Mapúa, Cambridge Centre ready to advance local fintech industry

MAPÚA University has led the charge in elevating the country’s financial-technology segment with its new “Fintech and Regulatory Innovation (FTRI)” program, with content powered by the Cambridge Centre for Alternative Finance (CCAF) of the University of Cambridge Judge Business School, and in partnership with Fintech Alliance.Ph (FTAP).

Mapúa’s FTRI program is the first of its kind off-campus course in the Asean region with localized content tailored to the Philippine setting. The online tutor-led program, which runs for nine weeks, will allow senior policymakers, central bank regulators, security agencies, and finance officers formulate evidence-based regulatory, supervisory, and policy responses that can manage fintech’s growth and utilization.

“Given the breadth and widespread acceptance of fintech systems in the local and international markets, we…believe that the program…can help senior policymakers, administrative officials, and key leaders more effectively direct and oversee the fintech sector,” said Dr. Reynaldo B. Vea, president and CEO of Mapúa.

“We hope that through Mapúa’s FTRI program, powered by CCAF of the University of Cambridge Judge Business School, and in partnership with FTAP, we can help enable the administration and business leaders to create standardized measures, and appropriate safety nets that will safeguard the economy, enterprises, and consumers as fintech continues to evolve and grow,” he added.

Compared with other programs that only teach fintech fundamentals, the university’s FTRI certificate course tackles hard-hitting regulation concerns such as regulatory responses, innovation offices, regulatory and supervisory technologies, regulatory reforms, and international cooperation.

It will also cover essential topics such as fintech innovation, digital assets, digital lending and capital raising, regulatory technologies or “regtech,” insurance technologies or “insurtech,” and a capstone project.

“The idea for this course is an outcome of conversations we’ve had with regulators over the past few years about a dilemma we felt they were increasingly struggling to resolve. They recognize that technological innovations can introduce new risks within the financial system. A fundamental challenge in resolving this dilemma is a growing knowledge gap between technological innovators and regulators about the technologies and business models introduced by fintech,” explained Prof. Robert Wardrop, director and cofounder of CCAF.

“This program is unique because we bring together industry practitioners, regulators, policymakers and academics in the field. We will explore and gather perspectives from different countries in relation to fintech-market development, enabling participants to find the answers to challenges they face in their jurisdiction,” Wardrop added.

The full-online program will have a one-hour synchronous class once a week, and asynchronous lessons for the rest of the week. It will commence in April 2023 and conclude with capstone project presentations by June 2023.

At the end of the program, successful graduates will receive a certificate from Mapúa University, bearing the names of CCAF and FTAP. Aside from the application form, interested participants should submit an endorsement letter from their employers. For inquiries, e-mail ftriprogram@mapua.edu.ph.