Financial Technology

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MODULE CODE

AC2013

CREDIT VALUE

10 ECTS (20 UK CREDITS)

DELIVERY

Semesters 1&2
Financial Technology

Module Aims

Aim 1


To offer students a practical and theoretical knowledge of the way financial services industries are evolving through the implementation and use of digital innovation and information technologies.

Financial Technology

Module Content

The module looks at both: the external aspects of technological and market advancements, as well as the internal aspects of corporate transformation. Both external and internal aspects are examined in conjunction with new and agile ways of working.  

Particularly, the module looks at the recent developments of FinTech innovation for accounts and payments, digital transformation in banking, new ways of value exchange based on digital tokens (e.g. cryptocurrencies) and shared-leger (e.g. blockchain) technologies. Financial regulations and their impact on the sector will also be examined.  

Additionally, the module looks at how banks and other financial institutions develop their internal structures and processes to create the culture and advance the capabilities to support unremitting innovation and strategic agility in cases of technological disruption.  

PROGRAMME SPECIFICATIONS

Learning Outcomes

On successful completion of this module, a student will be able to:

 


Comprehend the notions of money, money supply, and look at the way today’s globalised financial markets and money transfer systems are affected by the development of digital currencies.


Examine the characteristics of digital innovation and information technology along with disruptive possibilities for the numerous industries in the financial services sector.


xplain the different financial innovations, in particular EU and UK, and look at their relation to data and information technology.


Assess the evolving business models that can be implemented by financial institutions while they digitize their processes.


Evaluate the latest technological developments in finance and critically look at the influence of technology, ethics and big data on business models and processes.

Financial Technology

Teaching Methods

Students will be introduced to the basics of design thinking and will learn how to perform story mapping techniques. Further, they will be introduced and they will practice the techniques of agile team work in product development. 

Students will be exposed to the ways Fintech innovations are evolving and  practically applied by a number of visits to innovation centres in large financial institutions. 

The main participation of students is centred on independent learning and preparation of material for group sessions. All of the group sessions provide the opportunity for, and encourage, student input. Theory and practice are examined in relation to problem scenarios discussed at group sessions. The module is structured to facilitate student-centred learning.   

Students will be assessed on their performance in the course module using a selection of simulation exercises, software trainings, case studies, written or computational assessment, or seminar presentation, during the semester which will inform the written assignment, and by an end of year examination of 3 hours duration.  Where used, seminar presentations may be on a group or individual basis and are designed to improve powers of analysis, synthesis and evaluation.   

ing.

Financial Technology

Assessment Methods

This module is assessed through one Coursework/Written Assignment (30%) and one Examination (70%).

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