Course Catalogue

View Specification Document | Reading List

The course examines business model innovation from two different point of views: business model design as a critical aspect of successfully starting new fintech ventures and business model reconfiguration as a critical aspect of renewal and innovation in established firms. The course reviews prominent business model innovations and explores successful strategies to introduce business model innovations of new entrants and incumbent firms. Students learn how firms use innovations in business models to create and capture value and how obstacles and barriers against business model innovation can be managed. Students apply the concepts and theories discussed in class to their own technology-based ventures or finance firms of interest.

Course is delivered over 1 week, comprising of 10 hours of lectures and 6 hours of business model workshops.

Registration on the MSc Financial Technology programme

None

None

At the beginning of the course, students will form small teams to conduct a business model design exercise, including researching and analysing business model elements, generating business model options, and formulating a strategy to implement different business model designs. Teams can either perform this task for a technology-venture or finance firm the group is interested in or select from a list of firms made available by the course coordinator. The work of the teams will be assessed in form of a business model report and a presentation.

The aim of this course is to provide students with the opportunity to develop competencies in creating and managing new business models for innovation in finance.

By the end of this course students will be able to:

1. Demonstrate critical understanding of theories, concepts and principles of business model design;

2. Apply critical analysis and evaluation of business models;

3. Demonstrate critical awareness of current issues in the development of new business models in the financial service sector;

4. Deal with complex issues and make informed judgements in the process of developing business model innovations, especially under conditions of market and technological uncertainty;

5. Communicate, using appropriate methods, to a range of stakeholders the results of an undertaken business model assessment and present entrepreneurial strategies to implement a new business model.

6. Identify and use ways of working in a professional way with others to achieve aims and outcomes and to implement plans

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.