SOAS University of London

School of Finance and Management

Fintech in International Business

Module Code:
151030042
Credits:
15
FHEQ Level:
5
Year of study:
Year 2
Taught in:
Term 2

Fintech revolution has disrupted the way the businesses operate, making technology as a force that is changing the business landscape like no other. The module provides understanding of Fintech and the disruptions it creates in global business environment, and society. 

On successful completion of this module students will have learned that although fintech operates under strict rules, regulatory compliance and security laws, and scientific and technological developments, this is not an exact science, and that a range of local factors, socio-economical and geopolitical contexts affect the outcomes.

Through the vast number of case studies and theories, students will be able to grasp the main points of Fintech and Start up revolution from fund raising, to comparative legal ethics and management values and large social implications of advanced technologies to micro and medium sized enterprises.  Students will understand that the dynamic itself is changing, the change is constant and as such it is the part of the business development. This module will challenge students to think critically about the concept. 

Objectives and learning outcomes of the module

At the end of this course students should be able to:

  • Define, explain, and appropriately utilise key terms, models, concepts and theories as they pertain to the fintech in international business;
  • Discuss key management debates (including ethical issues), theoretical challenges, developments, tensions and contradictions within the fintech in international business;
  • Understand advanced technologies, Artificial Intelligence (AI) and blockchain use cases in China, Africa, US, Europe and other jurisdictions
  • Fund raising case studies for Fintech in US, UK, European, Japanese, Middle Eastern countries
    "the fintech Revolution" and the vast social implications of advanced technologies to micro small and medium sized enterprises (MSMEs).
  • Understand and Appreciate the issues of socio-cultural, economic and environmental changes and challenges brought by Fintech revolution  
  • Understand the role of consumers and customers within the concept of fintech in the context of business to business, business to customer, customer to business and customer to customer relationship
  • Understand market adoption of fintech, specifically focusing on changing consumer culture 
  • Understand regulatory compliance and securities laws for start ups and best practices of regulatory sand boxes
  • Explore the forces and dynamics of business disruptions, society reactions and consumer (dis) empowerment and (dis)empowerment within the course of action

Workload

  • Two 1 hour lectures per week for 11 weeks
  • One 1 hour tutorial per week for 10 weeks
  • Students will carry out approximately 119 hours of independent study
  • Total for this module will be 150 ours

Scope and syllabus

  1. Introduction:  What is Fintech? Key examples: Cryptocurrencies,  Challenger banks, Mobile and Electronic wallets, Cloud providers, use of AI & ML (i.e. algorithmic trading)
  2. Market Disruption, B2B  and B2C
  3. Fintech and International Management  Regulation and Innovation
  4. new fintech startups, new banking models
  5. AI and machine learning
  6. Consumer attitudes
  7. Fintech and Business Ethics
  8. Fintech and Born Global Companies
  9. Fintech and regional specificities EU/China/MENA, Sub-Saharan Africa
  10. Concluding remarks: the future trends

Method of assessment

  • One 2 hour written exam paper for 40%
  • One 3000 word essay assignment for 50%
  • Tutorial discussion and preparation will be assessed (10%)

Suggested reading

Core Reading
  • Susanne Chishti  and Janos Barberis (2016) The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries.  Willey.
  • David Kuo Chuen Lee and Linda Low (2018) Inclusive FinTech: Blockchain, Cryptocurrency and ICO, world scientific

Disclaimer

Important notice regarding changes to programmes and modules