The course aims to give an in-depth overview of FinTech and Blockchain Finance, a new part of the financial sector that is radically innovating the way financial services are traditionally built and offered. Students will gain an understanding of the key technologies, participants, regulation, and the dynamics of change being brought by FinTech in corporate finance.
The main objectives of the course are to provide students with: (1) the command of corporate finance, including capital structure theories, venture capital financing, business angels, and initial public offerings; (2) the understanding of financial applications of digital technology such as crowdfunding and coin offerings; (3) the capacity to understand how digitalization alters firms financing by providing disintermediated access to external finance (equity- and debt-based crowdfunding, peer-to-peer lending, invoice trading, utility and security coin offerings).
The main topics of the course are the following:
• Capital structure theories, Venture Capital, Business Angels, Initial Public Offerings;
• Digital finance: equity- and debt-based crowdfunding, peer-to-peer lending, invoice trading, utility and security coin offerings;
• Initial Coin Offerings and Blockchain-based financing mechanisms.
The course combines traditional lectures with practical sessions during which the students will have the possibility to familiarize themselves with the techniques presented in the lectures. Furthermore, workshops and case studies allow participants to apply the techniques introduced and test their understanding of blockchain and fintech.
The final assessment will be composed of: (i) 50% written test (ii) 50% applied group assignments on predefined issues in digital and blockchain finance.
The exam rules are the same for both attending students and non-attending students. Therefore, non-attending students can also access group work, as long as they are able to share the activity with the students attending.
In the event of provisions by the authorities concerning the containment and the management of the epidemiological emergency, lessons could be affected by some changes in compliance to what is declared in the program to make the course and exams in line with what is provided.