Fintech Regulation and Data Protection

This module elaborates on how financial regulation seeks to protect consumers and markets, via looking at the rationales for regulation, national and international organisational structures, and approaches to regulation. Considering that Fintech is a broad term that covers a wide variety of products and services, the course will illustrate how these new financial technologies are subject to regulation by different regulators and in different ways. Students will explore how regulators are engaging pro-actively with Fintech developers to encourage innovation and provide advice on compliance with regulation. Additionally, the module will consider how financial and Fintech firms collect and manage data, the role of data monetisation in Fintech business models, and the challenges presented by the General Data Protection Regulation and by cyber-crime. Cyber-security is a key concern today and the module will examine the sources of cyber-vulnerability and the importance of instilling a strong cyber-security culture within an organisation. Overall, the course aims to provide students with a fundamental appreciation of the general rationales for, organisational structures of, and approaches to regulation and how they may interact with new financial technologies.