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GSU FI 4470 - FI 4470 Online Course Syllabus - Spring 2021

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Commercial Banking and FinTech (FI 4470/FTA 4003) COURSE SYLLABUS COURSE FORMAT: Online TERM: Spring 2021 NOTE: The course syllabus provides a general plan for the course; deviations may be necessary. INSTRUCTOR INFORMATION: Dr. Richard J. Fendler Office Location: RCB 1206 Office phone: 404-413-7325 Email address: [email protected] or [email protected] (these go to the same mailbox) Office Hours: by appointment (email me to arrange a time for a virtual office meeting) CONCERNING THE IMPORTANCE OF CAREFULLY READING THE ENTIRE COURSE SYLLABUS Please read this ENTIRE document very carefully. A syllabus is essentially a “contract” that governs the course. When you complete your first assignment in the course, you are agreeing to abide by this contract. It is always wise to know what a contract says before agreeing to abide by it. Many questions that I receive via email during the semester are answered in this document. Claiming that you did not read or understand the course syllabus is not an acceptable excuse for missing assignment deadlines or other that cause you to fail or do poorly in this class. THIS IS AN ONLINE CLASS!!! This is a 100 percent ONLINE class. All aspects of the class will be conducted online – there are NO face-to-face (F2F) meetings. Every facet of the course, other than the Final Exam, is asynchronous. However, there is a specific weekly structure and work must be completed each week as per the course calendar. Any work not completed by the end of the assignment due week will be assigned a grade of 0. There are NO EXCEPTIONS to this policy. Thus, you must know and carefully follow the calendar for the entire course. A detailed course calendar is posted in the Course Calendar content module on iCollege. Be sure that you carefully review this calendar before the class begins. You are responsible to know all assignment due dates. Course description The FinTech revolution is creating significant disruption to the traditional processes of managing and regulating financial institutions, especially banks. Digital technology is increasingly altering basic financial intermediation functions such as payment processing, risk management, information dissemination, price discovery, capital raising, and consumer expectations concerning access to funds and the timing of loan decisions. Understanding, assessing and forecasting FinTech’s impact on banking is particularly important because proper management and oversight of financial institutions is essential to the efficient operation of the national, as well as global, economy.2 In this course, students will learn about the principles and practices of commercial bank management, including electronic and mobile banking. We will also explore the depository, lending, and service roles of banks and the systems and technologies essential to their delivery. Lastly, we will study the regulatory factors influencing credit, investment, funding and pricing decisions, and the tradeoffs between risk and return. Challenges presented by the FinTech revolution, including traditional and emergent competitors as well as demographic, social, and technology forces driving change in the industry, will be integrated throughout the entire course. Prerequisite: FI 3300 (Corporate Finance) or equivalent. Course Objectives Upon successful completion of the course, students will be able to: • Describe the evolution of banking, the organizational structure of commercial bank products and services, and the economic and social role of banks. • Assess how financial technology (FinTech) is reshaping the function and operation of financial institutions, especially banks. • Analyze the distinguishing features of banks as financial intermediaries, their unique characteristics as businesses, and their sources of value-added in the economy. • Discuss the function of the Federal Reserve System in regulating banks and conducting monetary policy. • Evaluate bank income sources and capital usage. • Appraise how banks identify, measure and control risk and the effect of risk on profitability and growth. • Debate the future of impact of FinTech and FinTech enterprises on the financial services industry. Required Course Textbooks 1. Money, Banking, and the Financial System (3rd Edition) by R. Glenn Hubbard and Anthony Patrick O'Brien. ISBN: 978-0134524061 • This book can be rented on Amazon for about $26.00 (other vendors may be even cheaper). You can also use a prior edition of the book for this class (and thus save yourself a lot of money). The differences between the 2nd and 3rd editions of the book are minor. I have seen copies of the 2nd edition online for less than $25.00. The first edition (published in 2012) will also work for this class. The differences between the 1st edition and the 3rd are more significant, but the basic material that you need to understand for this class is the same. I have seen a pdf copy of the 1st edition online (for free). 2. Bank 4.0: Banking Everywhere, Never at a Bank (1st Edition, 2018) by Brett King. Wiley Publishing. ISBN: 978-1119506508 • Cost new: $28.60; there are many used copies of this book available online. Other Course Materials You will need to have a financial calculator or access to, and knowledge of how to use, financial functions in Excel. A financial calculator is one that has time value of money functions (i.e., FV, PV, PMT, I/Y, N, Cash flow, NPV and IRR keys). Because FinTech is constantly changing, the course will rely heavily on class slides, notes, case studies, and assigned readings from journals and periodicals. All such materials will be provided free of charge to students via iCollege/eCampus.3 Course Policies and Mechanics This is an iCollege/eCampus based, online course. All aspects of the class will be conducted online. This may be your first “true” online course. If so, you have nothing to fear (even if you do not consider yourself to be computer literate). The learning management system (iCollege/eCampus) is user friendly, I am well experienced in teaching online courses, and the online version of this class has received excellent reviews from prior students. In fact, in many ways you may even find this to be a better method of learning than a traditional course. The course revolves around an iCollege/eCampus homepage. The FI 4470/ FTA 4003 iCollege/eCampus homepage contains a detailed daily calendar

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