UCT''s new MOOC makes fintech more accessible

UCT’s course titled Financial regulation in emerging markets and the rise of fintech companies is open to everyone, there are no entry requirements – just an interest in this exciting field. Financial aid is available to cover the cost of the course.

“It will be of benefit to students, entrepreneurs, professionals in the financial services or fintech industries and anyone who wants to join the trailblazers and movers and shakers in the fintech revolution,” says Associate Professor Georg.

The course analyses the causes and repercussions of major financial crises such as the great depression of 1929 and the global crisis of 2008. It also explains new technologies, including blockchain, which have fuelled the emergence of fintech companies around the world. Participants will gain insight into the new regulatory environment, globally and in emerging markets.

According to Dr Sumarie Roodt, Senior Lecturer in the Department of Information Systems at UCT and Chairperson of the Silicon Cape Initiative, blockchain is the next big leap for the African continent. She says, “even though 94% of all transactions in Africa are cash-based, there has been a rapid adoption of fintech in communities that aren’t necessarily financially literate. Blockchain has many different applications across a wide range of industries, especially for verification processes. It can be used to verify land transactions by providing a fraud-proof registry and could improve governance by making transactions more transparent.”

Monica Singer, from the incubator Consensys, encourages entrepreneurs and innovative thinkers to get involved and learn about this new field. She says, “you don’t need to be an expert to change the world! If you believe in something, and you have an exciting idea then follow your instinct - just do it! Blockchain will change everything – the future is here. Get involved.”