FINTECH - FINANCIAL SERVICES IN DIGITAL AGE

Code Cours
2324-IÉSEG-MBK1S2-FIN-MBK-CE22UE
Langue d'enseignement
English
Matières
FINANCE
Ce cours apparaît dans les formation(s) suivante(s)
Responsable(s)
D.LAWRENCE
Intervenant(s)
Donald LAWRENCE
Niveau
MSc in Investment Banking and Capital Markets
Année de formation
Période

Présentation

Prérequis
Familiarity with bank divisions; consumer, corporate, investment banking and private wealth management.
Processes supporting card services, payments, remittances, treasury/borrowing/lending and insurance.
Unintended consequences post global financial crises '08; QE, negative int rates, yield curve inversion, operations, KYC, AML, decentraliztion. Generational habits toward trust, digital services, loyalty, call centers, and robotics. Data analytics and ML for pro active client requirements discovery.
Objectifs
At the end of the course, the student should be able to:
- Exhibit a comprehensive understanding of the transformation of post-crises financial services
- Convey consumer behavior seeking simpicity, decentralized, immediate 24/7 mobile access, & economy
- Demonstrate the challenge of speed of technical solutions vs the challenges of internet connectivity
- Propose creative solutions to optimize user experience in opening an account, transfering funds monitoring spending, budgeting and saving
- Convey strong messages using contemporary presentation techniques for graduates planning careers in fin services, management consulting, risk management, entreprenural as well as users of services
- Demonstrate an expertise on key concepts, techniques and trends in their professional field
- Be a reference point for expertise-related questions and ambiguities
Présentation
• Introduction to the fintech ecosystem and overview of incubators, accelerators, VCs and angels
• The path from disruption to collaboration – the retail sector for the digital 4th industrial revolution
• International payments and remittances – early disruptors with global reach
• Alternative lending – payday, consumer and SME sectors
• Wealth advisory –robo; proplend; millennial appetite in saving and investing
• Financial and regulatory frameworks, constraint, implications and risks
• Crypto, electronic currencies, DLT and systems
• The future of fintech – processes and skills in 2020 and beyond

Modalités

Organisation
Type Amount of time Comment
Présentiel
Cours magistral 16,00
Autoformation
Lecture du manuel de référence 14,00
Travail personnel
Group Project 15,00
Individual Project 5,00
Overall student workload 50,00
Évaluation
1} Research project with extensive examination of a Fintech unicorn.
2} An indepth business plan launching a new startup
3} Pitching a professional deck on a fin tech project launch.
Control type Duration Amount Weighting
Examen (final)
Examen oral 0,50 1 70,00
Autres
Projet Collectif 0,50 1 30,00
TOTAL 100,00

Ressources

Bibliographie
Three must read books: Galloway, Scott ('17) The Four; Clark, Duncan ('18) Alibaba: The house that Jack built; Kupor, Scott ('18) Secrets of Sand Hill- Venture Cap & how to get it -
The Lean Startup: How Constant Innovation Creates Radically Successful Busn, Eric Ries ('11) LeMerle, MC. & Davis, A. ('17) Build Your Fortune in 5th Era, Cartwright Publ -
Rubini, A. ('17) Fintech in a Flash. First edn: Createspace -
Lee, Kai-Fu, ('18) AI Superpowers -
Lewis, M ('14) Flash Boys: W. W. Norton & Company -
Stone, Brad ('17) The Upstarts -
https://techcrunch.com/2019/06/18/facebook-libra/ -
Carreyrou. J ('18) Bad Blood: Secrets and Lies in a Silicon Valley Startup: Penguin -