20576 - BANK AND FINTECH: VISION AND STRATEGY
CLMG - M - IM - MM - AFC - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT - GIO
Course taught in English
Supported by Banca Mediolanum
Go to class group/s: 31
The role of finance has changed from being a provider of financial products and services to an enabler for them (such as robo-advisers, peer to peer lending, etc.).
The influence from new non-bank competitors and the increasing number of financial technology firms FinTechs - is growing in the market. The FinTech phenomenon has evolved from startups that want to take on and beat incumbents, to a broader ecosystem of different businesses looking in many cases also for partnerships with financial institutions.
The aim of the course is to provide an adequate representation of strategies, actions, tools, and the main critical thinking factors needed to develop human-digital platforms for developing and delivering value in banking.
The setting of the course is interdisciplinary, to take account of the different profiles relevant to managing both the banks and the FinTech companies as business services.
The course is focused on providing professional knowledge and effective tools. A dual perspective of analysis is assumed both for
- Those working within banks (especially retail banks) and FinTech companies, and
- Those who, for various reasons, are called to collaborate with banks as external partners (consultants, technology vendors, and others).
- Understanding the banking business.
- Main scope and content.
- Competitive advantage and critical analysis.
- Market trends in Europe and other foreign markets.
- Understanding the market structure and its digital transformation.
- Supply-demand value chain.
- Incumbents and new competitors.
- Business models in banks and FinTech companies.
- Achieving an integrated vision of the possible scenario.
- Bank and Fintech perspectives: competition versus collaboration.
- Business model innovations: open banking and financial platforms.
- Regulatory framework as is and future evolution.
For attending students
The exam is oral. The contents refer to the textbook and the material made available on the course website (teaching notes, lectures and slides), in addition to the evidence from the guest speakers, which is an integral part of the course and therefore the final exam.
The final evaluation takes into account
- Written/oral exam (50%).
- Work project (30%).
- Active class participation (20%).
For non attending students
The exam is written and it is not possible to integrate marks obtained in group work, which can only be carried out by attending students. The contents refer to the textbook and the material made available on the course website (teaching notes and slides).
- A. OMARINI, Retail Banking. Business Transformation and Competitive Strategies for the Future, Palgrave MacMillan, 2015, selected chapters.
- A set of articles and teaching notes available on the course website.