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2019/2020 KAN-CBUSV1702U Fintech Revolution (T)_CANCELLED
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| Fintech Revolution (T)_CANCELLED |
Course information |
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| 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 | 50 |
| Study board |
BUS Study Board for BSc/MSc in Business Administration and
Information Systems, MSc
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| Last updated on 20-06-2019 | |
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| Prerequisites for registering for the exam (activities during the teaching period) | ||||||||||||||||||||||
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Number of compulsory
activities which must be approved: 1
Compulsory home
assignments
There is one mandatory group assignment of max 10 pages (uploaded in DE) that has to be presented in class. If a student cannot participate in the activity due to documented illness, or if a student fails the activity in spite of making a real attempt to pass the activity, then the student will be given one extra attempt before the ordinary exam. The extra attempt will require handing in a written report of 10 pages on a topic assigned by the course instructor. |
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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.
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| Description of the 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. |
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| Feedback during the teaching period | ||||||||||||||||||||||
| Continuously in class | ||||||||||||||||||||||
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| Expected literature | ||||||||||||||||||||||
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The literature can be changed before the semester starts. Students are advised to find the final literature on LEARN before they buy the books.
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.
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