GRA 6559 Fintech

GRA 6559 Fintech

Course code: 
GRA 6559
Department: 
Finance
Credits: 
6
Program of study: 
Master of Science in Finance
Course coordinator: 
Costas Xiouros
Product category: 
Master
Portfolio: 
MSc in Finance
Semester: 
2019 Autumn
Active status: 
Active
Teaching language: 
English
Course type: 
One semester
Introduction

Financial technology (Fintech) refers to the digitalization and technological innovations in the financial industry, which has transformed and continues to disrupt and transform financial markets, institutions and services, as well as offer alternative payment systems with digital currencies. The aim of this course is three-fold: (i) to cover the origins and current state and trends of Fintech in all aspects of the financial industry, (i) envision the potentials of technology in improving financial services and the efficiency of financial markets, and (iii) 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 factor 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 course will give students the necessary insight into the Fintech revolution, opportunities and threats and prepare them for

  • Developing their own Fintech ideas
  • Work for Fintech companies aimed to offer new financial services
  • Working for traditional financial institutions that aim to embrace digitalization
  • Working with regulators that aim to design rules that minimize the potential threats of decentralization without hindering the benefits of digitalization
Learning outcomes - Knowledge

The student will

  • Know 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.
Learning outcomes - Skills

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.
General Competence

The students will be able to

  • Identify opportunities and develop their own Fintech ideas
Course content

The course will cover the following topics:

  • The Fintech ecosystem
  • Digital currency, blockchains, and distributed ledgers
  • Fintech and the retail banking sector
  • Digitalization of trading
  • Asset management and robo-advisors
  • P2P financial markets
  • Smart contracts
  • Big data and predictive analytics
  • The future of financial technology
  • The regulatory challenges of Fintech
Teaching and learning activities

There will be a series of lectures, seminars, guest speakers, interactive class activities and case discussions, for which active class participation is essential.

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or text book.

This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course start.

At resit, all exam components must, as a main rule, be retaken during next scheduled course.

Software tools
No specified computer-based tools are required.
Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA65591
Grading scale:
Point scale
Grading rules:
Internal and external examiner
Resit:
All components must, as a main rule, be retaken during next scheduled course
20No 1 Semester(s)Group ( 3 - 5)Write-up of a case analyzing an existing Fintech company and its idea.
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA65591
Grading scale:
Point scale
Grading rules:
Internal examiner
Resit:
All components must, as a main rule, be retaken during next scheduled course
40No 1 Semester(s)Group ( 3 - 5) Develop a new Fintech idea
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA65591
Grading scale:
Point scale
Grading rules:
Internal and external examiner
Resit:
All components must, as a main rule, be retaken during next scheduled course
40Yes2 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual Final written exam under supervision
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight: 20
Invigilation:No
Grouping (size):Group (3-5)
Support materials:
Duration: 1 Semester(s)
Comment:Write-up of a case analyzing an existing Fintech company and its idea.
Exam code: GRA65591
Grading scale:Point scale
Resit:All components must, as a main rule, be retaken during next scheduled course
Exam category:Submission
Form of assessment:Written submission
Weight: 40
Invigilation:No
Grouping (size):Group (3-5)
Support materials:
Duration: 1 Semester(s)
Comment: Develop a new Fintech idea
Exam code:GRA65591
Grading scale:Point scale
Resit:All components must, as a main rule, be retaken during next scheduled course
Exam category:Submission
Form of assessment:Written submission
Weight:40
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:2 Hour(s)
Comment:Final written exam under supervision
Exam code:GRA65591
Grading scale:Point scale
Resit:All components must, as a main rule, be retaken during next scheduled course
Type of Assessment: 
Continuous assessment
Grading scale: 
ECTS
Total weight: 
100