Information on individual educational components (ECTS-Course descriptions) per semester

Successful completion of all courses of the module Accounting and Finance.

Affinity for quick access to regulatory sources.

• Current situation of the financial sector
• Business models and areas, limits of FinTech companies
• Dark Net (Tor), prevention of money laundering
• Regulatory requirements, opportunities and risks
• Ideas and visions of future developments
• Big Data; new business areas, services and products
• Comparison of FinTech companies and price differences
• Country-specific developments and measures by the authorities
• FinTech vs. traditional banks and customer contact
• Developments and outlook of the FinTech industry

In the FinTech industry, innovative and scalable business models meet a highly regulated environment. Students who wish to major in Accounting and Finance or in Entrepreneurship and Innovation and who are interested in the dynamic environment of FinTechs will find a sound introduction to the specifics of these business models.

Students are familiar with the main aspects, fields of activity and development of the specific FinTech industry. They analyse and compare FinTech companies and discuss the new technology in comparison to the traditional banking business. Students understand the strategic relevance of FinTech technology and potential influences on traditional banks, analyse FinTech companies themselves, their products, investments, costs and corporate structures. They have the opportunity to ask questions to various top-class and experienced speakers.

In doing so, the students use the information to be able to assess influences, competition and developments in the banking and FinTech industry, collect information independently to be able to identify and combine beneficial components from the old and new worlds of the financial industry, to be able to assess and critically question various advantages and disadvantages as well as cost structures.

Finally, the students analyse the financial industry and its products as well as the potential influence on other industries such as the insurance industry but also other service sectors that are facing massive changes with digitalisation.

Interactive course with lecture, case studies, exercises in individual and group work, presentations and homework.

Pre-assignment, participation during the seminar in the form of contributions and short presentations (individual or group assignments), post-assignment, individual weighting as determined by the instructors, announcement at the beginning of the semester

None

Arslanian, Henri; Fischer, Fabrice (2019): The Future of Finance: The Impact of FinTech, AI, and Crypto on Financial Services. 1. Auflage. New York: Palgrave Macmillan.

Classes with compulsory attendance