Module Catalogues

Ethics, Risk and Regulation in FinTech

Module Title Ethics, Risk and Regulation in FinTech
Module Level Level 4
Module Credits 5.00
Academic Year 2023/24
Semester SEM2

Aims and Fit of Module

The module aims to develop a critical understanding of ethics, ethical theories, and their application to FinTech Organisations. It reviews the current regulatory pressures faced by the financial services and FinTech industry, and identifies the micro- and macro-economic and financial risks and factors affecting FinTech organisation and performance. The module raises students’ awareness of the use of artificial intelligence to understand the capacity of those technologies to support regulatory services, as well as the accompanying risks which regulators are concerned with.

Learning outcomes

A Understand ethical issues facing FinTech Organisations and critically appraise ethical theories and their application to FinTech Organisations. B Assess the implications of FinTech for the regulation and supervision of the financial services sector. C Discuss the guidance developed by global standard-setting bodies for FinTech to support the analysis and policy recommendations. D Review recent regulatory initiatives in the FinTech sector and compare the FinTech regulatory environment around the world. E Recognise operational and technology-related risks for FinTech firms. F Demonstrate financial conduct authority (“FCA”) authorization and regulatory sandbox regimes with regard to FinTech. G Categorise key aspects around financial technologies and regulation policy report and distinguish the different types of regulators, drawing recommendations to the FinTech sector.

Method of teaching and learning

The delivery mode utilized in this module will enable students to concentrate on one specific subject during the period in which the module is being delivered, enabling students to further support and extend their understanding of the subject. This module will comprise interactive/participative lectures and case studies. Teaching will be supported by the provision of outline content and an associated reading list, lecture notes and relevant research articles. Learning sets will be used as the basis for problem-based learning scenarios designed to include case studies, class-based activities, research articles and web-based materials. An underlying principle of the learning and teaching strategy is to develop students as reflective practitioners and to encourage engagement with continuous professional development.