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Certified by DFI

Understanding and Managing Risk

$250 / Finance Available

A 6-week course taking a broad look at the risks a business may face. Aspects covered include the types and nature of risk.

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Start Date

22 April 2022


6 Weeks


Online, in our digital classroom

Understanding and Managing Risk

Business risk is the flip side of business opportunity. Shaping business opportunities is therefore a process of selecting which risks to embrace and design for, which to seek to mitigate or minimize, which to pass on to others (funders, partners, insurers), and which to avoid entirely.

We therefore take a constructive view of risk: as something that is inherent in business practice, and which need to be understood qualitatively and where possible quantitatively, and carefully controlled and monitored.

We explore a wide variety of risks, including those that arise from the use of digital information technologies; financial activities including banking, capital markets and insurance; organized working at the project and enterprise levels; as well as broader social and environmental impacts.

We take a holistic approach focusing on understanding the nature of risks, and entirely avoid prescriptive risk management solutions based on standard methodologies or checklists.

The course is deliberately broad ranging in its coverage of topics. It has been designed so that you can sample many different types of risks and develop an intuitive understanding of different risk management approaches. Be prepared to learn about diverse topics such as the use of artificial intelligence for credit analysis, exchange rate hedging using derivatives, securing email systems cryptographically, and modeling the spread of epidemics.

Mathematics is the language of risk. And not only in assessing probabilities; mathematics holds the key to digital security. So be prepared: mathematical ideas will be coming up again and again. You are not expected to master the details, just focus on the principles involved and you will be fine. Again, we are seeking to develop intuition, not prescription.

So this is a course for those who want to think about how to think about and optimize risk within their business domain or scope of activity – whether or not you think of yourself as a risk manager.

Course Curriculum


Dr Ignacio Mas

Co-Founder and formerly Executive Director of the Digital Frontiers Institute

What is Mobile Money?

Mobile money refers to a broad category of financial services that allow uses to store, send and receive money on their mobile phone, generally through an app.

What is a Mobile Money Business?

A mobile money business is an organisation, usually a financial services provider, that provides mobile money tools to consumers.

What is DFS?

DFS, or digital financial services, are any financial services that are available through digital channels, and includes payments, credit, savings, transfers and insurance.

What is Fintech?

Fintech, or financial technology, refers to any digital technological tools or business models used to support the delivery of financial services.

What is Financial Inclusion

Financial inclusion is a key part of DFI’s agenda and refers to the goal of ensuring that all people, especially marginalised groups, have access to the financial tools they need.

What is a Virtual Classroom?

A virtual classroom is a learning environment that only exists through a digital platform and that allows students to participate regardless of their geographic location. All DFI’s courses are delivered in a virtual classroom.

What is Digital Frontiers Institute?

Digital Frontiers Institute (DFI) is a digital education provider designed to prepare professionals for the challenges and opportunities they will encounter in a rapidly changing economy.