KSY124: Impact of Technology on Ethical Wealth Management: Understanding the Ethical Challenges and Opportunities Presented by Financial Technology

Learning Outcomes

1. Identify key technologies impacting wealth management.

2. Explain the ethical challenges and opportunities presented by financial technology (fintech) in wealth management.

3. Apply ethical principles to scenarios involving the use of technology in wealth management.

4. Evaluate the ethical practices of wealth management firms in their use of technology and recommend improvements.

Course Contents

• Introduction to Financial Technology in Wealth Management

- Overview of fintech innovations (e.g., robo-advisors, blockchain, AI)- Key players and tools in the fintech landscape- Ethical implications of fintech

• Ethical Challenges in Fintech

- Importance of protecting client data- Ethical issues in data collection, storage, and usage- Understanding biases in AI and machine learning- Ethical implications of biased algorithms in investment decisions

• Opportunities for Ethical Practice in Fintech

- Ethical ways to use technology to improve client services- Case studies of successful ethical technology implementation- Role of technology in enhancing transparency- Building and maintaining client trust through ethical tech use

• Applying Ethical Principles in Tech-Driven Scenarios

- Frameworks for ethical decision-making in fintech scenarios- Applying these frameworks to hypothetical and real-world scenarios

• Evaluating and Improving Ethical Practices

- Evaluating the ethical practices of wealth management firms- Identifying strengths and areas for improvement- Strategies for implementing ethical improvements