Financial Technology and Services

TEFTS: Financial Technologies and Services

TEFTS.A: Employability Skills

TEFTS.B: Technological Advances in Financial Technology

TEFTS.C: Business Ecosystems and Digital Platforms

TEFTS.D: Key Elements of the Financial Technology Industry

TEFTS.E: The Role of Robo Advisors

TEFTS.F: Electronic and Mobile Payment Systems

TEFTS.G: Financial Technology Regulations

TEFTS.H: Blockchains and Cryptocurrencies

TEFTS.I: Career and Technical Student Organizations

TEFTS.A.1: demonstrate employability skills required by business and industry

TEFTS.B.2: identify and describe technology advancements in the financial technology industry

TEFTS.C.3: describe and assess financial business ecosystems and digital platforms found within the financial technology industry

TEFTS.D.4: identify and describe technological advancements in the financial services industry

TEFTS.E.5: explain what robo advisors are and summarize their role in financial services

TEFTS.F.6: identify and evaluate the characteristics of electronic and mobile payment systems used in financial technology

TEFTS.G.7: identify the major financial industry regulators and the types of financial activities that are regulated

TEFTS.H.8: define blockchain and cryptocurrencies; explain how they are related

TEFTS.I.9: examine how related student organizations are integral parts of career and technology education courses through leadership development, school and community service projects, and competitive events

TEFTS.A.1.a: communicate effectively through writing, speaking, listening, reading, and interpersonal abilities

TEFTS.A.1.b: demonstrate creativity by asking challenging questions and applying innovative procedures and methods

TEFTS.A.1.c: exhibit critical thinking and problem-solving skills to locate, analyze and apply information in career planning and employment situations

TEFTS.A.1.d: model work readiness traits required for success in the workplace including integrity, honesty, accountability, punctuality, time management, and respect for diversity

TEFTS.A.1.e: apply the appropriate skill sets to be productive in a changing, technological, diverse workplace to be able to work independently and apply team work skills

TEFTS.A.1.f: present a professional image through appearance, behavior, and language.

TEFTS.B.2.a: describe the financial technology landscape and how it has evolved since the introduction of smartphones

TEFTS.B.2.b: identify and summarize which fundamental technologies are driving the biggest changes in the financial industry

TEFTS.C.3.a: evaluate and analyze the process that enables electronic transaction business ecosystems

TEFTS.C.3.b: compare and contrast various legacy and digital financial services platforms to determine the need to migrate to digital finance platforms

TEFTS.C.3.c: describe ways to achieve efficient and effective financial services migration to digital platforms

TEFTS.D.4.a: analyze transactional data and describe how it is used to develop customer intelligence

TEFTS.D.4.b: analyze blockchain technology and explain how it facilitates fast, secure, and low cost payment processing

TEFTS.D.4.c: describe how the emergence of digital finance extends from customer experience and operational efficiency to big data and analytics

TEFTS.D.4.d: explain how robotics and Artificial Intelligence (AI) are applying key pressure points, reducing costs, and mitigating risks in the financial services industry

TEFTS.E.5.a: define digital asset management and compare examples researched via Internet

TEFTS.E.5.b: define digital trade and explain key barriers

TEFTS.E.5.c: describe how digital investments are made and provide examples within financial technology

TEFTS.E.5.d: describe how robo advising and AI are affecting the financial technology services landscape

TEFTS.E.5.e: describe the process for creating an automated budget, and create an automated budget using spreadsheet software

TEFTS.F.6.a: describe the structure of the United States electronic payment systems and demonstrate the different ways money can move throughout the financial services systems

TEFTS.F.6.b: evaluate how and why blockchain, without proper investment, can have detrimental effects on speed and cost for cross-border electronic payment systems

TEFTS.F.6.c: analyze how cryptocurrency has revolutionized the accessibility of electronic and mobile payments

TEFTS.F.6.d: compare and contrast the different types of mobile and digital wallets

TEFTS.F.6.e: analyze the importance of authentication in the payment context as well as the technological trends in payments authentication as related to digital identity

TEFTS.F.6.f: identify international trends in mobile and electronic payments to compare/ contrast the benefits and drawbacks of the different financial ecosystems

TEFTS.G.7.a: critique the financial regulatory environment in the United States and its impact on the development of new and innovative financial technologies and services

TEFTS.G.7.b: evaluate and explain the relationship between privacy and financial innovation

TEFTS.G.7.c: describe how partnerships can alleviate regulatory burdens for developing new financial products and services

TEFTS.G.7.d: research and summarize the major international financial regulatory trends

TEFTS.H.8.a: describe the key characteristics of blockchain and compare the major types in existence including: open and closed, permission and permissionless, and hybrids

TEFTS.H.8.b: describe the major drawbacks of blockchain technologies such as energy consumption and speed; explain how these challenges are being addressed by the financial services industry

TEFTS.H.8.c: distinguish cryptocurrencies from digital currencies and detail the benefits and drawbacks of each

TEFTS.H.8.d: compare and contrast cryptocurrencies and digital currencies with fiat currency

TEFTS.H.8.e: research the ways that new financial products can leverage the specific characteristics of blockchain and cryptocurrencies

TEFTS.H.8.f: describe and evaluate the limitations and benefits of the structural implication of distributed ledger technologies

TEFTS.I.9.a: research and describe the history of Future Business Leaders of America (FBLA)

TEFTS.I.9.b: discuss and explain the mission, purpose, motto, colors, official dress, and other distinguishing characteristics of the FBLA

TEFTS.I.9.c: explain how participation in the FBLA can promote lifelong responsibility for community service, professional growth, and development

TEFTS.I.9.d: create a personal leadership plan to participate in programs, conferences, community service, and competitive events on the local, state, and national level that align with the competencies, skills, and knowledge of this course