Overview

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.

Requisites

Teaching Periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Term 1
Location
Hawthorn
Start and end dates
26-February-2024
14-April-2024
Last self-enrolment date
26-February-2024
Census date
08-March-2024
Last withdraw without fail date
22-March-2024
Results released date
14-May-2024
HE Block 6
Location
Hawthorn
Start and end dates
19-August-2024
29-September-2024
Last self-enrolment date
19-August-2024
Census date
30-August-2024
Last withdraw without fail date
13-September-2024
Results released date
29-October-2024

Learning outcomes

Students who successfully complete this unit will be able to:

  • Critically analyse current industry structures, business models, value chains of financial service firms and current payment systems and regulatory environments in which they operate
  • Demonstrate coherent and advanced knowledge of emerging technologies and their potential impacts on the delivery of financial services
  • Critically evaluate frameworks and theories on business models and disruption to analyse emerging business models in financial services
  • Communicate in a proficient and professional manner as a member or leader of a group of people

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
On-campus
Class
2.00 12 weeks 24
Online
Lecture
1.00 12 weeks 12
Unspecified Activities
Independent Learning
9.50 12 weeks 114
TOTAL150

Assessment

Type Task Weighting ULO's
Business case and PresentationGroup 40 - 60% 1,2,3,4 
Research ReportIndividual 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

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.