Financial Technology Innovations Introduction

0:03 FinTech is by nature very broad it is a 0:07 diverse set of technologies that are 0:09 changing the way that financial services 0:11 are being done our daily financial lives 0:14 consists of money and capital being 0:17 moved around being paid out and received 0:20 being lint and borrow and extort and 0:24 invested the FinTech is really the 0:28 innovation that is improving these 0:30 everyday processes to make um faster 0:33 more secure more scalable and cheaper so 0:38 if you think about it it is not really a 0:40 new phenomenon at all 0:42 I think the relatively unique thing 0:44 about this wave of FinTech innovation is 0:47 who's leading the charge so instead of 0:49 traditional financial institutions like 0:52 banks and hedge funds doing the bulk of 0:54 the innovation like it has been done 0:56 before now we're having major tech 0:59 companies at the front and center of 1:00 this innovation weight is ranging from 1:03 major tech behemoths like Amazon doing a 1:07 supplier lending or Facebook launching 1:10 its own cryptocurrency to the variety of 1:12 small tech startups launching new 1:15 financial services in many different 1:17 areas 1:18 well cryptocurrency and blockchain are 1:20 certainly an important aspect of the 1:23 overall FinTech innovation FinTech goes 1:25 much more beyond that and it affects 1:27 every aspect of our financial life 1:29 therefore we design the specialization 1:32 to give you a comprehensive introduction 1:34 to all of these aspects 1:36 we're passionate about FinTech we're 1:38 excited about the specialization and we 1:40 look forward to having you with us 1:44 [Music]