Course

Module 1

Module 1: Introduction to Fintech (10 hours)

1. Introduction to Fintech – how it is transforming financial services
2. Global trends and recent Developments
3. Reviewing the Fintech sector and its future growth prospects
4. India FinTech Insights
5. Fintech Adoption and Economic Forces.
6. Challenger banks and neo banks.
7. Fin Tech –financial Inclusion
8. Fin Tech and remittances.

Module 2

Module 2: Innovation and technology adoption in fintech (block chain, machine learning, artificial intelligence & big data) (10 hours)

1. Block chain Technology: What it is, how it works. Its advantages and limitations.
2. Block chain technology and its applications in financial service
3. Cryptocurrencies – bit coin, Ethereum, XRP – risk and return opportunities; Stable coin – what it is and its opportunity and risk
4. Retail central bank digital currency
5. Data issues – Big data, data collection, social media, misuse of data.
6. Artificial Intelligence, Machine Learning and Deep Learning.
7. Natural Language Process.
8. AI in financial services- NLP, chatbots and voice assistants.
9. Implications of robots for employment.

Module 3

Module 3: Fintech application in financial application in financial service industry (10 hours)

1. Digital payment system – What it is, how it works, trends opportunities and challenges
2. Group presentation on “Digital Payments in India” & “Payment interface”.
3. Credit Lending – types, factors impacting the supply & demand, trends of fintech and big tech.
4. Group project presentation on “Credit Lending in India”.
5. Case study discussion on “Fair cent – powering P2P Lending solution” will highlight the Indian P2P market.
6. Digitization of Trading – what gets done and how? – Opportunities and challenges.
7. Group Presentation on “Capital Market”.
8. Trends in InsurTech and impact of technology application on insurance value chain.
9. Group Project presentation on “Insurtech”.
10. Case discussion of Lemonade – Insurtech & Behavioural economic Market developments in RegTech and Sup Tech.
11. Group Project Presentation on “RegTech and SupTech”.
12. Impact of AI in financial services.
13. Group project presentation on “AI applications in financial services”.

Banking Course Description

Financial Technology or “Fin Tech” refers to financial technology development in recent years that continue to disrupt and revolutionize the way financial services industry functions. Organizations today need to familiarize themselves with the new innovative technologies and their regulatory framework to better equip themselves to the changing landscape of financial service delivery across industries. The present course focuses on introducing the evolution of these technologies, its major applications in financial services with a focuses on introducing the evolution of these technologies, its major application in financial services with a focus on Asia and India in particular. The course would help get insights into how the current Fin Tech companies are filing the gap left by exiting financial institutions in serving the changing needs of customers. Through the course you would explore the opportunities, challenges and limitations of financial technology.

Course Outcomes& Learning levels

1. Assess the landscape of fintech and transformation of financial services across the world
2. Assess the integration of innovation and technology in fintech services (block chain, machine learning, artificial intelligence and big data).
3. Evaluate the trends, opportunities and challenges associated with Fin Tech application in banking and financial service industry.

Evaluation Pattern

*Based on assignments / Tests / Quizzes / Case Studies / Projects / Term paper / Field visit report.

1. Fintech and the Remaking of Financial Institutions by John Hill Elsevier (2018).
2. The Fintech Book Sussanne Chrishti and Janos Barberis, Wiley, 2016.