Module Descriptors
FINTECH AND DIGITISATION (DUAL AWARD)
ACCT40319
Key Facts
Digital, Technology, Innovation and Business
Level 4
20 credits
Contact
Leader: Karl Mccormack
Hours of Study
Scheduled Learning and Teaching Activities: 48
Independent Study Hours: 152
Total Learning Hours: 200
Pattern of Delivery
  • Occurrence A, Guangxi Minzu University, UG Semester 2
Sites
  • Guangxi Minzu University
Assessment
  • GROUP PRESENTATION - 10 MINUTES weighted at 20%
  • INDIVIDUAL ESSAY WITH REFLECTION - 2000 WORDS weighted at 80%
Module Details
LEARNING OUTCOMES

Understand and evaluate the role of financial technology (FinTech) in revolutionising finance.

Knowledge & Understanding, Analysis

Explore concepts such as automation, artificial intelligence and data mining, and reflect on the challenges and opportunities these concepts present.

Enquiry & Reflection

Evaluate the functioning of contemporary banking systems, including financial intermediation, operation of payment systems, and the conduct and transmission channels of central bank monetary policy.

Knowledge & Understanding

Examine and analyse the key decisions made by financial managers using financial technologies.

Problem Solving

ADDITIONAL ASSESSMENT DETAILS
1. Group presentation (10 mins) 20% (LO 4) A group presentation to evaluate and analyses the key decisions made by financial managers utilising financial technologies.



2. Individual essay with reflection (80%) (LOs 1, 2 & 3) - Students will reflect on the impact of financial technology (FinTech) on the transformation of the finance industry, on the challenges and opportunities it presents. They will also evaluate the functioning of modern banking systems, focusing on financial intermediation, the operation of payment systems, and the conduct and transmission channels of central bank monetary policy.
INDICATIVE CONTENT
This module will introduce you to the key concepts and issues in financial management, financial markets, institutions, and instruments to provide a strong foundation on the applications of finance. These three key areas will provide you with a solid foundation to understand the key products and developments in financial technology (FinTech). You will cover the key financial decisions made by financial managers. The module will also examine the key financial instruments, the concepts of risk and return, and portfolio theory. You will study the functioning of modern banking systems, including financial intermediation, operation of payment systems, and the conduct and transmission channels of central bank monetary policy.



You will examine the nature of FinTech in the current industry context, exploring contemporary market developments and evaluating the challenges and opportunities presented.



This module provides you with a core foundational understanding of financial technology applications. The theory behind how these systems work will be applied to real examples, allowing you as an entrepreneur to create your own specialised applications.



For students studying at Stoke campus, this module will incorporate a residential (overseas if possible), including visits to international organisations to further develop an understanding of financial technology. You may also participate in a volunteer programme in which you will develop your understanding of diverse Fintech practices. APIIT Lanka will provide a series of guest speakers to further develop an understanding of culturally diverse approaches to financial technology.
WEB DESCRIPTOR
Looking forward to solving yesterday’s problems. In this module you will analyse the ways in which Financial Technology (FinTech) is revolutionising finance. You will gain an appreciation for the role of digitisation in business by exploring concepts such as automation, artificial intelligence and data mining and the challenges and opportunities these concepts present.
TEXTS
Cecchetti, S & Schoenholtz, K. (2021). ISE Money, Banking and Financial Markets, 6th Edition. New York, Ny Mcgraw-Hill Education.

Brown, S. (2020). The innovation ultimatum: how six strategic technologies will reshape every business in the 2020s. Hoboken, New Jersey: Wiley.

Mailoc, M. (2018). Advances in financial machine learning. New Jersey: Wiley.



Bambara, J.J. and Allen, P.R. (2018). Blockchain: a practical guide to developing business, law, and technology solutions. New York: Mcgraw-Hill Education
RESOURCES
LinkedIn. (n.d.). Blockchain Basics | LinkedIn Learning, formerly Lynda.com. [online] Available at: https://www.linkedin.com/learning/blockchain-basics?trk=learning-topics_trending-courses_related-content-card&upsellOrderOrigin=default_guest_learning .



LinkedIn. (n.d.). Cryptocurrency Foundations | LinkedIn Learning, formerly Lynda.com. [online] Available at: https://www.linkedin.com/learning/cryptocurrency-foundations?trk=learning-serp_learning_search-card&upsellOrderOrigin=default_guest_learning .



LinkedIn. (n.d.). What is financial modeling? - Excel Video Tutorial | LinkedIn Learning, formerly Lynda.com. [online] Available at: https://www.linkedin.com/learning/financial-modeling-foundations/what-is-financial-modeling?u=35633836 .
LEARNING STRATEGIES
The learning strategy for the module requires students to commit 200 learning hours (including assessment) of which there will be 48 hours of tutor-led learning and 152 hours of independent and self-directed study.



Concepts, theories and principles will be explored, practiced and demonstrated. Practical skills enhanced by recommended videos and talks. LinkedIn Learning will be used to direct self-study learning throughout the study block. Cognitive and personal skills developed in open-ended problem-solving exercises. Oral feedback will be given during sessions. The assessment will examine the wider learning outcomes expressed in the descriptor.



You will undertake ‘formative’ assessments during the module to help you monitor your learning and provide you and us with ongoing feedback on your progress, that helps you prepare for the ‘summative assessment(s) during or at the end of the module.



In-class sessions play a crucial role in the learning process, where formative assessments are essential for providing ongoing feedback to both students and the teaching team. Examples of formative assessments include quizzes, class exercises, draft submissions, and peer reviews, all of which help gauge students' understanding of the course material. These assessments enable instructors to identify areas where students may need additional support and adjust teaching strategies as needed. This practical implementation ensures that even in a remote learning environment, students receive the necessary support and preparation for their summative assessments.



Feedback and feedforward on this module in the dual award program would follow the steps implemented:

Rubrics: Develop shared grading rubrics and feedback templates for both institutions. This ensures that students receive consistent criteria, depth, and format feedback, whether the module is taught by one institution or co-taught.

Encouraging Reflection: Students would be encouraged to reflect on the feedback they receive and discuss how they will implement it. This practice ensures that feedback is understood and applied consistently, contributing to a cohesive learning experience.