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The Digital Transformation of the Financial Industry (IEL-B-3+5-WPM-IEL)
Department
- Bachelor's program Management & Law
Course unit code
- IEL-B-3+5-WPM-IEL
Level of course unit
- Bachelor
Year of study
- Fall 2024
Semester when the course unit is delivered
- 5
Number of ECTS credits allocated
- 5.0
Name of lecturer(s)
- Dozent PD Dr. Herberger Tim
Learning outcomes of the course unit
- Based on the theoretical financial framework, which will be briefly explained at the beginning of the course and is necessary to better evaluate the digital developments in the financial sector, the topics of financial intermediation in a digital financial economy, financing instruments in the digital context, and the skills required to successfully operate in a digital financial economy will be presented. The students are thus enabled to understand current and future developments in the financial sector, in particular with regard to digital technologies, in economic terms and thereby to be able to assess opportunities and risks at both the individual and corporate level.
Mode of delivery
- distance learning/e-learning
Recommended optional program components
- none
Course contents
- - FinTechs and Techfins as new players in the financial industry
- Financial Intermediation in a digitalized environment (e.g., the role of fake news on capital markets)
- Platform-based financial Instruments (e.g., Crowdfunding, Social Trading)
- AI-based Instruments in the financial industry (e.g., Robo Advisory)
- Blockchain and Cryptocurrencies in the financial industry (e.g., DeFi-Networks, stablecoins, cryptocurrencies as a regular currency, Central Bank Digital Currency)
- Challenges for Financial Literacy in a digitalized finance eco-system.
Recommended or required reading
- - Chishti, S. / Barberis, J. (eds.) (2016). TheFinTech Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries. John Wiley / Sons.
- Alt, R. / Huch, S. (2022). Fintech Dictionary. Springer Gabler.- Herberger, T. (ed.) (2023). Digitale Transformation und Nachhaltigkeit in der Finanzwelt. Aktuelle Fragestellungen und Perspektiven im Kontext des finanzwirtschaftlichen Risikomanagements [Digital Transformation and Sustainability in the Finance World. Current Issues and Perspectives in the Context of Financial Risk Management]. Nomos.
- Herberger, T. (ed.) (2022). Digitale Transformation und Nachhaltigkeit in der globalen Finanzwirtschaft [Digital Transformation and Sustainability in Global Financial Economics]. Nomos.
- Herberger, T. (ed.) (2022). Die Digitalisierung und Digitale Transforamtion der Finanzwirtschaft [The Digitalization and the Digital Transformation in Finance]; Tectum.
- Herberger, T. / Dötsch, J. (eds.) (2021). Digitalization, Digital Transformation and Sustainability in the Global Economy - Risks and Opportunities; Springer.
Planned learning activities and teaching methods
- The course comprises an interactive mix of lectures, discussions and individual and group work.
Assessment methods and criteria
- Presentation
- Project work
- The assessment in this course consists of two examination components:
The first examination component will be completed on Friday, November 15, 2024, during the course, where an economic issue (case study) is to be solved in group work and the proposed solution is to be presented to the auditorium. The task and the group assignment will be announced on the course date on November 15, 2024. Each of the group members must present a part of the solution. The solution presented by each group should not exceed 20 minutes and should be followed by a 10-minute discussion in the auditorium. This exam counts for 50% of the final grade.
The second examination component is a presentation on a specific course-related topic (topics issued and assigned by the examiner on the first day of class), which is to be worked on in small groups of max. three students as part of a well-founded scientific lecture and presented to the other students. The duration of the presentation should not exceed 20 minutes. Each presentation will be followed by a discussion in the auditorium of up to 10 minutes. These presentations will take place on the last day of class on November 22, 2024. Individual small-group supervision appointments are scheduled for the class session on Thursday, November 14, 2024. This second exam component counts for 50% of the final grade.
Language of instruction
- English
Work placement(s)
- none