FINS5548 Financial Technology - 2023
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FINS5548 Financial Technology - 2023
Course Code : FINS5548
Year : 2023
Term : Term 3
Teaching Period : T3
Delivery Mode : Multimodal
Delivery Format : Standard
Delivery Location : Kensington
General Course Information
Course Code : FINS5548
Year : 2023
Term : Term 3
Teaching Period : T3
Is a multi-term course? : No
Faculty : UNSW Business School
Academic Unit : School of Banking and Finance
Delivery Mode : Multimodal
Delivery Format : Standard
Delivery Location : Kensington
Campus : Sydney
Study Level : Postgraduate
Units of Credit : 6
Useful Links
Course Details & Outcomes
Course Description
This course deals with the implications of technological advances on current and future state of the fnancial industry. The intention is to trigger a disruptive and innovative thinking process and to enforce the notion that recent structural changes across the fnancial industry provide a
spectrum of valuable internal and external opportunities. It introduces computational fnance
and banking technology applications using the open-source programming language in the
context offnance theory and applications. Case studies to be explored include lending, regtech, crypto, capital markets, wealth management and real-estate.
Course Aims
Technology is a disruptive factor that is transforming the banking and fnance industry, it is
important that fnance graduates are informed of this development and have a basic
understanding of the underlying technology so they could contemplate, adapt, innovate and
shape an increasingly technology-driven world. This course builds on basic fnance theory and capital market courses and complements other fnance courses with a unique technology and innovation perspective.
Relationship to Other Courses
Technology is a disruptive factor that is transforming the banking and fnance industry, It is
important that fnance graduates are informed of these development and have a basic
understanding of the underlying technology so they could contemplate, adapt, innovate and shape an increasingly technology driven world. This course builds on basic fnance theory and capital market courses and complement other fnance courses with a unique technology and innovation perspective.
Course Learning Outcomes
Course Learning Outcomes |
Program learning outcomes |
CLO1 : Understand global FinTech landscape and describe the role of banks and fnancial service providers in shaping and responding to innovation and disruption. |
PLO1 : Business Knowledge |
CLO2 : Describe banking and fnance ecosystem and the role of consumers in shaping up current environment. Link behavioral fnance theories to technological advances in banking. |
PLO1 : Business Knowledge |
CLO3 : Think holistically and generate FinTech ideas. Understand the forces behind technological changes in the industry and apply disruption methodologies to practical case studies. Disruption is opportunity not a threat. |
PLO1 : Business Knowledge PLO2 : Problem Solving PLO3 : Business Communication PLO4 : Teamwork |
CLO4 : Evaluate FinTech proposals. Recognise what type of innovation and disruption is value added with a potential to reshape legacy environment. Appreciate various challenges and complexities in the process of FinTech innovation. |
PLO3 : Business Communication PLO4 : Teamwork PLO5 : Responsible Business Practice |
CLO5 : Pitch FinTech proposal. Gain practical exposure to FinTech style of presentation to open audience. Possess the ability to critically discuss and present realistic proposal from idea generation |
PLO3 : Business Communication PLO4 : Teamwork |
to implementation. |
PLO7 : Leadership Development |
CLO6 : Gain introductory programming skills in the context of fnance theory and application using Python platform. Appreciate the possibilities and boundaries of technology. |
PLO1 : Business Knowledge PLO2 : Problem Solving |
Course Learning Outcomes |
Assessment Item |
CLO1 : Understand global FinTech landscape and describe the role of banks and fnancial service providers in shaping and responding to innovation and disruption. |
Quizzes |
CLO2 : Describe banking and fnance ecosystem and the role of consumers in shaping up current environment. Link behavioral fnance theories to technological advances in banking. |
Quizzes |
CLO3 : Think holistically and generate FinTech ideas. Understand the forces behind technological changes in the industry and apply disruption methodologies to practical case studies. Disruption is opportunity not a threat. |
Two Individual Assignments Group Project |
CLO4 : Evaluate FinTech proposals. Recognise what type of innovation and disruption is value added with a potential to reshape legacy environment. Appreciate various challenges and complexities in the process of FinTech innovation. |
Group Project |
CLO5 : Pitch FinTech proposal. Gain practical exposure to FinTech style of presentation to open audience. Possess the ability to critically discuss and present realistic proposal from idea generation to implementation. |
Group Project |
CLO6 : Gain introductory programming skills in the context offnance theory and application using Python platform. Appreciate the possibilities and boundaries of technology. |
Two Individual Assignments Quizzes |
Learning and Teaching Technologies
Moodle - Learning Management System | Blackboard Collaborate | EdStem
Learning and Teaching in this course
This is a practical and hands on course. Teamwork is essential. Students undertake a group presentation simulating pitch proposal to open audience. The project requires all stages and steps of the proposal to be fully contemplated, from idea generation to implementation. Each student is expected to take on a role in the team and deliver as a team as well as an individual. The course will draw on concepts, problems and practical implications from textbooks,
academic papers, fnancial press articles as well as relevant fnancial regulators and government agencies.
The aims of this course are:
Develop disruptive and innovative thinking process to enforce the notion that technological advances across the industry create spectrum of valuable opportunities
Develop skills in collaboration and teamwork to be able to adapt and innovate in an increasingly technology driven world
This course is thus designed and developed for students aiming to understand the connections between banking,fnance and technology.
Assessments
Assessment Structure
Assessment Details
Quizzes
Assessment Overview
The quizzes assess students’ understanding offnancial technology.
Assesses: PLO1, PLO2
Detailed Assessment Description
Weight Assessment Name Assessment Due Date
20% Quiz 1 Week 4
20% Quiz 2 Week 8
Quiz #1 tests the material covered in Week 1-3. Quiz #2 tests materials covered in Week 4-7. This will be in a format of Multiple Choice Questionnaire. This is aimed to allow you to receive early
feedback on your performance and understanding of covered topics.
Submission notes
See Detailed assessment description
Assignment submission Turnitin type
Not Applicable
Two Individual Assignments
Assessment Overview
The two individual assignments assess students’ understanding of the FinTech and application of Python in FinTech
Assesses: PLO1, PLO2, PLO3, PLO6
Detailed Assessment Description
Weight Assessment Name Assessment Due Date
15% Python 1 Week 5
15% Python 2 Week 9
Pything programming quizzes and iLab exercises allowing students to construct technological solutions to real world case study in PropTech through the application of disruption
methodologies in a form of base machine learning models. We seek to expose intermediate level Python programming skills in the context of FinTech.
Submission notes
See Detailed assessment description
Assignment submission Turnitin type
Not Applicable
Group Project
Assessment Overview
The group project simulates FinTech project proposal for external stakeholders.
Assesses: PLO3, PLO4, PLO5, PLO7
Detailed Assessment Description
Weight Assessment Name Assessment Due Date
30% FinTech Proposal Week 10
Teamwork is essential component of current workplace. As a team of fnTech specialists you propose solution for one of your companies, prepare pitch presentation for Accelerator/
Incubator or internal Change Management Program. Small groups (5 students) will be formed around Week 2. By default groups are formed following the alphabetical order. Each student is expected to take on a role in the team and deliver as a team as well as an individual. Group
presentation is assessed on group component (30%). The team members are responsible to decide on team's governance structure and member's role allocation. Further details on group formation and tips on how to make a good sales pitch presentation will be posted on Moodle.
Submission notes
See Detailed assessment description
Assignment submission Turnitin type
Not Applicable
General Assessment Information
As a student at UNSW you are expected to display academicintegrity in your work and
interactions. Where a student breaches the UNSWStudentCode with respect to academic
integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment.
To assist you in understanding what academic integrity means, and how to ensure that you do
comply with the UNSW Student Code, it is strongly recommended that you complete the Working withAcademicIntegrity module before submitting your frst assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete.
Grading Basis
Standard
Requirements to pass course
In order to pass this course students must:
• Achieve a composite mark of at least 50 out of 100
• Engage actively in course learning activities and attempt all assessment requirements
2023-09-22