Module Information
Course Delivery
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | Group Report 4000 Words | 40% |
| Semester Assessment | Individual Report 2500 Words | 60% |
| Supplementary Assessment | Individual Report 1500 Words | 40% |
| Supplementary Assessment | Individual Report 2500 Words | 60% |
Learning Outcomes
On successful completion of this module students should be able to:
Part 1 –understand the function of modern banking system, including financial intermediation, operation of payment system, and the conduction and transmission channels of central bank monetary system
Part 2: describe, explain the impact of disruptive innovation on various traditional financial market: current Fintech environment, Fintech and banking, Fintech and payment system/cryptocurrency, Fintech and asset management, Fintech and insurance, Fintech and P2P and crowd funding
Part 3-compare and contract regulation and compliance in traditional financial markets and Fintech innovation markets- key regulatory frameworks on main/traditional global financial marketplace; emerging regulation for Fintech from different parts of the world (India, China and UAE, etc.)
Part 4-assess and criticise the challenges of Fintech innovation;
Part 5-assess how financial technology and innovation are impacting businesses, evaluate the use of Fintech and innovation solutions for creating business value, raising business social responsibility awareness, and promoting business ethical culture.
Brief description
Several governments over the world have placed financial technology (Fintech) and innovation at the heart of their economic development strategies. This module aims to equip students with the key concepts of Fintech and the drivers behind it; give an overview of current Fintech environment in financial and non-financial business sectors; update the traditional financial sector regulatory environment to an emerging regulatory environment under the impact of Fintech developments at an international level. Through this module, students will further learn and understand how financial technology and innovation create business values, how to identify business opportunities and to suggest corresponding financial technology and innovative solutions.
Aims
give an overview of current Fintech environment in financial and non-financial business sectors;
update the traditional financial sector regulatory environment to an emerging regulatory environment under the impact of Fintech developments at an international level.
Students will further learn and understand how financial technology and innovation create business values; how to identify business opportunities and to suggest corresponding financial technology and innovative solutions; how to specify key issues in relation to use of data, data collection and data analysis, identify features, benefits and risks of development and promotion of financial technologies, and discuss how financial technology development can promote business sustainability, ESG, corporate responsibility and business ethical consideration.
Content
Banking Intermediation, Payment System and Central Bank Role
Fintech and Traditional Banking System;
Cryptocurrencies and Blockchain
Fintech and Insurance, Asset management, P2P and Capital rising
Fintech in Other Business Circle
Key Regulatory Frameworks of Main Global Financial Marketplace
Fintech in Emerging Markets-Regulatory Development and Its Social Impact
Opportunities and Challenges in Fintech & Innovation
Module Skills
| Skills Type | Skills details |
|---|---|
| Adaptability and resilience | Students are required to work in a group with members from different disciplines to develop collaborating skills in order to complete the final project. |
| Co-ordinating with others | Understand the concept of group dynamics, contribute effectively to group projects, participate in group seminars and other discussions. |
| Creative Problem Solving | Identify and evaluate opportunities and risks, develop critical and creative thinking approaches to solve problems, construct a rational proposal in response to their particular project. |
| Critical and analytical thinking | Develop group cases by analysing case background, recognising development opportunities in narrowing financial inequality, promoting financial accessibilities, evaluating possible outcomes, and assessing potential risks and social contributions. |
| Digital capability | Explore cryptocurrencies performance using Refinitive and use of commonly used software packages, prepare and analyse data. |
| Real world sense | Students will be able to practice real world scenario throughout group project development. |
| Reflection | Devise and apply realistic self-learning and group work strategies, be aware of time management techniques. |
| Subject Specific Skills | Students will be able to understand the key concepts of Fintech, current Fintech and regulatory environment, how Fintech creates business value, and ethical issues faced by Fintech start-ups. |
Notes
This module is at CQFW Level 5