EBA 3600 Financial Technology
EBA 3600 Financial Technology
Financial technology (Fintech) refers to the digitalization and technological innovations in the financial industry, which has transformed and continues to disrupt financial markets, institutions and services, as well as offers alternative payment systems using digital currencies. The aim of this course is threefold: (i) to cover the origins and the current trends of Fintech in all aspects of the financial industry, (ii) to envision the potentials of technology in improving financial services and the efficiency of financial markets, and (iii) to understand the potential threats and risks posed by digitalization. Several new financial technology companies aim to decentralize current financial systems and markets, while others pose threats to the traditional financial institutions whose services rely more on the human factors and less on the information technology. Facing these threats, the incumbent financial institutions respond by modernizing their services through embracing Fintech and digitalizing their services.
The student will
- Understand the history, current state and trends of Fintech
- Be able to map the Fintech ecosystem
- Understand the role of banks and Fintech companies
- Understand the regulatory challenges posed by Fintech
The student will be able to
- Evaluate the impact of Fintech on the strategies and performance of both banks and Fintech companies
- Analyze Fintech companies and ideas
- Implement Fintech ideas
The students should learn Fintech industry in Norway and other countries. The students should be able to analyze and criticize how banks embrace the emergence of Fintech companies.
The course will cover the following topics and more:
- Digitalization and the Financial System
- Fintech and how banks embrace it
- Payment: how it used to work, how it works in Fintech domain, key players in Fintech domain, regulations such as psd2, financial inclusion, cashless society
- Financing: how it used to work, how it works in Fintech domain, p2p lending, crowdfunding, key players in Fintech domain, related regulations, trading
- Blockchain: how it works, digital currency
There will be a series of lectures (possibly some guest lectures), interactive class activities and case discussions, for which active class participation is essential.
The exam in this course will change from autumn 2023 till:
100 % semester assignments.
There will be arranged re-sit examinations in EBA 36001 (30 %) and EBA 36002 (70 %) in autumn 2023 and spring 2024.
Higher Education Entrance Qualification
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
EBA 3530 Causality, Machine learning and Forecasting; EBA 3400 Programming, data extraction and visualisation or equivalent courses; EBA 3420 Databases; EBA 2904 Statistics, EBA 1180 Mathematics for Data Science.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 30 Grouping: Group/Individual (1 - 5) Duration: 1 Semester(s) Comment: All exams must be passed to obtain a final grade in the course. Exam code: EBA 36001 Grading scale: ECTS Resit: Examination every semester |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 70 Grouping: Individual Support materials:
Duration: 2 Hour(s) Comment: All exams must be passed to obtain a final grade in the course. Exam code: EBA 36002 Grading scale: ECTS Resit: Examination every semester |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 42 Hour(s) | |
Student's own work with learning resources | 48 Hour(s) | |
Prepare for teaching | 110 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.