Background of Financial Technology (FinTech)
If there’s one thing that most of us can use in our lives, it’s help with finances. We may complain and lament over the lack of education and financial literacy in our public education system but complaining rarely leads to solutions. When we lack the knowledge required to create a budget, balance a checkbook or file taxes – and want to do something about it – we look for help.
Many turn to Google, knowledgeable peers or financial advisors with their questions. Now, individuals and businesses are looking to financial technology to provide essential financial services and transform the way we approach money management.
What is FinTech
Financial Technology, or FinTech for short, is the digitization of financial services normally provided by banks, credit card companies, credit unions, investment banking and other businesses within the finance industry.
On the surface, this may look like the difference between logging into your bank account to see your monthly statement and using a third-party application, like Mint or YNAB. These financial applications help you manage all your bills, transactions, credit card balances, paychecks, and bank accounts in one place.
But if we look deeper, there are more financial technologies providing alternatives to traditional financial methods and financial services, further democratizing and segmenting the financial sector.
For Whom
This course is targeted at fintech professionals, including but not limited to:
Finance managers
Bank staff
Accountants
Business managers
IT professionals with experience in finance
Business/economics and financial journalist
Government reglulators
Those interested to pursue are career in FinTech
Professionals to enhance their CV with additional qualifications.
Mode of Study
100% Online (Live classes) via Zoom and Microsoft Team
Medium of Instruction
English
Assessments
Assignments are given by the instructors at the end of each module
Duration
2-3 Months (20 classroom learning + 10 hours of experimental learning)
Prerequisites
– Basic knowledge of English and diploma level 3 in business or 3 years working experience in banking, finance or IT.
Course Fee : Online £ 550, residential £ 750
Course Overview
This is an innovative programme with an integrated delivery from end‐to‐end covering a wide range of financial technology topics, whilst providing a focus on application and the regulation required in this area. The programme focuses on practical skills in core areas such as data & financial analytics, e-Finance, financial services and cybersecurity while also offering applied skills in contemporary topics such as artificial intelligence, data analytics, and financial applications. Its aim is to create a mastery of core financial technologies and financial systems while also enhancing the practical technical skills of the learners.
Financial Technology can incorporate many different areas and is an evolving area. Through the work of the Programme Team and in conjunction with the industry experts, Financial Technology has been defined as a combination of financial systems, data management and technology including areas such as Project Management Risk Management, Cyber Security, Law & Regulation, Information Technology, Data Analytics and Financial Services.
The programme aims and learning outcomes have been designed to reflect these specific areas. The programme incorporates Personal & Professional Development (PPD) within modules to enhance learners’ employability and to equip them to integrate seamlessly into an organisation by developing skills such as leadership, self‐management and teamwork that are essential in the Financial Technology sector, which is a rapidly changing industry which requires motivated and flexible employees.
The Applied Project module requires students to identify a problem or issue in the Financial Technology domain and apply problem-solving skills to research and analyse the issue and develop real-world solutions, and critically reflect on this research process.
Programme Aims and Objectives
- Develop learner’s criticality in order to analyse industry trends in Fintech
- Provide learners with a platform to develop the requisite knowledge and technical skills in current and developing financial technologies
- Prepare learners to work effectively and collaboratively in the execution of common goals
- Provide learners with systematic knowledge of the management of Financial Technology in organisational and regulatory contexts
- Facilitate the development by the learner of applied skills that are directly complementary and relevant to the workplace
- Identify and develop autonomous learning skills for the learner
- Enable the learner to identify, develop and apply analytical, creative, problem solving and research skills
- Provide the learner with a comprehensive platform for career development, innovation and further study.
Career Path
This new program will enable students to gain an understanding of the emerging technologies and applications that are redefining traditional financial markets. Developments in this field have a profound impact on almost all areas of commerce, financial management and economic and monetary policies.
Graduates may find positions in a variety of careers such as:
- Banking and lending
- Wealth management advising
- Mutual funds
- Insurance
- Financial analysis
- Technology
- Data analysis and management
- Accounting
Intake
Jan/March/June/Aug/Nov
Subject areas to be covered in the syllabus
Students will complete the following major chapters
1.The Future of AI in finance
2.What Is AI and Its uses
3.Blockchain Technology Overview
4.Blockchain Technology Pros and Cons
5.Blockchain Types and Classifications
6.Ethics and Bias of Artificial Intelligence
7.Artificial Intelligence Opportunities and Challenges
8.Artificial Intelligence and the Payments Revolution
9.Artificial Intelligence in Lending
10.Frictionless Payments
11.The Tech Underpinning FinTech
12.Developing an API strategy
13.Banks and the Digital Transformation
14.Banks and FinTech Impact
15.The Concept of Open Source
16.The Pros of Open Source
17.The Cons of Open Source
18.Importance of Regulation
19.Role of Digital Currencies in Financial Systems
20.Security and Fraud Prevention