FinTech: Future of Payments

Prepare for financial transformation with in-depth insight into global payment innovations and open banking initiatives, and the impact they have on business opportunities.

Duration

6–8 hours per week,
self-paced learning online

Effort

6 weeks,
excluding orientation

Learning Format

Weekly modules,
flexible learning

This Rotman program is eligible for financial support
The Ontario Student Assistance Program (OSAP) funding initiative is designed to help learners access sought-after skills and development opportunities through government-funded loans and grants. Financial assistance is available to Canadian citizens and applies to this Rotman Executive program. To find out if you qualify, visit the financial assistance homepage.

On completion of this program, you’ll walk away with:

1

Valuable insight into the past, present, and future of payments to stay up to date with potential changes in the financial landscape.

2

The tools to develop customer-centric payment solutions that alleviate banking access challenges faced by individuals and organizations.

3

A process for formulating a business model that uses open banking initiatives.

4

The ability to analyze blockchain technology and decentralized finance features, risks, and opportunities.

Program curriculum

Over the duration of this online program, you’ll work through the following modules:

Module 1
The evolution of payments

Explore the evolution of payments over time and the impact it had on the world economy.

Module 2
SWIFT, scandals, and international payment laws

Discover the role of, and legalities around, payments in the international context.

Module 3
Customer needs and PayTech innovation

Discover the importance of customer needs and how paytech innovation addresses these needs and overcomes frictions.

Module 4
Payment innovations: An infrastructure perspective

Discover the most prominent international advances in open payments and open banking, and the impact this has on business opportunities and commercial value creation.

Module 5
Blockchain technology and decentralized finance

Learn about the technicalities associated with blockchain technology and the implications of decentralized finance.

Module 6
The future of FinTech: Open financial infrastructures

Explore the future of fintech and possible payment innovations to identify a business opportunity.

Please note that module titles and their contents are subject to change during program development.

Program Director

Andreas Park

Professor of Finance, Department of Management, University of Toronto

Since joining the University of Toronto in 2003, Park has served as co-director of the Master of Financial Economics program and has taught courses on market microstructure, trading, investments, asset pricing, and corporate finance. His research interests lie in empirical topics, such as the market impact of maker-taker pricing, dark orders, and high-frequency trading, as well as theoretical topics such as herd behaviour in financial markets and the impact of trading mechanisms. Currently, his focus is on examining the impact of high-frequency trading and recent market structure changes in Canada.

“Jamie Dimon from JP Morgan said that payments are the hill for banks to die on. It’s clear why: Payments is the highest touch point between banks and customers, it’s the backbone of all commercial activity, and it deeply affects people’s lives and financial well-being. FinTech innovation begins and ends with payments. Innovation in this space is ongoing, meaningful, and impactful. Blockchain technology and decentralized finance, Facebook Diem’s new financial infrastructure and central bank-issued digital currencies are all payments solutions at their cores. I am excited to present this program, which brings executives up to speed in this field, and equips them with the knowledge and tools to become thought leaders, drive adoption and lead innovation within their organization”

– Andreas Park, Program Director

An online education that sets you apart

This Rotman online program is delivered in collaboration with online education provider GetSmarter. Join a growing community of global professionals, and benefit from the opportunity to:

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Gain verifiable and relevant competencies and earn invaluable recognition from an international selection of universities and institutions, entirely online and in your own time.

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Enjoy a personalized, people-mediated online learning experience created to make you feel supported at every step.

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Experience a flexible but structured approach to online education as you plan your learning around your life to meet weekly milestones.

Get more information

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