CORPFIN 3005 - Fintech and Disruption in Financial Services

North Terrace Campus - Semester 2 - 2022

The financial services sector is undergoing substantial upheaval and disruption as a result of technology advancements. The course examines the impact of FinTechs on the financial services industry's structure, as well as how they are disrupting a variety of financial transactions such as payments, lending, credit, and investment, as well as the regulatory environment. The course examines rivals, technologies, public policy challenges, and the possibilities for collaboration between incumbents and disruptors in each of these areas.

  • General Course Information
    Course Details
    Course Code CORPFIN 3005
    Course Fintech and Disruption in Financial Services
    Coordinating Unit International Centre for Financial Services
    Term Semester 2
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Assessment Case study, group assignment and final exam
    Course Staff

    Course Coordinator: Dr Ivan Indriawan

    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course students will be able to:
    1. Explain how bank lending, payments and securities trading work in practice.
    2. Discuss how fintech fills the gap in the current financial services industry.
    3. Identify the opportunities and challenges faced by fintech in penetrating financial markets dominated by the incumbents.
    4. Advise on the specific application of fintech to the financial services industry now and in the future.


    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)

    Attribute 1: Deep discipline knowledge and intellectual breadth

    Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.

    1, 2

    Attribute 2: Creative and critical thinking, and problem solving

    Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.

    2, 3, 4

    Attribute 3: Teamwork and communication skills

    Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.

    2, 3

    Attribute 4: Professionalism and leadership readiness

    Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.

    3, 4
  • Learning Resources
    Required Resources
    Hill, John. Fintech and the remaking of financial institutions. Academic Press, 2018.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    The course will be primarily delivered through three activities:

    • Interactive Seminars
    • Assignments (Individual and Group)
    • Test
    The Seminars, including lectures, will introduce and motivate the basic concepts of each topic. Significant discussions and two-way communication are also expected during seminars to enrich the learning experience. The assignments will reinforce concepts by their application to problem solving specifically for the financial services industry. All material covered in the lectures and assignments are assessable.


    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that for a three-unit course you are expected to commit approximately 9 hours of private study outside of your regular classes. This time commitment will include reading relevant materials, preparing for seminars, and other assessment tasks.



    Learning Activities Summary
    Week    Topic
    Week 1: Disruption and disintermediation in financial products and services
    Week 2: Fintech and the new types of money
    Week 3: Financial institutions, market bubbles and crises
    Week 4: Technical analysis in cryptocurrency
    Week 5: Bank lending
    Week 6: Fintech in fixed income markets
    Week 7: Fintech in equity and foreign exchange markets
    Week 8: Fintech in derivative and commodities markets
    Week 9: Financing fintech startups
    Week 10: Fintech support and regulation globally
    Week 11: Social issues with fintech and market structure of the future
    Week 12: End-of-semester revision


  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Assessment Title Weight Due Date Course Learning Outcomes
    Individual Quiz 10% End of Week 4 1, 2
    Individual Report 25% End of Week 6 1, 4
    Group Report 25% End of Mid-Semester Breeak 2, 3, 4
    Final Exam 40% Exam Week 1, 2, 3
    Assessment Detail
    • Individual Quiz (10%): All students must complete a 1-hour open book test via MyUni that includes multiple choice questions drawn from materials presented in the first four weeks of the course.
    • Individual Report (25%): A written submission of no longer than three pages, with a 25% weighting, will be undertaken by students and submitted via MyUni by the end of Week 6.
    • Group Report (25%): This is a group assignment in teams of 3-4 students with a 25% weighting. Students will be required to write a recommendation report on fintech adoption for a major financial institution. The assignment is designed to enable students to write a report from a “consultant’s” perspective.
    • Final Exam (40%): All students must complete a 2-hour university examination consisting of multiple choice and short answer questions drawn from all material presented in the course.
    Submission
    • The individual quiz will be undertaken via MyUni.
    • Submission of the individual and group reports will be made via Turnitin in MyUni.
    • Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
    • Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.
    Late penalties

    Students are expected to submit their work by the due date to maintain a fair and equitable system. A late assignment (without prior arrangement) will be penalized by a 10% of the total assessment mark for each day that it is late. Assessment that is late for more than 5 days will no longer be marked.

    Extensions for coursework assignments

    Extensions are granted on medical, compassionate or other special circumstances recognised under the University’s Modified
    Arrangements for Coursework Assessment Policy.

    The completed extension application form and any documentation (such as a medical or counsellor's certification) should be
    emailed to the lecturer and submitted before the assessment due date. You will be notified of the result of your request.

    Academic grievance

    If you are dissatisfied with the mark awarded for a particular assessment task, please refer to the University policy on student
    grievance.


    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

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