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2017/2018  KAN-CBUSV1702U  Fintech Revolution (T)

English Title
Fintech Revolution (T)

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 40
Study board
BUS Study Board for BSc/MSc in Business Administration and Information Systems, MSc
Course coordinator
  • Jonas Hedman - DIGI
Main academic disciplines
  • Finance
  • Information technology
  • Innovation
Last updated on 16-02-2017

Relevant links
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • to identify the drivers of the FinTech revolution
  • to analyse the role of technical and regulatory changes that enable the revolution
  • to reflect upon the role of digital platforms in the FinTech revolution
  • to identify key technical standards
  • to understand the unique features of FinTech development
Prerequisites for registering for the exam
Number of mandatory activities: 2
Requirements about active class participation (assessed approved/not approved)
- Presentation of mini project
- Practical exercises with demonstration at the FinTech workshop
Examination
Fintech Revolution:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Written assignment
Duration 72 hours to prepare
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn and Autumn
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure

The FinTech revolution is rapidly transforming the financial industry. In this process, new entrants, such technology start-ups and Internet giants, and existing incumbent financial institutions apply digital technologies to gain or keep competitive edge towards rivals.

 

The use of advanced technologies, such as Open-API, block chain, and algorithms,  is not new to the financial sector that has been using state of art technologies since the 1960s when bank accounts were made electronic and continued in the 1970s with electronic stock markets. However, the use of digital technologies and the consequences of technology is transforming the industry in terms of its regime and structure. In payments, for example, more than 12,000 start-ups is entering the market. Similar changes are happening to the rest of the industry, putting previously fortified market positions into question as the conditions for successful business are changing.

 

This course charters an in-depth examination of the FinTech revolution and how digitalization transforms the conditions for business in the financial industries. The course provides the cognitive tools to seize opportunities and avoid the disruptive forces of digitalized business models in Finance.

 
Teaching methods
The course evolves over three parallel strands: The first focusing on the FinTech revolution and its drivers (technology evolution and regulatory change), the second addressing the digital platforms and ecosystems in the financial industries, and the third focus on build, buy, and partner FinTech innovation.

Over 12 sessions (comprising of 2 lectures each), a combination of lecture-mode instruction and case discussion will be used to enable students to identify and describe characteristics, concepts, models, and principles of the FinTech revolution.

Following each session, there will be an additional 2-hour workshops, where students will analyze different FinTech cases (written or guest lecturers). We will also work with the outlook for the fast-developing digital economy, and how these developments affect the business opportunities and challenges in the industry.

Students are expected to take active participation in workshops, in order to capture the most current trends and developments in the area. There is a mandatory group assignment (mini-case with presentation in class) in the application of concepts, models, and principles of the fintech revolution.
Feedback during the teaching period
Continuously in class
Student workload
Lecture 24 hours
Workshops 24 hours
Class preparations 96 hours
Exam and preparations 62 hours
Expected literature

Chishti, Susanne, and Janos Barberis. The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries. John Wiley & Sons, 2016.

 

Gabor, D., & Brooks, S. (2016). The digital revolution in financial inclusion: international development in the fintech era. New Political Economy, 1-14.

 

Guo, Y., & Liang, C. (2016). Blockchain application and outlook in the banking industry. Financial Innovation, 2(1), 24. 

 

Hedman J. and S. Henningsson (2015) The new normal: market cooperation in the mobile payment ecosystem, Electronic Commerce Research and Applications, 14(5) 305–318

 

Hedman, J. and S. Henningsson (2016) Open Sesame: Saxo Bank and the Journey Towards an Open Platform Strategy, in CIO Challenges in Denmark (N. Bjørn-Andersen, ed). Copenhagen: Samfundslitteratur, 187-198.

 

Kazan, E., & Damsgaard, J. (2016). Towards a Market Entry Framework for Digital Payment Platforms. Communications of the Association for Information Systems (cais).

 

Kokkola, T. (Ed.) (2010). The Payment System. Frankfurt am Main: European Central Bank.

 

McKinsey. (2014). Global Payments 2014: A Return to Sustaiable Growth Brings New Challenges. Retrieved from 

Sironi, P. (2016). FinTech Innovation: From Robo-Advisors to Goal Based Investing and Gamification. The Wiley Finance Series.

 

Puschmann, Thomas. "Fintech." Business & Information Systems Engineering: 1-8.

 

Staykova, K. S., & Damsgaard, J. (2015). The race to dominate the mobile payments platform: Entry and expansion strategies. Electronic Commerce Research and Applications, 14(5), 319-330.

 

 
Last updated on 16-02-2017