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EBA 3600 Financial technology

EBA 3600 Financial technology

Course code: 
EBA 3600
Department: 
Finance
Credits: 
7.5
Course coordinator: 
Alessandro Graniero
Course name in Norwegian: 
Financial technology
Product category: 
Bachelor
Portfolio: 
Bachelor of Business Analytics - Programme Courses
Semester: 
2021 Autumn
Active status: 
Active
Level of study: 
Bachelor
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 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.

Learning outcomes - Knowledge

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
Learning outcomes - Skills

The student will be able to

  • Qualitatively/quantitatively evaluate the impact of Fintech on the strategies and performance of both banks and Fintech companies
  • Qualitatively/quantitatively analyze Fintech companies and ideas
  • Qualitatively/quantitatively implement Fintech ideas
General Competence

The students should learn Fintech industry in Norway and other countries. The students should be able to apply quantitative techniques, acquired in other courses, to critically analyze Fintech companies. Moreover, the students should be able to analyze, qualitatively and quantitatively, how banks embrace the emergence of Fintech companies.

Course content

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, Libra, initial coin offering, smart contracts
  • Everything else: digital banking, wealth management, insurtech, regtech
  • Possibly, build a Fintech application. This exercise requires prior knowledge in programming and statistical tools. 
Teaching and learning activities

There will be a series of lectures (possibly some guest lectures), interactive class activities and case discussions, for which active class participation is essential.

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

Higher Education Entrance Qualification

Covid-19

Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.

Teaching

Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.

Required prerequisite knowledge

EBA 3530 Causality, Machine learning and Forecasting; EBA 3400 Programming, data extraction and visualisation or equivalent courses; EBA 3420 Databases; EBA 2904 Statistics, EBA 2910 Mathematics for Business Analytics.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
EBA 36001
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
30No 1 Semester(s)Group/Individual (1 - 5)Quantitative exercise such as credit analysis
Exam category:
Submission
Form of assessment:
Structured test
Exam code:
EBA 36002
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
70Yes3 Hour(s)
  • No support materials
Individual Quantitative exercise such as credit analysis
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:30
Invigilation:No
Grouping (size):Group/Individual (1-5)
Support materials:
Duration: 1 Semester(s)
Comment:Quantitative exercise such as credit analysis
Exam code:EBA 36001
Grading scale:ECTS
Resit:Examination every semester
Exam category:Submission
Form of assessment:Structured test
Weight:70
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • No support materials
Duration:3 Hour(s)
Comment:Quantitative exercise such as credit analysis
Exam code:EBA 36002
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
36 Hour(s)
Seminar groups
12 Hour(s)
Teaching sessions by TA
Student's own work with learning resources
94 Hour(s)
Group work / Assignments
25 Hour(s)
Examination
33 Hour(s)
Group assignment and final exam.
Sum workload: 
200

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.