FinTech and Financial Transformation (N1624)

In this report you select ONE of the following areas of services with many recent developments in financial technology (FinTech): Trade Finance Insurance Regulation In your chosen area, your discuss about recent innovations using one (or more) real-life example of FinTech solutions offered in addition to traditional services. The solutions can be issued by any FinTech start-up or any larger company offering Fintech solutions. You may use any solution or solutions you wish, especially from those companies covered in lectures and/or in your group projects. You should use footnotes or endnotes to reference the issuing companys website(s) and any social media or news items that you use. Please note the rules on plagiarism at the end of these instructions and the penalties for breaking them. Your report should be between 1800 2200 words excluding footnotes/endnotes and any tables or figures. Penalties are applied for reports that are excessively long or short. Consider the following four tasks (a) (d). (a) Inspiration Describe the failures in traditional services of your chosen area (i.e., trade finance, decentralised finance or wealth management) that have inspired an innovative FinTech solution (b) FinTech Benefits Analyze how a FinTech solution has been developed and whether it has cut cost for users whilst also improved operational efficiency to make profits in this area (c) Product Differentiation Outline one of the product differentiation strategies that is specifically designed for a FinTech solution to market its products and services to attract more customers (d) Opportunities and Threats Discuss the future opportunities and/or threats that may arise on further developing the innovative solution that you describe in task (b) You should use the above section headings for your responses to these tasks and write in grammatically correct English. Marks are awarded equally for each part, i.e., each section carries 25% of the final grade for this report. Each section should be about 500 words but there is scope for flexibility beyond +/- 10% in each section, provided the total word count is within 10% of 2000 words.

Assessment criteria 1.Knowledge & Understanding(weight 40%)

a.Has the author demonstrated an in-depth understanding of concepts? b.Has information been collected from suitable channels and has it been correctly interpreted? 2.Application (weight 40%)

a.Is the report written clearly and is it relevant to the tasks? b.Does the information collected from various channels support the discussion? c.Are the arguments well structured and coherent? 3.Presentation & Style (weight 20%)

a.Are graphs and tables accurately titled and labelled? b.Has the report been proof-read and has the spelling been checked?