NBS8632 : Financial Technology
- Offered for Year: 2024/25
- Module Leader(s): Dr Jose Liu
- Other Staff: Dr Nikolaos Papanikolaou
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Aims
This module explores how the global financial crisis of the late 2000s substantially transformed the financial sector, sparking a revolution of a new digital era, characterised by technologically-enabled innovations in the provision of financial services. In this context, the module focuses on the interaction between finance and technology, which has given birth to a new ecosystem known as ‘Fintech’. The module analyses the various Fintech activities, discusses how they emerged, how they are linked to the traditional banking services, and how they affect the supply of credit in the economy, the overall economic activity, the level of financial sustainability, and the conduct of monetary policy. Further, it analyses the impact of Fintech on financial stability, and examines the role of data protection and cyber security in the FinTech services industry along with the Regulatory Technology (Regtech) framework and applications.
Outline Of Syllabus
Indicative content:
•Recent technological trends in the financial services industry.
•FinTech transactions, money transfers and payments.
•Digital Finance and Alternative Finance models.
•Cryptocurrencies.
•Blockchain technology.
•Big data.
•FinTech Regulation and RegTech.
•FinTech and financial stability.
•FinTech lending and traditional bank lending.
•FinTech, credit supply, and monetary policy.
•The role of data protection and data security in modern finance.
•Business implications of technology for the financial services industry.
•The sustainability of the FinTech industry.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 31:00 | 31:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 7 | 2:00 | 14:00 | Present-in-Person Lectures |
| Guided Independent Study | Directed research and reading | 1 | 25:00 | 25:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | Present-in-Person seminars |
| Guided Independent Study | Independent study | 1 | 25:00 | 25:00 | N/A |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 2 | 1:00 | 2:00 | 2 hs of whole cohort on-line sessions:1h mid-term follow-up clinic;1h pre-assessment clinic |
| Total | 100:00 |
Teaching Rationale And Relationship
The learning environment consists of lectures and seminars, combined with in-class learning activities.
Lectures are based on formal notes that present, discuss, and analyse the key theories, concepts, tools, and techniques which lie behind the operation of the FinTech industry. Formal notes are supplemented by journal articles, policy and market-based reports.
Seminars illustrate the material covered in lectures and are mainly based on numerical exercises, real-life examples, and case studies to help students to acquire a more practical and day-to-day view of the material covered in lectures.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 90 | 1 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | N/A |
Assessment Rationale And Relationship
Students will have to take a closed-book written examination at the end of Semester 1. Examination will consist of numerical, practical, and theoretical/conceptual questions. All questions will be based on the material covered in lectures and seminars and also on any additional readings and in-class discussions.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8632's Timetable