI and big-data analytics,” Vlaar said.

Key findings of the report showed that certain players in FinTech will fare better than others post COVID-19.

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As there is currently a FinTech skills gap in the finance sector, the report also states that financial institutions will be turning to tech companies – such as start-ups – rather than in-house to accelerate digital transformation.

Among those identified in the report as FinTech sector winners are consumer and SME lending platforms due to the “best-adapting mechanism to swiftly and efficiently deliver capital to key segments of the economy.”

Those in mortgage and life insurance will also leap forward with technology, disrupting the role of intermediaries in face-to-face roles.

Additionally, FinTech “enablers” offering AI, IoT, and software solutions are in high demand in areas such as automation in customer support, account-opening procedures, and loan automation.

All things considered, 2021 will see a rise in FinTech adoption, and this makes it a key area for upskilling this year.

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Most in-demand skills by the FinTech industry include Artificial Intelligence (AI) and Machine Learning (ML), as well as programming skills in Javascript, Java, C#, C++, Python, and SQL.

The Introduction to Supply Chain Finance and Blockchain Technology is a course by the New York Institute of Finance that is offered free on Coursera.

This course will allow learners to develop their knowledge in supply chain finance, which is an emerging set of solutions within trade finance implemented by financial institutions, leading corporate buyers, and their trading partners.

In this free online course, learners will learn about the key enablers in supply chain finance and recognise the key challenges in the current market.

At the end of the course, you will learn about basic concepts of blockchain technology and will be able to identify the best supply chain finance solutions for your organisation.

Additionally, learners can also enrol in the Supply Chain Finance Market and Fintech Ecosystem free course which is also by the New York Institute of Finance.

This course provides learners with an in-depth understanding of the supply chain finance market including insights on the potential and current market size, market penetration, growth, and distribution.

Technology has taken important leaps forward with the emergence of sophisticated models of artificial intelligence and the invention of the blockchain. These two developments fuel the emergence of fintech companies around the world.

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The Financial Regulation in Emerging Markets and the Rise of Fintech Companies online course by the University of Cape Town is offered free through Coursera.

This course explores fintech regulation in emerging markets by examining case studies from China and South Africa.

It also focuses on the socio-economic environment in emerging markets and explores how political risk is a major source of uncertainty for fintech entrepreneurs.

Learners keen to develop an understanding of financial crises, post-crisis regulations, and fintech regulation in emerging markets will benefit from this free course.

The University of Cape Town also provides its How Entrepreneurs in Emerging Markets can master the Blockchain Technology course for free on Coursera.

This course gives learners a deep understanding of the blockchain and distributed ledger technologies, including cryptography.

The course examines the function of blockchain as a distributed ledger and introduces distributed consensus as a mechanism to maintain the integrity of the blockchain.

Learners will also learn about the three major types of AI algorithms: supervised and unsupervised machine learning, as well as reinforcement learning which is one of the revolutionary technologies currently changing the world.