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University of Exeter Business School

Law for FinTech

Module titleLaw for FinTech
Module codeBEEM159
Academic year2023/4
Module staff

Duncan Perry (Convenor)

Duration: Term123
Duration: Weeks


Number students taking module (anticipated)


Module description

This module provides the core legal, regulatory and governance concepts and applications for the MSc FinTech programme.

With direct input from industry practitioners, you will examine how the different legal and regulatory regimes around the world operate and interact with each other.

On completion of this module, you will be highly proficient at analysing which legal and regulatory regime would be most appropriate to work within when setting up different types of FinTech. In particular you will learn how to critically evaluate a start-up idea from a legal, regulatory and governance perspective.

You will become highly competent in the practical aspects of establishing a risk framework to address legal, regulatory and governance issues within a FinTech start-up. Real case studies will be examined, looking at success stories for Challenger Banks (eg Monzo, Revolute and Kroo) and Operational Risk FinTech and RegTech companies like Acin.

Module aims - intentions of the module

This module aims to provide a platform for analytical, technical and strategic understanding of the financial regulatory environment while technology is rapidly changing the landscape.

It aims to explain how different regulatory and legal regimes around the world are interconnected and how to position a FinTech organisation to take advantage of the inconsistences and gaps through a global view of the regulatory and legal landscape.

This module will provide a step-by-step guide (from Regulatory Business Plan to ICAP and ILAP) on how to seek regulatory approval for a challenger bank within the UK.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. examine approaches to how FinTech start-ups deal with regulatory requirements
  • 2. critically review and discuss a range of academic and non-academic papers reflecting on legal aspects of FinTech

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 3. analyse legal concepts within the Financial Services industry
  • 4. investigate ethical dimensions of how the rule of law is applied in FinTech, and finance more broadly

ILO: Personal and key skills

On successfully completing the module you will be able to...

  • 5. demonstrate analytical and critical thinking skills
  • 6. draft and present a professional report

Syllabus plan

  • Examination of the current global legal and regulatory landscape with analysis of the future direction of both.
  • Detailed analysis of the journey from Challenger Bank start-up to obtaining a banking licence in the UK.
  • Examination of both failures (Wirecard) and successes (Starling) and the factors that differentiate them from a governance perspective.
  • Examination of the importance of good governance and the role that slack governance played in the Global Financial Crisis.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours11 hours11 x 1 hour lectures
Contact hours5 hours5 x 1 hour tutorials
Guided Independent Study134 hoursPre and post session reading. Assignment preparation.

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Participation in group workSeminars and 20 minute report back1-6In class verbal feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Assignment802500 words1-6Written feedback
Mid Term Exam2050 minutes1-5Verbal feedback & indicative answers

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
AssignmentAssignment1-6Next re-assessment period
Mid-Term Exam Mid-Term Exam1-5Next re-assessment period

Indicative learning resources - Basic reading

Basic reading:

Loesch, S. (2018). A Guide to Financial Regulation for Fintech Entrepreneurs. Wiley


Key words search

Law, FinTech, RegTech

Credit value15
Module ECTS


Module pre-requisites

This module is only available for students enrolled on the MSc Fintech programme. 

Module co-requisites


NQF level (module)


Available as distance learning?


Origin date


Last revision date