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Unit information: Financial Technology in 2020/21

Unit name Financial Technology
Unit code EFIMM0128
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Danisewicz
Open unit status Not open
Pre-requisites

None

Co-requisites

None

School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law

Description

This module starts with an introduction to a wide range of services provided by financial technology firms. Subsequently, the module focuses on introducing and evaluating the benefits and potential risks involved with:

  • Digital payments, escrow accounts, and related services
  • Crowdfunding, peer-to-peer and marketplace lending
  • Distributed ledger technology
  • Cryptocurrencies
  • Initial Coin Offerings
  • Issues related to financial technology regulation
  • Whether FinTech companies can complement or substitute traditional banks

Students of this unit will obtain a comprehensive overview of the fintech industry. They will be able to identify differences between services provided by traditional financial companies and fintech companies.

Intended learning outcomes

On completion of this unit students should be able to:

1. Demonstrate an understanding of key topics related to technological advancements for the provision of financial services.
2. Demonstrate knowledge of various services provided by fintech companies.
3. Develop and demonstrate an understanding of how technology can improve efficiency of traditional financial services.
4. Comprehend and analyse sources of potential risks and instabilities involved with introducing technological advancements in the financial services industry.
5. Gauge the extent to which new technology can provide services complementary to those provided by commercial banks and financial markets.
6. Identify policy implications arising from rapidly growing fintech industry.

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities

Assessment Details

This unit will be assessed by coursework 40% and exam 60%

Reading and References

There is no core textbook available. This module relies on research papers and reports issued by academics, central banks and international organisations. The papers in the journals from the reading list are essential reading material.

The academic literature will be drawn from inter alia the following journals: Journal of Finance; Journal of Financial Economics; Review of Financial Studies; Management Science.

Students are expected to have obtained and read a copy of each paper in the essential reading list prior to each lecture or workshop.

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