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Digital Know-how and FinTech Readiness
M Saravanan Muthaiyah, Thein Oak Kyaw Zaw, Indrawati

Multimedia University, Jalan Multimedia 63100 Cyberjaya, Selangor, Malaysia, Faculty of Economics and Business, Telkom University, Bandung 40257, Indonesia


Abstract

Abstract The finance and accounting domain today require institutions of higher learning to produce competent graduates who are familiar with digital soft skills. These include Blockchain, e-audit, Big data, cryptocurrencies, auditing on the cloud, softbot counselling, robotics in business process automation, peer to peer transactions, application of artificial intelligence in treasury related work and crowd funding. The voguishness of technology usage in the digital economy today has become an impelling force to the accounting and finance profession. Some critical views from the job industry suggest that graduates must possess certain FinTech skills to provide expert counsel which they aren-t able to do at the moment. Industry experts argue that the lack of skill set will definitely impact on recruitment and create pressure for reform in institutions of higher learning to prepare students to fill that gap. FinTech enabled platforms result in disruption to the accounting workforce as newer emerging business models and processes are slowly rising across banking, finance, audit and integrated reporting. In this paper we present findings of top ten skills needed in terms of FinTech readiness that should be included in existing curriculums offered at the tertiary level from expert opinion gathered by relevant stakeholders.

Keywords: Digital age, FinTech, Analytics, Pedagogy, Curriculum

Topic: Financial Technology

Link: https://ifory.id/abstract/7awHmAX2E8Ld

Conference: Conference on Managing Digital Industry, Technology, and Entrepreneurship (CoMDITE 2019)

Plain Format | Corresponding Author (Thein Oak Kyaw Zaw)

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