Singapore University of Social Sciences

Technological Innovations in Finance

Technological Innovations in Finance (FIN545)

Synopsis

FIN545 Technological Innovations in Finance examines the phenomenal rise and interest of the alternative providers of financial services, commonly known as the financial technology (fintech) businesses, in the financial industry. The fintech businesses and their founders come into the scene by bringing new technologies, disruptive business models and a totally different mindset to the delivery of affordable financial services. In this course, we will examine the changes and impacts brought forth to the financial industry and the economy due to these new participants. The course provides a historical overview of the delivery of financial services through the perspective of an incumbent bank and then extend the discussion by looking at the innovations and disruptions that were brought forward by the challengers. Different topics of financial services in both retail and investment banking -- payments, credit underwriting, fund raising, investment and trading -- will be covered in the course. Case studies on important fintech businesses are used throughout the course and significant events are discussed, such as how the Global Financial Crisis in 2007/2008 hastened the decline of incumbent banks’ dominance in the delivery of financial services. To provide a balanced perspective, the course also examines how the incumbent banks are rising to the challenges posed by the fintech businesses and how they are adapting their business models to ensure longevity in their businesses.Overall, the course is aimed at providing fundamental understanding of financial innovations and relevant digital technologies and preparing students for new business models and the profound changes ahead in the finance industry.

Level: 5
Credit Units: 5
Presentation Pattern: Every July

Topics

  • Incumbent banks and relationship banking
  • Financial innovations
  • Financial inclusion
  • Future of crypto assets
  • Quantitative trading and passive investing
  • Machine learning in investment strategies
  • Digital financial advisor
  • Crowd sourced fundraising
  • Financial literacy
  • Payment innovations
  • Data analytics in payment systems
  • Regulatory challenges

Learning Outcome

  • Critique the rise of fintech phenomenon, as well as the merits, opportunities, and cost of new business models
  • Appraise the importance of financial literacy in a world with new financial products
  • Assess the opportunities and challenges faced by fintech businesses, as well as the adaptions and changes to the business models of incumbent banks
  • Formulate investment opportunities and strategies for new financial products
  • Examine and critique the long-term sustainability of new business models
  • Design new business models in finance industry by integrating innovations and new methodologies into existing business models
Back to top
Back to top