Category: economics

Evaluate the impact Fintech and data analytics will have on how banks in Australia will operate over the next 5 years.

You are an analytics consultant who has been asked to develop a report to the board of directors of Commonwealth Bank of Australia. The report needs to:
A) Describe the applications of Fintech and data analytics to the banking sector
B) Evaluate the impact Fintech and data analytics will have on how banks in Australia will
operate over the next 5 years
C) Recommend three specific actions Commonwealth Bank can take over the next 12 months
to ensure they remain competitive
Students must reference the core reading, two suggested readings and three of their own sources in their report.
Suggested Structure:
Executive Summary
Students need to outline the issues covered in the report and summarise the recommendations. Someone reading this summary should have a general idea of what the report will address.
Introduction
• Describe what Fintech is
• Describe the applications of Fintech in the banking sector with reference to contemporary
sources
Discussion
• Summarise the main conclusions from the introduction and speculate how banking will change over the next five years as a result.
• Justify your evaluation with reference to contemporary sources and use relevant headings to highlight the main effects
Conclusion
• Drawing on the introduction and discussion recommend three specific actions for the CBA over the next year to ensure they remain competitive
• Justify your recommendations with evidence and refer to current sources Summary of main discussion points.
• Summarise all sections of the report.
References & Appendices
Reference appropriately in text and in the appendix (See

A) Research and Description of Current Trends
Demonstrate an ability to describe, evaluate and conduct research on current trends in big data and analytics as they relate to banking.
Integrate an understanding of analytics techniques, governance and economic and financial theory policy to address the application of big data and analytics to banks