FINS3648 Banking, Finance and Technology

Published on the  12 May 2024

Course Details & Outcomes

Course Description

This course deals with implications of technological advances on current and future state of 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 spectrum of valuable internal and external opportunities. It introduces computational fnance and banking technology using the open source programming language of python in the context offnance theory and applications. Case studies to be explored include digital currency (Bitcoin), settlements (Blockchain), hedging, trading and fnancial advisory.

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

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.

Assessment Details

Exercises

Assessment Overview

The quizzes and iLab Python exercises assess students’ understanding offnancial technology.

Assesses: PLO1, PLO2

Course Learning Outcomes

 CLO3 : Construct technological solutions to real world case studies through the application of disruption methodologies.

 CLO5 : Execute intermediate level Python programming skills in the context of FinTech.

Detailed Assessment Description

Weight  Assessment Name    Assessment Due Date

30%       Python                       Week 4 and Week 8

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

FinTech Project and Evaluation

Assessment Overview

The group project simulates FinTech project proposal for external stakeholders. 30% of the grade is group and 10% is an individual evaluation.

Assesses: PLO1, PLO2, PLO3, PLO4, PLO5, PLO7

BCom students: myBCom course points for PLO7

Course Learning Outcomes

 CLO1 : Examine the complexities of the global FinTech landscape and its effect on the process of innovation.

 CLO2 : Critique the banking and fnance ecosystem and the role of consumers in shaping the current environment by linking behavioural fnance theories to technological advances in banking.

 CLO3 : Construct technological solutions to real world case studies through the application of disruption methodologies.

 CLO4 : Communicate a FinTech solution from ideation to implementation to a professional standard

 CLO6 : Collaborate in teams to co-create solutions to real-time problems in the FinTech sector.

Detailed Assessment Description

Weight  Assessment Name    Assessment Due Date

30% Peer Evaluation Week 10

10%       Peer Evaluation         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.    Upon conclusion of this task each team member will complete a peer evaluation exercise worth 10% of the fnal course mark. You will provide a mark out of 10 for each team member. The combined score will be averaged and moderated by the LiC.

(BCom students: myBCom course points for PLO7)

Assessment Length

No more than 25 pages

Submission notes

See Detailed assessment description

Assignment submission Turnitin type

Not Applicable

Discussion and Refection

Assessment Overview

This task aims to develop the student’s ability to understand multiple perspectives and learn from the insights and experiences of peers in order to transform their thinking of the fnance sector.

Assesses: PLO1, PLO3, PLO5, PLO6

BCom students: myBCom course points for PLO3

Course Learning Outcomes

· CLO1 : Examine the complexities of the global FinTech landscape and its effect on the process of innovation.

· CLO2 : Critique the banking and fnance ecosystem and the role of consumers in shaping the current environment by linking behavioural fnance theories to technological advances in banking.

· CLO6 : Collaborate in teams to co-create solutions to real-time problems in the FinTech sector.

Detailed Assessment Description

Weight  Assessment Name    Assessment Due Date

30%       Refection                  Week 7

This task aims to develop your ability to understand multiple perspectives and learn from the insights and experiences of your peers in order to transform your thinking of the fnance sector. We will measure this by examining how well you can articulate the extent to which your views about FinTech have developed and changed across the frst half of the course. The development of this skill will enable you to see the FinTech landscape in a critically focussed way which will    help you to identify problems that need solving which is an important component required in the group task.

(BCom students: myBCom course points for PLO3)

Assessment Length

600 words

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

• Meet any additional requirements specifed in the assessment details

• Meet the specifed attendance requirements of the course (see Schedule section)