Section outline

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    Introduction to Fintech & its Subsectors

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    • We use the RAIL method to support learning, watch this video to understand this approach to learning. The objective of this introductory course is to give you the R-Realisation of the various areas within fintech, later we will give you the A - Awareness of the various subsectors, job opportunities and the competencies you will need to work towards learning to support your career...

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    Subsector: Digital Payments

    • Digital payments involve the electronic transfer of funds via digital platforms, such as mobile wallets, contactless payments, and online banking. This sub-sector has significantly increased transaction speed and convenience, reducing the reliance on cash and physical cards. Innovations like QR code payments and real-time payment systems have further streamlined the process, enhancing consumer experience and financial inclusion.

    • Market Research on Digital Payments in the UK Lesson
    • Digital Payment Fundamentals Lesson
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    Subsector: Digital Lending and Credit

    • Lending and credit in FinTech encompass alternative lending models such as peer-to-peer (P2P) lending and online credit platforms. These platforms connect borrowers directly with lenders, often offering more competitive rates than traditional banks. They leverage advanced algorithms to assess creditworthiness quickly and accurately, expanding access to credit for individuals and small businesses.

    • Market Research on the UK's Digital Lending and Credit Subsector Lesson
    • Introduction to Digital Lending and Credit Lesson
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    Subsector: WealthTech

    • WealthTech uses technology to enhance investment management and financial planning. Robo-advisors provide automated, algorithm-driven financial advice with minimal human intervention, making investment strategies accessible to a broader audience. These platforms utilise big data and AI to personalise investment portfolios and optimise asset management, often at lower costs than traditional advisors.

    • Market Research and Future Market Trends in the UK’s Wealth Technology (WealthTech) Subsector Lesson
    • WealthTech Defined, its Components and Benefits Lesson
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    Subsector: InsurTech

    • InsurTech refers to the application of technology in the insurance industry to improve efficiency and customer experience. Innovations include automated claims processing, personalised insurance products, and advanced risk assessment tools. By leveraging data analytics and machine learning, InsurTech companies can offer more tailored policies and expedite underwriting processes.

    • Market Research on Insurance Technology (InsurTech) in the UK Lesson
    • Basic Definition and Introduction to InsurTech Lesson
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    Subsector: RegTech

    • RegTech focuses on using technology to help financial institutions comply with regulatory requirements more efficiently. It employs automation, AI, and blockchain to streamline processes like reporting, monitoring, and risk management. RegTech solutions reduce compliance costs and enhance accuracy, ensuring institutions adhere to complex regulatory frameworks.

    • Market Research on Regulatory Technology (RegTech) in the UK Lesson
    • RegTech: Regulatory Technology Basics Lesson
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    Subsector: Blockchain and Cryptocurrency

    • Blockchain technology underpins cryptocurrencies and offers a secure, decentralised ledger for recording transactions. Cryptocurrencies, such as Bitcoin and Ethereum, provide alternative payment systems independent of traditional banking. Blockchain’s potential extends beyond finance, promising transparency and security in various applications, from supply chain management to digital identity verification.

    • Market Research on the Blockchain and Cryptocurrency Market in the UK Lesson
    • Basics of Cryptocurrencies and Blockchain Lesson
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    Subsector: Digital Banking

    • Digital banking encompasses the provision of banking services through digital platforms without the need for physical branches. Online and mobile banks offer a range of services, including account management, fund transfers, and loan applications, providing convenience and accessibility. These platforms often feature user-friendly interfaces and utilise advanced security measures to protect customers' financial data.

    • Introduction to Digital Banking Lesson
    • Market Research on Digital Banking in the UK with a Focus on the North of England Lesson
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    Examples of Entry Level Roles to get into Fintech

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    Useful Bootcamps and Training Providers

    • North Coders:

      Northcoders is a UK-based coding bootcamp offering various immersive courses in software development and data engineering. They cater to beginners and those looking to reskill, with both full-time and part-time options. Their programs emphasise practical, industry-relevant skills and are designed to help students transition into tech careers. Northcoders also partners with businesses to train and onboard new tech talent. They prioritise diversity and inclusion, aiming to make tech careers accessible to everyone. 

      For more details, visit https://northcoders.com

      The Coder's Guild 

      The Coders Guild is a UK-based organisation specialising in digital skills training, offering a wide range of programs to help individuals and businesses upskill in tech. They focus on practical, hands-on learning experiences, covering areas like software development, coding, and digital marketing. The Coders Guild also offers apprenticeships, bootcamps, and custom training solutions tailored to industry needs. With a strong emphasis on inclusion, they strive to make tech careers accessible to all, regardless of background or experience.

      For more information, visit: https://thecodersguild.org.uk