Digital finance 2600-MSdz2DFen
Course outline:
• digital paradigm in financial services (digitisation and automation of processes), the essence of digital finance
• 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
• artificial intelligence, GenAI and machine learning (use cases)
• low-code and no-code
• cloud computing (IaaS, SaaS, PaaS), CAPEX and OPEX
• decentralized finance (DeFi), distributed ledger technology (DLT), blockchain, Web3, smart contracts
• embedded finance, Banking-as-a-Service, Fintech-as-a-Service, Payments-as-a-Service
• virtual worlds, Metaverse, Multiverse
• CBDC, cryptocurrencies, stable cryptocurrencies
• robo-advisory, investing in ETPs/ETIs (ETFs, ETNs, ETCs)
• EU digital finance package (digital finance strategy, retail payments strategy, DORA, MiCA, PSD3/PSR, IPR)
• DCF method, NPV, IRR, calculations of rates of return using Excel, ChatGPT, Gemini
Type of course
Mode
Course coordinators
Course dedicated to a programme
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 management and quality sciences and in complementary disciplines (economics and finance, legal sciences). (K_W01)
• Knows and understands in depth the principles, procedures and practices concerning digital finance. (K_W02)
• Knows and understands in depth economic theories and models relating to digital finance. (K_W03)
• Knows and understands in depth the legal regulations relating to digital finance. (K_W04)
• Knows and understands complex technological, social, political, legal, economic and environmental processes and phenomena and their impact on digital finance (K_W05)
In terms of skills:
• Can utilise the theory of the discipline of management and quality science, as well as complementary sciences (economics and finance, legal sciences), to identify, diagnose, and solve problems related to digital finance, applying the appropriate selection of sources and adapting existing or developing new methods. (K_U01)
• Can correctly interpret complex technological, social, political, legal, economic, ecological processes and phenomena and their impact on digital finance, using an appropriate selection of sources. (K_U02)
• Can independently and collaboratively prepare analyses, diagnoses and reports on complex and unusual Digital finance issues and present them communicatively, ICT tools. (K_U03)
• Is able to plan, organise and lead teamwork. (K_U04)
• Has the ability to self-educate, improve acquired skills and support others in doing so. (K_U05)
In terms of social competence:
• Is ready to evaluate and critically approach complex situations and phenomena related to digital finance (K_K01)
Assessment criteria
Interactive lecture with multimedia support, discussion, hands-on activities with Excel and AI Tools (ChatGPT, Gemini)
Bibliography
BCG, QED Investors report Global Fintech 2024: Prudence, Profits, and Growth
Górka J. (ed.), 2016, Transforming Payment Systems in Europe, Palgrave Macmillan
Górka J., 2018, Interchange Fee Economics. To Regulate or Not to Regulate?, Palgrave Macmillan (Springer)
Górka J., 2022, 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
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
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: