Course Title: Financial Technology

Part A: Course Overview

Course Title: Financial Technology

Credit Points: 12.00


Course Coordinator: TBD

Course Coordinator Phone: +61 3 9925

Course Coordinator Email: @rmit.edu.au


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

Technology has been changing the business landscape, challenging the status quo, yet creating opportunities for business leaders for innovative ways of thinking and potential growth. Financial Technology – FinTech – refers to technological innovations in the areas of banking and finance, facilitating the interactions among market participants and promoting the efficiency of transactions. In this course you will examine the trends in the development of blockchain technology, cryptocurrency, digital payments and lending as well as digital platforms for wealth management and insurance technology. The course will also provide insights into tax implications, political issues and the regulatory framework on Financial Technology.


Objectives/Learning Outcomes/Capability Development

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 Upon successful completion of this course, you will:

  1. Understand the roles of financial markets and the recent developments of financial technology
  2. Acquire theoretical knowledge in financial technology, blockchain technology and cryptocurrency to resolve industry needs in financial services
  3. Apply technology to financial investment decisions
  4. Identify the application of technology in financial services and wealth management
  5. Apply financial technology to solve business challenges
  6. Provide judgement to political and regulatory issues on financial technology

 

 

Course Learning Outcomes

Aligned Program Learning Outcomes

CLO1, CLO2, CLO3, CLO4, CLO5, CLO6

PLO2. Integrate specialist theoretical knowledge with technical skills to provide in-depth specialist and professional advice related to digital business operations and strategy, leadership, transformation of organisations, financial technologies, digital marketing, cybercrime and privacy and ethical standards.

CLO3, CLO4, CLO5, CLO6

PLO4. Apply reasoned judgements to solve problems in a variety of business contexts with reference to ethical, regulatory and global perspectives.


Overview of Learning Activities

 

 To achieve the course learning outcomes, a range of various learning activities has been designed as follows:

  • lectures and tutorials
  • guest lecturing
  • computer lab sessions
  • in-class discussion
  • independent study and preparation
  • industry research
  • assessment consultations


Overview of Learning Resources

Various learning resources are available online through Canvas. You will also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Recommended Textbook for the course is:
Hill, J., Fintech and the Remaking of Financial Institutions, Academic Press (2018).

Other Reference Texts:
Vigna, P., The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order, St. Martin's Press (2015).
King, B., Smarter Bank: Why Money Management Is More Important Than Money Movement to Banks and Credit Unions, Searching Finance Ltd (2015).
Sirono, P., FinTech Innovation: From Robo‐Advisors to Goal Based Investing and Gamification, Wiley (2016).


Overview of Assessment

Assessment Structure:

Assessment Weighting

Assessment Type

Linked to CLOs

Assessment 1: 20%

Individual report

CLOs: 1, 2

Assessment 2: 40%

Group report – Business challenge

CLOs: 1, 3, 5

Assessment 3: 40%

Individual reflective statements and video presentation

CLOs: 1, 4, 5, 6

 

Details of Assessments:

Assessment 1: An individual report on the development of financial technology and its applications to financial markets. You are required to analyse the potential benefits and risks of financial technology to the banking and finance industry.

Assessment 2: A team report will be produced based on a contemporary business challenge from the Financial Technology area. The area will be change from semester to semester to align with industry trends. You will also be assessed on your performance as a team. Teams will consist of 3-4 persons.

Assessment 3:

  • Reflective statements (20%) on applications of FinTech to financial services
  • Video presentation (20%) on tax implications/political issues/regulatory framework