Mapúa University offers the first off-campus Cambridge Fintech and Regulatory Innovation (CFTRI) Program in ASEAN
L-R Lito Villanueva, Chairman of FTAP; Atty. Emilio Aquino, Chairperson and CEO of SEC; Prof. Robert Wardrop, Director and Co-Founder of CCAF; Dr. Reynaldo B. Vea, President and CEO of Mapúa University; Dr. Dee Allen, Head of Capacity Building and Education of CCAF; Nicholas Drury, Head of Capacity Building and Education of CCAF; Hunter Sims, Associate Director of Business and Operations of CCAF during the launch of the FTRI Program last November 22, 2022
Mapúa University, in partnership with the Fintech Alliance Philippines (FTAP) and powered by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School officially launches the Fintech and Regulatory Innovation (FTRI) Program, in an effort to address the growing demands of the financial services industry.
The FTRI is an online tutor-led program that is also the first off-campus Cambridge Fintech and Regulatory Innovation (CFTRI) Program in the ASEAN region, with localized content tailored to the Philippine setting. Mapúa, with its strategic objective of transforming itself fully into a digital-driven educational institution, was chosen to introduce this one-of-a-kind program to Filipino fintech professionals.
Mapúa president and chief executive officer Dr. Reynaldo B. Vea stressed the importance of arming senior policymakers, administrative officials, and key leaders to effectively direct and oversee the fintech sector.
“We hope that through Mapúa’s Fintech and Regulatory Innovation (FTRI) program, which is 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,” Dr. Vea shared in the media launch of the program last November 22.
Dr. Vea also discussed Mapúa’s plans beyond the FTRI program, “We filed for the approval of a master's program in fintech, which was developed jointly with other Philippine universities, Asian universities, and European universities”, he expounded.
Dr. Dee Allen, Head of Capacity Building and Education of CCAF, said that they wanted to bring the same quality and comprehensiveness of the CFTRI program to the Philippines through the cutting-edge curriculum of Mapúa.
Being the first off-campus CFTRI program in the ASEAN region, Mapúa’s FTRI program is aimed at empowering Filipino financial regulators, policymakers, and industry practitioners, equipping them with the knowledge they need to form evidence-based policy responses to the development of fintech. It also aims to create a global network where industry professionals and experts can share their knowledge, solutions to challenges, and recommendations in advancing fintech.
“There was a gap in understanding that the business models were different. In the CFTRI Program a lot of the focus is understanding the business models. We also think about the positive impact of its financial inclusion that’s highly relevant in the Philippine setting”, said Prof. Robert Wardrop, Director & Co-founder of the CCAF on the relevance of the program in the fintech community.
Over the course of nine weeks, participants will get an in-depth look into business models and key innovative technologies utilized in the financial services industry. Program topics range from banking and digital finance to the use of regulatory technologies (Regtech). The program concludes with capstone project presentations that participants can implement in their institutions.
Filipino financial industry practitioners who took the CFTRI program also graced the launch, sharing their experiences and the learning opportunities prospective participants can get out of the program.
“Bringing this program to the Philippines will surely fast track the learning process in absorbing this new and emerging financial knowledge and international best practices towards the digital transformation of our country. It caters to the fintech knowledge of us, regulators, and I am particularly happy about the program and highly recommend it”, said CFTRI alumnus Emilio Aquino, Chairperson and CEO of the Securities and Exchange Commission (SEC).
The interactive online lectures are facilitated by leading economists, lawyers, engineers, regulators, and development professionals who will share their insights on the development and applications of fintech.
With the promising innovations and current breakthroughs of fintech, the FTRI program is expected to pave the way to a more informed, transformative, and empowering future in technological development.
“This partnership will change the game in the fintech industry, as we learn, discover, and create new ways to unlock possibilities of emerging financial technology for everyone”, added Lito Villanueva, Chairman of FTAP.
The program will begin in April 2023 and will have its first batch of completers by June 2023. Successful graduates will receive a certificate from Mapúa University, bearing the names of CCAF and FTAP.
Interested applicants may visit https://ftriprogram.mapua.edu.ph/ for more information.