Recent Question/Assignment

Lecturer’s Name: Narvadha Veeramootoo
Your assignment will be marked on a total of 30 marks.
Submission date: 11th April 2020.
Please note that any assignment submitted after the deadline, marks will be deducted as per assignment submission procedure document.
Word limit: 5000 Format:
• Please follow the guidelines in the document “Guide to writing assignments” available on Moodle.
• You are required to conform to Harvard referencing style.
• Plagiarism will be heavily penalised and may result to non-award of marks. Group work is not allowed.
• Please include chapter References’ at the end of your document.
Mode of submission:
Please submit:
1. MANDATORY : Submit a hard copy of your assignment.
2. One softcopy to your module tutor Dr. N. Veeramootoo on her email can also be done
3. Follow any other Open University policy regarding assignment submission
IMPORTANT NOTE: Additional research and further is reading is recommended for this 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.
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 24x7 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.
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 by or before due date. The electronic copy on is a back- up only and will not be marked.
All assignments submitted should include the new TRIPLICATE Form (available at OUCC/Reduit)
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.
In case the hard copy is received after the due date, marks will be deducted as per OU policy even if the soft copy has been sent on the due date. The soft copy is not considered a submission. The onus is on learner to ensure that the hard copy reaches before/on the due date. The current penalty is 2% per day (weekends and public holidays included) for any assignment received after the due date which the tutor will deduct from the final mark.
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.

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