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Digitalization
of Finance:
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| Exam
ECTS |
6 |
| Examination form |
Oral exam based on written product
In order to participate in the oral exam, the written product
must be handed in before the oral exam; by the set deadline. The
grade is based on an overall assessment of the written product and
the individual oral performance, see also the rules about
examination forms in the programme regulations. |
| Individual or group exam |
Individual exam |
| Size of written product |
Max. 5 pages |
| Assignment type |
Case based assignment |
| Release of assignment |
An assigned subject is released in
class |
| Duration |
Written product to be submitted on specified date and
time.
20 min. per student, including examiners' discussion of grade,
and informing plus explaining the grade |
| Grading scale |
7-point grading scale |
| Examiner(s) |
Internal examiner and second internal
examiner |
| Exam period |
Winter and Summer |
| Make-up exam/re-exam |
Home assignment - written product |
|
Size of written product: Max. 10
pages |
|
Assignment type: Written
assignment |
|
Release of assignment: An assigned
subject is released in class |
|
Duration: Written product to be
submitted on specified date and time. |
Description of the exam
procedure
The course exam is a written report addressing a specific exam
task that directly links to learning objectives and classroom
interactions.
The specific topic of the report is communicated to the students
during class.
A feedback day will be organized to allow participants to
present and get feedback on their report ideas. The participants
are required to hand-in a an outline of their report in connection
with the feedback day as well prepare a written peer-review of the
partnering participant's outline. The peer-review should be
handed in as annex to the report and will be considered as part of
the examination, during
grading.
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Digital technologies are fundamentally transforming the ways in
which organizations create value from business activities,
processes, products, and services. The financial sector is no
exception, actually it is one of the most digitalized industries.
Interestingly, the financial sector was one of the most stable and
conservative industries, but is now facing dramatic changes. This
course focuses on the new digital reality that the financial
industry faces, including the thousands of FinTech startups that
are challenging the stability of the industry, the Internet giants
like Apple, Google, Amazon, and Alibaba that are rushing to claim a
piece of the pie, the new technologies that fundamentally transform
banking processes, and the regulatory changes that force the
industry to open up. All these changes must be understood to ensure
a prosperous and healthy financial sector.
This course will focus on the ways in which digital technologies
are changing the rules of competition in finance. Instead of
competing on scale and fortified business positions, competition is
turning to speed and novelty of digital innovations. Instead of
competing only as individual firms, companies compete in ecosystems
and through digital platforms. So, in this course we cover how
digitalization transforms the rules of competition. We will discuss
the role of FinTech that carries this transformation, and how
companies in the financial service must develop the means to
compete on digital innovation. Furthermore, this course will also
revisit the basics of financial industries, namely money and
payments.
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