Advanced digital finance 2600-FCdz1ZFC
Course outline:
• digital finance tesseract (digital finance functions, digital finance providers, digital finance technologies, regulations and infrastructure)
• digital paradigm in financial services (digitisation and automation of processes),
• segmentation of the FinTech industry (services related to investing, lending, insurance, payments, regulation)
• business models and their creation based on Business Model Canvas (BMC) templates, four dimensions of a business model (V4)
• value proposition, how to pitch your fintech start-up
• network economics theory, two-sided markets, platform economics, industrial organisation
• competition and cooperation in the FinTech-BigTech-banks ecosystem, mobile apps and super apps
• open finance, open banking, open data, connected systems, integrated economy
• communication interfaces (APIs)
• instant payments, A2A payments, digital wallets
• artificial intelligence, GenAI, Agentic AI and machine learning (use cases)
• low-code and no-code, IoT, RPA, biometry, cryptography
• cloud computing (IaaS, SaaS, PaaS), CapEx and OpEx
• decentralised finance (DeFi), decentralised applications (DApps), distributed ledger technology (DLT), blockchain, Web3, smart contracts
• embedded finance, Banking-as-a-Service, Fintech-as-a-Service, Payments-as-a-Service
• green finance and ESG
• crowdfunding and token issuance (ICO, STO, IEO, IDO)
• BNPL, dynamic discounting, microfactoring
• virtual worlds, Metaverse, Multiverse
• CBDC, cryptocurrencies, stablecoins
• robo-advisory, investing in ETPs (ETFs, ETNs, ETCs)
• EU digital finance package (digital finance strategy, retail payments strategy, DORA, MiCA, PSD3/PSR, IPR, GENIUS Act)
• DCF method, NPV, IRR, calculations of rates of return using Excel, ChatGPT, Gemini
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Term 2025Z:
Course outline: |
Course coordinators
Type of course
Learning outcomes
Student on completion of the course:
In terms of knowledge:
• Knows and understands in depth the terminology related to digital finance in the discipline of economics and finance and in complementary disciplines (management and quality sciences, legal sciences). (K_W01)
• Knows and understands in depth the principles, procedures and practices concerning digital finance. (K_W02)
• Knows and understands in depth the economic theories and models concerning the functioning of organisations and the economy as a whole, in particular in the areas of knowledge related to digital finance. (K_W03)
• Knows and understands in depth the legal regulations concerning the functioning of organisations and the economy as a whole, in particular in the field of digital finance. (K_W04)
In terms of skills:
• Is able to apply the theory of the discipline of economics and finance as well as complementary disciplines (management and quality sciences, legal sciences) to identify, diagnose and solve problems related to financial decisions in the field of digital finance. (K_U01)
• Is able to correctly interpret complex technological, social, political, legal, economic and ecological processes and phenomena, and to assess their impact on financial decisions in organisations, the functioning of organisations, and the economy as a whole. (K_U02)
• Is able to properly select sources and adapt existing or develop new methods and tools, including advanced information and communication technologies, to identify, diagnose and solve problems related to financial decisions in the field of digital finance. (K_U03)
• Independently and collaboratively prepare analyses, diagnoses, and reports on complex and non-standard problems related to digital finance in organizations; present them clearly to diverse audiences and lead discussions, including in English, using advanced information and communication technologies. (K_U06)
• Is able to plan, organise and manage teamwork as well as to collaborate in teams and take a leading role in team activities. (K_U08)
• Is able to develop the ability to self-educate, to enhance acquired qualifications and to support others in this area. (K_U09)
In terms of social competence:
• Is ready to evaluate and take a critical approach to complex situations and phenomena related to digital finance in an organisation. (K_K01)
• Is ready to think and act in an entrepreneurial manner in both national and global contexts. (K_K04)
Assessment criteria
attendance and active participation in classes, presentations, oral and written assessments,
interactive lecture supported by multimedia materials, group work, discussion, exercises with RPA tools (workflow automation), Excel and AI (such as ChatGPT, Gemini)
Practical placement
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Bibliography
BCG, QED Investors report Global Fintech 2024: Prudence, Profits, and Growth
Górka J., 2025, Finanse cyfrowe: tesserakt, Wydawnictwa Uniwersytetu Warszawskiego DOI 10.7172/978-83-235-7086-8.swwz.32
Górka J., 2018, Interchange Fee Economics. To Regulate or Not to Regulate?, Palgrave Macmillan (Springer)
Górka J., 2021, Problem solving approach to an electronic payment service in e-government on the example of ZUS (Payment-as-a-Service) „Ubezpieczenia Społeczne. Teoria i praktyka”, nr 4(151) 2021, pp. 119-142.
Grabowski M., 2021, Legal Aspects of “White-Label” Banking in the European, Polish and German Law. “Journal of Risk and Financial Management”, 14(6), 280.
Nicoletti B., 2017, The future of FinTech. Integrating Finance and Technology in Financial Services, Palgrave Studies in Financial Services Technology
Osterwalder A. Pigneur Y., 2010, Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers (The Strategyzer series), Wiley
Prasad E., 2023, The Future of Money, Harvard University Press
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Term 2025Z:
Literatura wymagana (podstawowa): Literatura uzupełniająca (dodatkowa): |