Frontiers in FinTech
Duration
- One Semester or equivalent
Contact hours
- 24 hours face to face + blended
On-campus unit delivery combines face-to-face and digital learning.
Aims and objectives
This unit provides students with foundation knowledge of the structure of major financial services industries (including banking, insurance and financial planning) including the types of organisations involved within the value chain, the business models represented and the regulatory environments in which they operate. It provides a high-level view of the types of technologies that are emerging and examines the resulting substantial changes to the business models of incumbent financial services organisations and disruptive new organisations. Students are provided with frameworks and theories on business models and disruption to enable them to analyse changes in a rapidly changing sector.
Unit Learning Outcomes (ULO)
On successful completion of this unit students will be able to:
1. Critically analyse current industry structures, business models, value chains of financial service firms and current payment systems and regulatory environments in which they operate
2. Demonstrate coherent and advanced knowledge of emerging technologies and their potential impacts on the delivery of financial services
3. Critically evaluate frameworks and theories on business models and disruption to analyse emerging business models in financial services
4. Communicate in a proficient and professional manner as a member or leader of a group of people.
2. Demonstrate coherent and advanced knowledge of emerging technologies and their potential impacts on the delivery of financial services
3. Critically evaluate frameworks and theories on business models and disruption to analyse emerging business models in financial services
4. Communicate in a proficient and professional manner as a member or leader of a group of people.
Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
On Campus Class (may include block teaching) | 2 | 12 | 24 |
| Online (asynchronous) Lecture | 1 | 12 | 12 |
Unspecified Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Assessment
Types | Individual/Group Role | Weighting | Unit Learning Outcomes (ULOs) |
Business Case and Presentation | Group | 40-60% | 1,2,3,4 |
| Research Report | Individual | 40-60% | 1,2,3 |
Content
- Current financial services arrangements including business models, value chains and regulations in banking, insurance etc. and the current payments system.
- An overview of emerging technologies and related issues (including blockchain; cybersecurity; application program interface (API); artificial intelligence/ robots, cloud technology) and their potential impact on financial services.
- Business model and disruption frameworks and theories.
- An overview of emerging business models across financial sectors.
- High level discussion of how regulation is changing to enable these models (RegTech)
- Social impact of FinTech
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.