Financial technology, also known as FinTech is an industry composed of companies that use new technology and innovation with available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services. The use of mobile apps is embedded

INDIVIDUAL ASSIGNMENT
FinTech in Mauritius (30 Marks)
Financial technology, also known as FinTech is an industry composed of companies that use new technology and innovation with available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services.
The use of mobile apps is embedded in the average Mauritian’s everyday life while the country already provides services such digital insurance, mobile banking amongst others.
Several enterprises, particularly those aiming towards Africa, are already using Mauritius as a viable Fintech platform. The stable business climate and well-established corporate governance culture in Mauritius, favorable time zone, excellent connectivity and highly-educated labour, mitigates the high-risk profile of certain African countries.
QUESTIONS
1. Considering the Mauritian context, list and explain the benefits of Fintech. (5 marks)
2. Considering the Mauritian context, justify what could be the possible drawbacks of FinTech. (5 marks)
3. Select a local company of your choice which provides FinTech services and:
Explain the services provided by the chosen company & justify why the provided services falls under the FinTech umbrella of technologies. (10 marks)
4. The Mauritius Central Automated Switch (MauCAS) is a novel state-of-the art digital hub fully owned and operated by the Bank of Mauritius for routing payments among operators on a 24×7 basis. Do you believe MauCAS will be a success or failure in Mauritius? Justify your answer. (5 marks)
Note: five (5) marks will be given for following proper assignment report format guidelines.
VERY IMPORTANT: YOU ARE EXPECTED TO WRITE IN YOUR OWN WORDS.
PLAGIARISM WILL BE SUBJECT TO ZERO MARKS
POINTS TO REMEMBER WHEN SUBMITTING YOUR ASSIGNMENT:
Mode of submission: Please submit a hard copy ONLY and include the name of the Lecturer, Programme Name & your respective Programme Manager on the envelope and copy the assignment to assign@open.ac.mu by or before due date. The electronic copy on assign@open.ac.mu is a back- up only and will not be marked.
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When you are submitting the hard copy, please submit to the respective tutor on the due date during the time of the session of that tutor. If you wish to submit before the deadline, submit to Learning Resource Centres {Reduit (weekdays open) before due date. Assignments received outside these hours and after the deadline are considered late submissions.
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The Open University of Mauritius will not hold itself responsible or liable for the non-award of marks if you fail to submit the assignment as per the required mode of submission.