ADBI-Cambridge University Online Course on Fintech & Regulatory Innovation

Event | 3 February 2021
Online

Course duration

3 February 2021 to 24 March 2021

Summary

Rapid advancements in financial technology, or fintech, are opening the door to greater financial inclusion and sustainable development in Asia and the Pacific. However, the growing knowledge gap between innovators and regulators regarding fintech and business models that apply it threatens to undermine the benefits while giving rise to new challenges.

If inadequately addressed, associated risks such as fraud, data privacy breaches, and other cyber vulnerabilities could increasingly harm consumers and financial stability. Regulatory deficiencies could also hinder competitiveness and growth within the fintech sector. Yet, for many policy makers, particularly in the region’s developing economies, keeping pace with fintech innovation is extremely difficult given their frequent lack of specialized knowledge and skills.

Against this backdrop, ADBI, Cambridge University’s Cambridge Centre for Alternative Finance, and the Cambridge Judge Business School Executive Education Limited held an 8-week Online Course on Fintech & Regulatory Innovation. The course examined the latest advancements in fintech, its financial inclusion implications, and strategies and tools for mitigating associated risks.

Admission to the course was selective and open to qualified policy makers from Asian Development Bank developing member countries. Selected applicants were awarded ADBI scholarships.

Objectives
  • Strengthen fintech innovation and regulatory knowledge among policy makers from developing economies from across Asia and the Pacific
  • Build the capacity of policy makers to address to address evolving regulatory needs within the fintech sector
Participants

Selected policy makers from ADB developing member countries.

Output
  • Improved policy maker knowledge of fintech and regulatory innovation
  • Greater recognition of fintech regulation capacity and development needs
  • Enhanced networking, collaboration, and cooperation among fintech experts
Partners
  • Cambridge University’s Cambridge Centre for Alternative Finance
  • Cambridge Judge Business School Executive Education Limited