Modified On Dec 07, 2022 10:04 PM by Nivesh, Views: 8001
University of Essex's business studies center the Essex Business School has decided to launch a new course MSc in Financial Technology. This is a post graduate program offers three routes finance, economics, and computer science which caters to the student career aspirations and what they want to focus on?
The professor of Banking and Finance at the University of Essex spoke about the decision and said:“I realised that traditional masters in finance are not able to train students for the new challenges that technology is giving to the financial system. Fintech cannot be addressed from a single perspective, such as the economic, financial, engineering, and physical ones. Fintech requires a specific program merging these different perspectives. Fintech needs a specific program to be well-addressed. Our program combines the skills from the Department of Economics, Essex Business School and the School of Computer Science and Electronic Engineering."
He further said that “Our students will have a wide perspective of the Fintech world and will also be trained in programming and coding in Python. Our program is also flexible, so the student can choose modules on their interest to go deep into the area they will be most interested in, including investments, asset management, banking, risk management and monetary policy.”
The professor was certain of the pace and impact of technology are increasing in the financial sector. “Fintech is the new paradigm in finance,” he said. “Technology has initially affected how financial services are delivered, but now it has created new financial products, new currencies, a new form of financial exchanges and, finally, new financial players. Traditional financial players have to compete with these new players that, although smaller in the size of financial transactions compared to the traditional financial system, are vastly growing and are a serious threat to traditional players," he said.
“Even regulators have to face the challenges driven by technological advances, leading to a new form of regulation/supervision and, likely, to a new form of traditional currency (such as the digital euro and the Indian digital rupee)," he added. He is confident that the new program would be critical in producing the fintech experts which would lead to the growth of the new-age fintech industry.
