Describe opportunities and four challenges

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Reference no: EM132883102 , Length: word count:2850

Banking in a Digital Age - Assignment

Imagine you are leading an expert team who are producing an expert advisory report to assess what can be learned from Fintech businesses. Prepare a report which addresses the following:

A) Describe four opportunities and four challenges for "fintechs" associated with the use of data to drive their business.

[Notes: At least one of the challenges should refer to digital vulnerabilities (data security, privacy or related) as per the recorded lectures].

Using online research, your report should identify a fintech company you have NOT encountered on this course and assess the implications of each of the above opportunities and challenges for the way the fintech does business. Summarise your findings in a table. (about 1200 words)

B) Based on your analysis above, course materials, independent research and any other evidence, make 5 specific recommendations for your own bank or a financial services organisation with which you are familiar, as follows:

i) Explain each recommendation in about 150 words per recommendation (about 750 words)

ii) Highlight why you think each recommendation is important for your firm. Which one is the highest priority? Why? (about 750 words).

iii) Draw a table summarising the above recommendations (follow similar guidelines to the recommendations table in the CA Assignment on DBS Bank). Ensure that your solution justifies the main points outline in your table. (about 150 words not including table)

Notes: At least one recommendation should refer to digital vulnerabilities (data security, privacy or related).

2850 words

Attachment:- Banking in a Digital Age.rar

Reference no: EM132883102

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