FinTech covers digital innovation and technology-enabled business model innovation in the financial services industry. FinTech is rapidly evolving across the globe and represents an existential challenge for major parts of the financial sector. These innovative technologies can disrupt existing industry structures and blur industry boundaries, facilitate disintermediation, radically change how firms create and deliver products and services, generate significant privacy, regulatory and law-enforcement challenges, offer new gateways for entrepreneurship, and create opportunities for inclusive growth.
This course will survey academic research in the growing area of FinTech, which studies digital innovation and technology-enabled business model innovation in the financial services industry. The primary focus of this course is on blockchain technology and its specific issues and applications. However, other innovations central to FinTech will also be studied, such as crowdfunding, robo-advising, social trading, and marketplace lending.
For each section, we will start with an introduction of the fundamentals and economics of these FinTech innovations. Then, we will cover several articles (mostly empirical).