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HU Credits:
2
Degree/Cycle:
2nd degree (Master)
Responsible Department:
Business Administration
Semester:
2nd Semester
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Dr Ira Sobel
Coordinator Office Hours:
Will be discussed with the students in the beggning of the Semester
Teaching Staff:
Dr. Ira Sobel
Course/Module description:
The intersection of technological changes
and societal processes is a very up-to-date
and diverse topic, combining the
development of technologies, economic
growth and social mobility. At the core of
this topic is the term “Financial Inclusion”.
Financial Inclusion deals with social and
economic mobility among groups with
limited accessibility to the traditional
banking. At the same time, Financial
Inclusion through technology, deals with
the role of technology and digital solutions
in poverty alleviation, healthcare promotion
and the mitigation of economic inequality.
The majority of the topics of the course will
deal with theories and practices that
combine financial innovation and financial
inclusion, unlike most parallel courses in
Business Administration, Finance and
Fintech that focus mainly on financial
innovation with only limited attention their
role in addressing social challenges. Among
other things, the course will include a
background and theoretical aspects of
Financial Inclusion through technology in
developing and developed countries, as part
of economic development, as well as the
way in which Fintech and blockchain are
used to remove barriers to accessibility and
deepening of financial services among
different racial, gender, age and religious
groups.
The course will cover theoretical and
practical aspects of the field, including
providing many examples for Financial
Inclusion through technology among
Unbanked and Underserved communities.
In the last part of the course, we will
discuss the role of Fintech, Big Data and AI
in serving Agenda of Environment and
Sustainable development, given the demand
from corporates to combine ESG
(Environment, Social and Governance)
elements in their business models.
Course/Module aims:
The purpose of the course is to present to
the students the social role of financial
innovation so that they can get to know the
field, think creatively and critically about
the power of the digital transformation, and
integrate these social issues into any of their
employment trajectories in the future.
Learning outcomes - On successful completion of this module, students should be able to:
--Reminder on the foundations of Fintech
and blockchain
--To understand the variance in the
economic activities of different populations
around the world
--Be familiar with innovative
solutions as digital identity, electronic
wallets, and blockchain
--Understand the role of regulation in
advancing financial inclusion
--Be familiar with Global Agenda and how they are related to financial inclusion.
- Be familiar with many examples of digital and technological solutions in emerging markets.
Attendance requirements(%):
80%
Teaching arrangement and method of instruction:
Lectures
Case studies
Discussions
Home exercises
Guest lectures in “Digital accessibility for
older adults”
A tour in the Central Station to study how
foreign workers transfer funds to their
countries of origin with a Fintech company.
Course/Module Content:
--What is the difference between economic
growth and financial inclusion.
--Theories of Financial Inclusion and
Financial Exclusion before and after the
digital age
-- Digital identity, Mobile Money, Peer-toPeer Landing and Crowdfunding in
Emerging Markets
-- Financial Inclusion strategies for poverty
alleviation and promoting gender and
economic equality
--The Digital Gap in the New Banking Age:
Fintech Solutions for Religion, Gender, Race
and Age
-- Retirement and end-of-life planning –
Financial innovation in the contexts of aging
and longevity
-- Open Banking and financial inclusionThe role of the Regulation in Financial
Inclusion
--The role of Fintech in the ESG
(Environmental, Social and Governance) age
-- Future trends (as CBDC) and their
expected effect of financial inclusion
Required Reading:
1--Demetriades, P. O., Rousseau, P. L. (2016) “The changing face of financial development”. Economics Letters, 141, 87-90.
2-- Ozili, Peterson K. (2020). Theories of
Financial Inclusion. Available at
SSRN: https://ssrn.com/abstract&eq;3526548
3--Douglas et al., (2020). Sustainability,
FinTech and Financial Inclusion. European
Business Organization Law Review, 21:7–35
4--Demirgüç-Kunt, A, L. Klapper, D. Singer, S.
Ansar, J. Hess. (2018). The global findex
database 2017: Measuring financial inclusion
and the fintech revolution World Bank,
Washington, DC.
5--Ahmad, A.H., Green, C. and Jiang, F.(2020). Mobile money, financial inclusion and
development: A review with reference to
African experience. Journal of Economic
Surveys, 34: 753-792.
6--Appiah-Otoo, Isaac; Song, Na. (2021). "The
Impact of Fintech on Poverty Reduction:
Evidence from China". Sustainability 13, no. 9:
5225.
7--Irfan, H., & Ahmed, D. (2019). Fintech: The
opportunity for Islamic finance. In Fintech in
Islamic Finance. Theory and Practice (pp. 19–
30). Routledge.
8 --פרנקל, ש. ) 1967 .)רבית והיתר עסקא )ההלכה והנוהג
מימי קדם ועד ימינו( , רבעון לבנקאות, ז, 27- ,68
http://www.jstor.org/stable/2402341473
9--Rocio Sanchez-Moyano & Bina Shrimali,
(2021). "Fintech, Racial Equity, and an
Inclusive Financial System," Community
Development Innovation Review, Federal
Reserve Bank of San Francisco, 15(2), pages
132-132.
10 .המדריך להגברת השימוש של מבוגרים בכלים
דיגיטליים. אשל ג'וינט. 2021
11--Shankar, S., & Asher, M. G. (2011). Micro‐
pensions in India: Issues and
challenges. International Social Security
Review, 64(2), 1-21.
12--Jenik, I., and K. Lauer. (2017). “Regulatory
Sandboxes and Financial Inclusion.” Working
Paper. Washington, D.C.: CGAP.
13-- D. W., Buckley, R. P., Zetzsche, D. A., &
Veidt, R. (2020). Sustainability, FinTech and
Financial Inclusion investment. Electronic
payment infrastructure. 21, 7–35.
Additional Reading Material:
Grading Scheme :
Written / Oral / Practical Exam / Home Exam 30 %
Active Participation / Team Assignment 10 %
Submission assignments during the semester: Exercises / Essays / Audits / Reports / Forum / Simulation / others 60 %
Additional information:
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