Open University has launched a course in financial technology, or "fintech", aimed at educating top executives about the booming area and addressing concerns of a skills gap in U.K.
The term fintech already covers a broad area: from banking to retail and is already considered as jargon by many. Open University, one of the world's largest distance learning institutions, has built the course to demystify fintech and allow participants to understand the technology disrupting traditional financial sectors.
Fintech 101 is a 50-hour course and was developed in conjunction with U.K. trade body Innovate Finance. It costs £695 ($1080) to do. Among the subjects covered are the blockchain – the technology that underlies the cryptocurrency bitcoin – and cybersecurity.
"There is a whole new language emerging when we talk about fintech," Lawrence Wintermeyer, CEO of Innovate Finance, told CNBC in a phone interview.
"We felt that it was important to level set the landscape to explain what fintech is."