For this class, you are required to complete a three-step process towards a final research paper on Fintechs which is due by the end of Module 7.
Step 1: Introduction and Outline (40 points)
The first step will be to develop an introduction and outline regarding the topic. This should also include addressing the basic structure outlined below, as well as three Fintechs.
Introduction:
This will include a complete draft of the introduction that will discuss the topic and how the topic will be addressed.
Outline:
The outline is expected to be a board series of points – similar to a table of contents – that outlines the main points and arguments. This will serve as the guide for actually writing the research paper. The structure required is outlined below. This will also include discussing three fintech companies as outlined.
Step 2: First draft (100 Points)
The second step will be to present a first draft of the paper. This will be a completed paper in scope and length but that will be subject to direction and/or redirection by the professor.
Step 3: Final research paper (100 Points)
The third step will be submitting a completed research paper that conforms to the direction and/or redirection by the professor.
Overview: Financial technology companies or Fintechs have been rising out of the ashes of the economic meltdown of 2007. These are Silicon Valley technology companies that are taking on the financial industry with a lot of heavy hitting finance from hedge funds and venture capitals. The CEO of Chase Bank, sighted them as the number one threat to banking in the future.
The single best source for comprehensive information on Fintechs is at the economist.com. Begin by searching the Internet for Fintechs and this should direct you to the appropriate sources.
Please address the following points:
1. Define the background of Fintechs and what they are, how they came into existence and their current scope of operations.
2. Explain the impact that Fintechs have had on the financial services
3. Why are Fintechs perceived as a future threat to traditional banking
4. Identify 3 different types of Fintech companies
a. Explain how they started
b. Product/Service offered
c. Niche focus
d. Level of success
e. Potential future impact on banking
Style and Format:APA style
Approximate Length: 6 – 12 pages (excluding title page and reference page)
References: a minimum of 5 references from scholarly sources
