This course is for professionals working in digital money or financial services wanting to develop a fuller understanding of the emerging landscape for digital money around the globe and is entirely case study-based. It presumes a basic knowledge of the principles of digital money and the operation of digital payment systems. Students of this class should have completed the Digital Frontiers-The Fletcher School of Law and Diplomacy Certificate in Digital Money or equivalent prior to taking this course.
What Are The Intended Outcomes?
Following completion of the course, you will have an integrated global view of the current trends and scenarios in digital money playing out across the globe. It is hoped that students will learn about and draw inspiration from alternative regulatory and industry models than those that they are already familiar with, and develop a practical understanding of how the major mobile payment solutions in use today work.
Roadmaps for the Journey
OSI Layer Model for Communications Industries
Vertical vs. Horizontal Integration
Scale Through Specialisation
Driving Industry Change
Country Ratings: EIU, Brookings, Citi/ICL
AFI and Maya Declarations
User Surveys: Findex, Finscope
Bank Survey: IMF FAS
The Rise of Over-The-Top Superplatforms: China (Part 1)
China’s DFS Growth in Perspective
Role of Banking Systems
WeChat, JD Group, Creditease, Yirendai
The Rise of Over-The-Top Superplatforms: China (Part 2)
CBIRC, PBOC, CSRC
Social Credit Scoring
2015 Guidelines on Internet Finance
National Policies on Financial Inclusion
Digital Fiat Currency (DFC)
How Global Internet Majors are Playing the Field: The US and Beyond