financial technologies in banking

Australian National Institute of Management and Commerce (IMC)

TTEC604 Financial Technologies in Banking

Individual Assignment

Semester 2, 2020

Lecturer: Dr Mariya Yesseleva-Pionka

Due date: 29 September 2020, 23.59 pm Sydney time

Submission: Online submission (follow the assignment submission link on Moodle)

Total Mark: 25

Digital banking and banking-as-a-platform Mr. Will Beeson – Head of Operations & Innovation, CivilisedBank, UK

Watch the video presented above (follow the link or access the HS Talks database)

Answer the following questions:

1. How would you define ‘digital banking’? (2 marks)

2. What is ‘Fintech’? Why, when, where and how was it developed? (3 marks)

3. What is ‘money laundering’? What can be done to prevent it? (5 marks)

4. Regulation on banking is complex and extensive, how should it be enforced? (5 marks)

5. How will AI affect digital banking? (5 marks)

6. Does ‘more digital’ mean ‘more risk’ or ‘less risk’ in banking? (5 marks)

When in answering the above questions relate to the information presented in the video and also incorporate

the lecture material on the Australian market and regulations. You are also expected to include information

from the lecture delivered by the guest speaker -Mr Lucas Calleja in week #4. Provide examples for each

question. Feel free to use the Australian and international FinTech landscape.

General Rules and Requirements:

This is an individual assignment.

Word limit is 2,500 words.

Font type - Times New Roman

Font size-12

Paragraph spacing - 1.5