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2020/2021  BA-BHAAV2703U  Fintech Revolution

English Title
Fintech Revolution

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 80
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Kalina Stefanova Staykova - Department of Digitalisation
Main academic disciplines
  • Information technology
  • Innovation
  • Strategy
Teaching methods
  • Blended learning
Last updated on 25-06-2020

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 understand the technology trends characterizing the Fintech Revolution
  • To outline how Fintech start-ups disrupt traditional financial service areas
  • To identify the different actors, both existing and emergent, in the current financial services landscape and outline their roles for shaping the Fintech Revolution
  • To understand the role of regulation for enabling or restricting the Fintech Revolution
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved (see s. 13 of the Programme Regulations): 1
Compulsory home assignments
There is one mandatory activity to the course.
Groups of 4-5 persons has to submitt an 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 does not get the activity approved in spite of making a real attempt, 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.
Examination
Fintech Revolution:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Duration 72 hours to prepare
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content, structure and pedagogical approach

The traditionally stable and conservative financial industry has found itself into a state of flux as it is facing changing consumer preferences, new competitors, rapid spread of emerging technologies and changing regulatory environment. Referred to as the Fintech Revolution, this new phenomenon is characterized by the emergence of new actors, who challenge the dominance of established financial institutions in providing financial services.

 

Utilizing new technologies (e.g. Blockchain, open APIs, Artificial Intelligence, Advanced Analytics), these fintech start-ups successfully venture in traditional financial areas, such as payments, wealth management, investments, trading, insurance, risk management. Fintech start-ups also alter the way companies manage their finances in relation to accounting, taxes, invoicing, acquisition of funds. Further, by increasing the availability of and accessibility to financial services through technology and regulatory changes, the Fintech Revolution heralds the financial inclusion of a number of individuals and businesses, who are currently not participating efficiently in the existing financial systems.

 

The purpose of this course is to provide insights into the ongoing Financial Revolution and to showcase how digitalization transforms the existing financial sector by providing opportunities for new contenders and traditional actors alike. The course further aims at demonstrating the pervasiveness of disruptive financial technologies by exposing the students to a wide range of topics and to a number of successful fintech cases on local, regional and global scale. The course also introduces students to a number of tools and frameworks to help them analyze the ongoing transformation of the financial industry.

 

Class 1.   Introduction to the FinTech Revolution

Class 2.   Mapping the FinTech landscape

Class 3.   Actors in the FinTech arena

Class 4.   Digital Payment Platforms

Class 5.   Crowdfunding

Class 6.   Peer-to-Peer Lending

Class 7.   Blockchain and CryptoCurrencies

Class 8.   WealthTech

Class 9.   InsurTech

Class 10. Changing regulatory landscape

Class 11. Open Banking

Class 12. Financial Inclusion
Description of the teaching methods
The teaching consists of lectures, during which the students will be presented with concepts, tools and frameworks, and later asked to apply them to analyze various cases during in-class case discussions.
Feedback during the teaching period
Continuously in class
Student workload
Classroom attendance 33 hours
Class Preparation 126 hours
Feedback activity 7 hours
Exam and Preparation 62 hours
Expected literature

Bruton, G., Khavul, S., Siegel, D., & Wright, M. (2015). New financial alternatives in seeding entrepreneurship: Microfinance, crowdfunding, and peer-to-peer innovations. Entrepreneurship: Theory and Practice, 39, 9–26.

 

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 (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.

 

Lee, I., and Yong J. S. (2018) Fintech: Ecosystem, business models, investment decisions, and challenges, Business Horizons, (61:1), p. 35-46.

 

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 25-06-2020