FinTech: Technology and Innovation in Financial Services

FinTech, Financial Technology, commonly known as FinTech, is a whole new industry composed of companies that use technology to make financial services more innovative and efficient. FinTech companies - usually startups, highly reliant on software - are set up to challenge, disrupt and disintermediate traditional financial systems. They are questioning conventional ways of doing things and, once successful, shaping the future of the financial services industry.

The aim of this course is to provide insights into the nascent revolution in the financial services industry: disruptions and opportunities created by the financial technology. This course provides students with the latest ideas and practical knowledge on FinTech. In doing so, it enables them to understand FinTech changes that currently take place in the financial services and ideas that will shape the industry in the future. This course has a strong focus on the business practice - an emphasis (i) on analyzing examples of companies that successfully disrupted financial services, and (ii) on the guest lectures given by industry professionals and entrepreneurs who have hands-on experience in the industry best practices and expertise in recent industry trends.

Literatura podstawowa:

Basic literature:

1. FinTech 2.0 Paper: Redefining Financial Services, Santander Innoventures, 2015

2. The Future of FinTech and Banking, Accenture

3. The Future of FinTech, Milken Institute

4. Crowd Funding - An Infant Industry Growing Fast, IOASO

5. Briefing Blockchains, The Economist, October 2015

6. Roszkowska, P. (2020), "Fintech in financial reporting and audit for fraud prevention and safeguarding equity investments", Journal of Accounting & Organizational Change, 2020. https://doi.org/10.1108/JAOC-09-2019-0098

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3679816

Literatura uzupełniająca:

Supplementary reading:

1. Skinner, Chris. Digital Bank: Strategies to Launch or Become a Digital Bank. Marshall Cavendish, 2014.

2. Haycock, James. Bye Bye Banks?: How Retail Banks are Being Displaced, Diminished and Disintermediated by Tech Startups and What They Can Do to Survive.

3. Tapscott, Don. Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Portfolio, 2016.

4. McMillan, Jonathan. The End of Banking: Money, Credit, and the Digital Revolution. Zero/One Economics, 2014.

5. Sironi, Paolo. FinTech Innovation: From Robo-Advisors to Goal Based Investing and Gamification (The Wiley Finance Series), Wiley, 2016.

Wiedza:

Understanding FinTech and its impact on global finance and banking.

Understanding the main pillars of FinTech and the latest developments in each space of the financial services industry.

Acquiring practical knowledge and skills enabling students to identify needs and opportunities in the financial services industry and develop their own FinTech startup.

Umiejętności:

Acquiring advanced knowledge in finance.

Acquiring quantitative techniques of finance.

Applying and integrating financial knowledge and technical skills to identify and solve problems in business practice.

Kompetencje społeczne:

Inculcating leadership, professional ethics and competence in finance.

Mastering communication skills.

egzamin testowy: 30.00%

ocena z ćwiczeń: 30.00%

inne: 40.00%