Permalink
2023/2024 KAN-CCMVV2310U FinTech Foundations for Finance
| English Title | |
| FinTech Foundations for Finance |
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 |
| Study board |
Study Board for cand.merc. and GMA (CM)
|
| Course coordinator | |
|
|
| Main academic disciplines | |
|
|
| Teaching methods | |
|
|
| Last updated on 16-02-2023 | |
Relevant links |
| Learning objectives | ||||||||||||||||||||||||
The course enables students to apply finance,
economics, strategy, operations, and technology knowledge so they
will have managerial skills to manage in financial services
settings that emphasize rapid tech innovation, exponential industry
opportunities, ubiquitously available services, and platform-based
standardization. There are four specific objectives to achieve this
goal:
|
||||||||||||||||||||||||
| Course prerequisites | ||||||||||||||||||||||||
| None | ||||||||||||||||||||||||
| Prerequisites for registering for the exam (activities during the teaching period) | ||||||||||||||||||||||||
|
Number of compulsory
activities which must be approved (see section 13 of the Programme
Regulations): 1
Compulsory home
assignments
Number of compulsory assignments that must be approved: 1 of 2 (option for elective courses) Description of compulsory assignments: Two FinTech innovation case analysis opportunities with in-class presentations and Q&A will be available on different topics to highlight different topics and contents. o Students in groups and activities. Each assignment requires a 2-3 (max) student group case analysis and will involve a leading FinTech innovation setting for a firm or fintech industry group in a business sector modeled and evaluated via AS-IS and TO-BE process diagrams, using a business process modeling (BPM) analysis tool. o Presentations in class. PPTX slides will be used for in-class group presentation of 15 minutes max. The group presentation must be supported by managerial and strategic analysis based on the theory, framework, and explanatory approaches the instructor introduces throughout the course. o Presentation Q&A. Students will manage a Q&A session on their case for other class session attendees. o Related class discussion. The instructor and a visiting senior executive will facilitate class discussion to deepen student learning by sharing additional relevant theoretical perspectives, evaluative frameworks, and explanatory approaches – as well as share other real-world settings in which such problems are observed. Similar purpose assignments with different fintech contexts and business content. Two runs of a similar assignment will occur in which approval to take the final exam can be obtained: (a) the first will be held in late-September into mid-October; and (b) the second will be held in mid-October into early-November latest. Different topics and case firms will be used to support learning. If a student group’s assignment did not result in ordinary final exam approval. In mid-November, individual students will not have any additional attempts to have the compulsory group case assignment approved by the instructor prior to the final ordinary exam. So, if the student has not received approval for the compulsory assignment due to lack of effort or illness (by receiving a No Show / U), then participation in the ordinary individual exam is not permitted. An exception. If there is evidence the student made significant effort to participate but failed due the low quality of their submitted work (by receiving a FAIL / IN score), there is a remedy. The student can do a compulsory individual make-up assignment in the form of a 10-page take-home written analysis of a FinTech innovation case. It will cover knowledge associated with the course contents and business process modeling techniques. If approved, the student will be able to attend the retake exam in February. |
||||||||||||||||||||||||
| Examination | ||||||||||||||||||||||||
|
||||||||||||||||||||||||
| Course content, structure and pedagogical approach | ||||||||||||||||||||||||
|
Professionals in financial services and finance-related jobs today require knowledge of the digital technology forces that create innovation, disrupt business processes, and transform financial services industry structure and competition. The result has been newly-emerging practices, altered approaches to financial intermediation, technology-enhanced products, more readily-accessible services, increasing entry from FinTech start-ups, and severe challenges to long-standing industry players and financial markets. This course prepares Finance, Accounting, Marketing, Operations, Strategy, and IS students to navigate the new FinTech Revolution-driven industry landscape that has been created amid these changes. This course emphasizes key technologies (e.g., blockchain, open APIs, platform envelopment, mobile phones and chatbots, AI and ML, big data analytics, and regtech innovations, among others) that are creating the changes. It also considers the business processes affected (e.g., lending, payments, bank funding, risk management, securities trading, remittances, cybersecurity, money laundering, products, and service design), and recent developments that reflect changes in how the industry works (e.g., disintermediation, platform transformation, technology-based strategic rivalry, reintermediation, and regtech developments to avoid money laundering). |
||||||||||||||||||||||||
| Description of the teaching methods | ||||||||||||||||||||||||
| The following approaches are used: instructor
lectures, guest speakers, videos, background readings; contemporary
FinTech cases with tool-based AS-IS and TO-BE business process
analysis in group case analyses; instructor case group meetings and
self-study. Lectures cover basic FinTech knowledge for future
business professionals. Teaching notes will be shared to support
student learning on: (1) theories, frameworks and explanatory
approaches with which to interpret the FinTech innovation cases;
(2) how to be successful in using BPMN for FinTechand sector case
analysis work; (3) how the course teaching methods support the
learning goals for students; and (4) how to do well in the final
exam based on the course content and the students’ compulsory group
case work.
The cases and presentations support learning about FinTech innovations in real-world organizations and industry markets around the world. Cases and presentations are done in student groups of two or three, require use of a Business Process Modeling (BPM) tool, and encourage FinTech-style redesign of product and service processes. Knowledge of process analysis is delivered ithrough online study and an in-class exercise over two weeks, along with in-class discussion and case exercise feedback. Knowledge of FinTech transformations that occur in the cases of the course is delivered through student group work, instructor consultations, and student and instructor interactions in class. Students are asked to prep the readings, videos, and cases, and actively participate in their own and others’ group presentations and in-class discussions. This will allow you to take away useful knowledge for a future career in different settings affected by the FinTech Revolution. |
||||||||||||||||||||||||
| Feedback during the teaching period | ||||||||||||||||||||||||
| Feedback will be given to students as they participate in case discussions, do the compulsory assignments, present case study process analyses and offer innovation interpretations through Q&A and rubrics from instructor. There will also be brief individual final exam (graded) based on a contemporary FinTech innovation case analysis in a senior management memo. | ||||||||||||||||||||||||
| Student workload | ||||||||||||||||||||||||
|
||||||||||||||||||||||||
| Expected literature | ||||||||||||||||||||||||
|
||||||||||||||||||||||||
Last updated on
16-02-2023