Outline

Overview

Fintech is an essential component of the modern business world, particularly in relation to lowering costs, increasing efficiency and for promoting financial inclusion. Through this unit students are equipped with an understanding of innovation in the financial system, and how these developments interact with current laws and regulations in the global markets. This unit provides students with insights into a wide range of topics, including smart contracts, crypto-assets and virtual currencies, mobile payments, crowd funding and property law. It also introduces students to existing regulations for digital information. This includes a range of topics such as privacy laws, artificial intelligence and big data.

Unit details and rules

Unit code	CLAW6888
Academic unit	Accounting
Credit points	6
Prohibitions ?	None
Prerequisites ?	None
Corequisites ?	None
Assumed knowledge ?	This unit is designed for students with no knowledge of fintech or digital information. However, it is expected that students are familiar with many of the companies and fintech technologies that will be discussed
Available to study abroad and exchange students	Yes

Teaching staff

Coordinator	Sarah Guo, qian.guo@sydney.edu.au
Lecturer(s)	Sarah Guo, qian.guo@sydney.edu.au
Tutor(s)	Clement Peng, clement.peng@sydney.edu.au

Type	Description	Weight	Due	Length
Supervised exam ?	Final exam Hypothetical problem(s) and multiple choice questions	30%	Formal exam period	1.5 hours
Outcomes assessed:
Small continuous assessment	Online Quizes Students answer quiz questions which comprise MCQs and short questions.	10%	Multiple weeks	4 quizzes with 20 questions per quiz
Outcomes assessed:
Assignment	Research question Students will choose one of five pre-selected research questions.	40%	Week 10 Due date: 09 Oct 2023 at 23:59 Closing date: 23 Oct 2023	3000 words
Outcomes assessed:
Presentation	Group Presentation Students critique news article relating to Fintech and Data Information.	20%	Weekly	5 minutes with 1 PP per student
Outcomes assessed:
= group assignment ?

Assessment summary

The Final Exam will provide students with an opportunity to demonstrate their critical analysis skills through short hypothetical problem(s) based on materials of select weeks, and test students’ knowledge of the entire course through multiple choice questions. The exam will be supervised and tested individually. It will be an open book exam with students permitted to consult the source book, power points, weekly problem questions and answers, and any other material. The final exam duration is 90 minutes plus 10 minutes reading time.

The Assignment is a research exercise where students will choose 1 of 4-6 pre-selected topics covering subject matter areas presenting current challenges in Regulation of Fintech and Digital Information. In answering the research question students will be required to use at least three reliable academic sources, including a compulsory text which will be supplied. The maximum number of words will be 3,000 words which will not include references or the bibliography.

The Group Presentation will be done weekly during the tutorial and will consist of a presentation on a news topic or press release which is current, that is less than 3 months old. Each student will be expected to speak for up to 5 minutes and produce their own power point as part of the group presentation.

The Online Quizzes will test the knowledge of individual students of the topics that they have recently studied. This will enhance their understanding of the topics on a continuous basis.

More detailed information on each of the three assessment items, including instructions and general marking criteria, will be published on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name	Mark range	Description
High distinction	85 - 100	Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Distinction	75 - 84	Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Credit	65 - 74	Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Pass	50 - 64	Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Fail	0 - 49	When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

Deduction of 5% of the maximum mark for each calendar day after the due date.
After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Learning support

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Weekly schedule

WK	Topic	Learning activity
Week 01	Introduction to FinTech	Lecture and tutorial (3 hr)
Week 02	Distributed Ledger Technology (DLT) & Blockchain	Lecture and tutorial (3 hr)
Week 03	Payments: Crypto-Currencies, Central Bank Digital Currencies (CBDC) and Remittances (part one)	Lecture and tutorial (3 hr)
Week 04	Payments: Crypto-Currencies, Central Bank Digital Currencies (CBDC) and Remittances (part two)	Lecture and tutorial (3 hr)
Week 05	Raising Capital: Initial Coin Offerings (ICO) and Crowdfunding	Lecture and tutorial (3 hr)
Week 06	Financial Crime: Money Laundering and Terrorist Financing	Lecture and tutorial (3 hr)
Week 07	Big Data and its Regulation	Lecture and tutorial (3 hr)
Week 08	Artificial Intelligence, Ethics and AI Governance (part one)	Lecture and tutorial (3 hr)
Week 09	Artificial Intelligence, Ethics and AI Governance (part two)	Lecture and tutorial (3 hr)
Week 10	Cloud Computing and Location of Customer Data	Lecture and tutorial (3 hr)
Week 11	Software and Liabilities	Lecture and tutorial (3 hr)
Week 12	Regulatory Sandbox, Innovation Hub and RegTech	Lecture and tutorial (3 hr)
Week 13	Revision	Seminar (3 hr)

Attendance and class requirements

Students are expected to attend and participate in the tutorial sessions.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

The prescribed weekly reading list will be provided on the Canvas site.

Learning outcomes

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

Outcomes
Graduate qualities

At the completion of this unit, you should be able to:

LO1. Evaluate areas of legal and regulatory uncertainty with respect to fintech companies and digital information by analysing laws, regulations and case studies.
LO2. Apply the legal and regulatory tools and case studies learned to solve issues in fintech and digital information
LO3. Evaluate how different jurisdictions are regulating fintech and digital information in the global market by taking a comparative approach of laws and regulations

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1	Depth of disciplinary expertise Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.
GQ2	Critical thinking and problem solving Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.
GQ3	Oral and written communication Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.
GQ4	Information and digital literacy Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.
GQ5	Inventiveness Generating novel ideas and solutions.
GQ6	Cultural competence Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.
GQ7	Interdisciplinary effectiveness Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.
GQ8	Integrated professional, ethical, and personal identity An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.
GQ9	Influence Engaging others in a process, idea or vision.

Outcome map

Learning outcomes	Graduate qualities
Learning outcomes

Responding to student feedback

This section outlines changes made to this unit following staff and student reviews.

The course assessment has changed to reflect that the course will be face-to-face classes in the second semester.

Additional information

Business School Policies

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.

Current students

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Additional information

Additional information

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect

Current students

CLAW6888: Regulation of Fintech and Digital Information

Semester 2, 2023 [Normal day] - Camperdown/Darlington, Sydney

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Additional information

Additional information

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect