Module

FinTech in Investment Management

Module description

This module is intended for Financial Services Professional Degree Apprenticeship students who are looking to develop a sound understanding in the concept of and areas of 'finance and technology, commonly known as ‘FinTech’.  FinTech refers to the technological innovation in the design and delivery of financial services and products. The module defines FinTech and outlines some of its key areas of impact in the field of investment management. Advancements include the use of Big Data, artificial intelligence, and machine learning are discussed to evaluate investment opportunities, optimise portfolios and mitigate risks. These developments affect not only quantitative asset managers but also fundamental asset managers who make use of these tools and technologies to engage in hybrid forms of investment decision making.

Full module specification

Module title:FinTech in Investment Management
Module code:BEF2003DA
Module level:2
Academic year:2019/0
Module lecturers:
Module credit:15
ECTS value:

7.5

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims

This module is designed to provide a general overview on the concept of and areas of FinTech and outline some of its key areas of impact in the field of investment management. Regulatory and technological developments are changing the nature of financial markets, services and institutions in ways completely unexpected before the 2008 global financial crisis. The module focuses on topics such as Big Data, cryptocurrencies and artificial intelligence that will provide an insight regarding the new ways in which technology has impacted the role of a financial analyst.

The areas of FinTech development that are more directly relevant to the investment industry include the following:

  • Analysis of large datasets
  • Analytical tools involving artificial intelligence
  • Automated trading
  • Automated advice such as Robo-advisers
  • Financial record keeping, such as Distributed Ledger Technology (DLT)

The development of ‘RegTech’ is also introduced in this module, as financial market participants and regulators use technology to enhance regulatory compliance and streamline its component processes.

ILO: Module-specific skills

  • 1. Define “FinTech” and identify their advantages and challenges
  • 2. Describe Big Data, artificial intelligence, and machine learning
  • 3. Apply FinTech applications to investment management
  • 4. Describe financial applications of Distributed Ledger Technology
  • 5. Evaluate security challenges in the evolving Fintech landscape
  • 6. Explain how the programming code and economic incentive structures make cryptocurrencies work
  • 7. Discuss the development of RegTech

ILO: Discipline-specific skills

  • 8. Evaluate the implications of FinTech in delivering financial solutions
  • 9. Apply FinTech to the control to costs and risks effectively

ILO: Personal and key skills

  • 10. Identify new opportunities and development in organisations
  • 11. Keep up to date with sector relevant legal/regulatory changes
  • 12. Identify the likely consequences of proposed reforms and new approaches

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
321180

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning & Teaching Activities14 hours (2 days)Masterclass/workshops
Scheduled Learning & Teaching activities14 hoursOnline lectures and webinars
Scheduled Learning & Teaching activities4 hoursRevision
Guided independent study118 hoursReading and research, web-based activities

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Mock Exam1 hour 15 minutes exam1-7Marks and feedback
Online DiscussionOnline discussion contributions1-13Online discussion feedback from peers and lecturer
Weekly online quizzesFive quizzes, each taking about 20 minutes1-13Correct answers on ELE

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
50500

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Exam501 hour 15 minutes written exam1-7
Applied exercise Assignment502,000 words1-13
0
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Exam1 hour 15 minutes written exam1-7Next available opportunity
Applied exercise Assignment50% 2,000 words1-15

Re-assessment notes

Defer – as first time

Refer – capped at 40%

Syllabus plan

  • FinTech: An Introduction
  • The Evolution of Fintech
  • FinTech in Developed and Developing Economics
  • Big Data, Artificial Intelligence, and Machine Learning
  • FinTech applications to investment management
  • FinTech applications to portfolio administration
  • Cryptocurrencies and blockchain technology
  • What’s next for RegTech

Indicative learning resources - Basic reading

Basic reading:

  • Chishti, Susanne and Janos Barberis (2016), The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries, Wiley. 
  • Forum, World Economic (2015), The Future of FinTech A Paradigm Shift in Small Business Finance
  • Ernst and Young (2014), Landscaping UK Fintech Commissioned by UK Trade & Investment

Module has an active ELE page?

Yes

Origin date

28/02/2019

Last revision date

15/03/2019