FHEQ Level 5

Assessed summative assignment (ECA)

FinTech (5FIT)

For courses of study commencing February 2022

Deadline:     Midday 12 May 2022. Late submissions will be subject to a penalty and may not be marked.

Please Note: Your script will not be marked anonymously but will be subject to a process of internal moderation.

The London Institute of Banking & Finance, Higher Education

4-9 Burgate Lane




The London Institute of Banking & Finance is a registered charity, incorporated by Royal Charter.

Assessed summative assignment


a)  Pick a segment in the Financial Services sector (Retail Banking, Insurance, SME banking, Asset Management are some examples) and identify two incumbent companies and two fintech challengers in this segment. For each of the companies identified give an overview of the products and services that they offer.

(40 marks)

b)  Using a chosen strategic model critically analyse the segment that you have selected illustrating the challenges posed by the fintech challengers and the responses and potential responses of the incumbents.

(60 marks)

(Total – 100 marks)

Word count: Maximum 3,000 words including quotations and in-text citations.

Guidance materials

The following resources are available to assist you with your assignment preparation. They can all be found through your course website:

•    Guide to referencing – Note: It is important that you familiarise yourself with all elements of this guidance;

•   Module specification;

•   Student handbook;

•   Guidance for how to approach your assignment – in the study skills area;

•   Submission information; and

•   Understanding your similarity report.

The following reading section is provided as a pointer to students in starting their research,  which  should be  much  broader  than  the  guidance  articles  suggested. Although the examiners take every care in providing relevant articles and the links are checked before release of the assignment, we are not able to guarantee that a link will remain viable for the duration of the research phase of the assignment. The readings may be specific, for example, a journal article or a chapter of a book or more general, in terms of a whole book where you are required to determine key areas that link to your assignment and use this as a basis to broaden your own independent research.

Recommended reading

The following references can be accessed via KnowledgeBank:



If   you   need   any   help   accessing   any   of   these   references,   please   contact knowledgebank@libf.ac.uk

KnowledgeBankyour e-library, is a collection of resources available to students and is accessible through  https://my.libf.ac.uk

You should use this e-library to find additional books, journal articles and other information to support your studies. To begin your search:

•   log in to  https://kb.libf.ac.uk with your LIBF number and password;

•   select ‘Library Resources’ from the link on the home page.