monash bfc5130 case studies in banking and finance fintech innovations

Task:
Learning Objectives

1. Investigate some Fintech innovations in China
2. Understand why Fintech firms may be able to find a place within the Chinese financial system.
3. To consider digital payments and digital forms of money that have/are developing with Fintech.
4. To consider an overview of the benefits of Fintech within a developing country
Questions to be addressed in report submission
1. In your own opinion please explain what you believe to be the major innovations by Ant Financial and Tencent in regards to finance.
2. In your own words, what background has allowed the innovation of Fintech firms in China i.e. what led to their ability to develop in the manner they have.Perhaps contrast this to a Western Fintech firm such as Facebook.
3. Please list 5 finance companies that the Chinese government has recently (last 18 months) been clamping down on. A simple list numbered 1-5 is fine. Then in your own words please explain why the government may have focused on these firms (either specifically and/or generally).
4. What do you think the future prospects of Ant Financial and Tencent are?
5. Are there any issues with BigTech platforms collecting information for all of their digital apps to assess the credit risk of individuals or small enterprises? Please explain

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