Banking and Fintech

Aims

This course aims to provide students with an insight into the major features of the banking business and to provide a framework for the understanding of the different types of banks and banking activities. The course will also demonstrate how financial technology has reshaped the banking and the payments industry, as well as the importance and the role of fintech in banks. The first part of this module will examine the changing business characteristics of the commercial banking industry while the second part will focus on the global investment banking industry and developments arising from financial technology. In particular, the asset structure and revenue-earning features of major commercial and investment banks will be examined. In addition, their cost and return features will be outlined, together with recent developments in the industry. Finally the module will analyse various regulatory issues associated with the commercial and investment banking business together with recent developments in European banking markets.

Learning Outcomes

On completing the module, students are expected to be able to:

• Understand the different types of banking
• Understand the different banking products/activities
• Understand the main components of the banking and fintech business functions
• Understand the impact of recent regulatory changes and technological enhancements on the structure of international banking markets.
• Be aware of the changing structure of the global and European investment banking industry

Content

• What is special about banks: Theories of financial intermediation
• Modern Banking: Banking Services and Current Issues in Banking
• International Banking and Financial Services
• Consolidation and Conglomeration in the Financial Industry
• Banking Regulation
• Introducing the Fintech Revolution
• Fintech Activities & Business Models
• Bank Strategies in the light of Digitalisation