Postgraduate Course: Topics in Banking Innovation (CMSE11657)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | Advances in technology, alongside developments in financial theory and practice, have transformed many of the relationship-focused intermediaries into today¿s data-driven banking operations. This course focuses on recent innovations and trends in the banking sector. The course provides students with an understanding of how digitalisation, data-driven approaches and innovative technologies are shaping the present and future landscape of banking. It will introduce examples and applications of how banks can use Big data and AI technologies to enhance their business operations. Additionally, the course will introduce decentralised finance and open banking. The course will also cover how banks integrate environmental, social and governance considerations into their business and operations. This course is structured to blend traditional lectures with a series of guest lectures by professionals from financial institutions as well as experts in the areas of Banking, FinTech, data science, and artificial intelligence |
| Course description |
The course seeks to stimulate interest in emergent trends in banking innovations and provides the knowledge required to give students a good understanding of how various innovative technologies and methods can used in banking business and risk management. The course also provides students with a good practical understanding and skills enabling them to leverage data-driven insights to address business challenges.
Outline Content
A different topic will be explored each week such as:
- The Evolution of Banking Innovation
- Applications of Big Data Analytics and Artificial Intelligence in Banking.
- Open Banking and Decentralised Finance
- Sustainable and Ethical Banking
Student Learning Experience
The course combines traditional lectures with a series of guest lectures by professionals from financial institutions and experts in areas of Banking, FinTech, data science, and artificial intelligence. Students will be engaged in the learning process through lectures, class discussions, assignments, and independent learning and reading.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
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| Academic year 2024/25, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 10,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
88 )
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
100% Essay (Individual) - Assesses all course Learning Outcomes |
| Feedback |
Formative: Feedback will be provided throughout the course.
Summative: Feedback will be provided on assessments within agreed deadlines. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand how banks evolve with technology.
- Understand and critically evaluate the benefits and limitations of financial innovation.
- Learn how data-driven approaches and artificial intelligence systems can be applied in the banking industry and financial services.
- Understand the principles of decentralised finance and its applications in the banking sector.
- Understand how environmental, social, and governance (ESG) criteria promote sustainable and ethical banking.
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Reading List
Core text(s)
The Fintech Disruption: How Financial Innovation Is Transforming the Banking Industry
Financial Technology: Case Studies in Fintech Innovation (ISBN-13 978-1789665451)
Global Fintech: Financial Innovation in the Connected World (ISBN electronic: 9780262369534)
The Palgrave Handbook of FinTech and Blockchain
The Handbook of Banking Technology (Online ISBN:9781119328094)
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Additional Information
| Graduate Attributes and Skills |
Communication, ICT, and Numeracy Skills
After completing this course, students should be able to:
Critically evaluate and present digital and other sources, research methods, data and information; discern their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of organisational contexts.
Knowledge and Understanding
After completing this course, students should be able to:
Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
Identify, define and analyse theoretical and applied business and management problems, and develop approaches, informed by an understanding of appropriate quantitative and/or qualitative techniques, to explore and solve them responsibly.
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| Keywords | Banking,Financial Innovation,FinTech,Digital technology |
Contacts
| Course organiser | Dr Yizhe Dong
Tel: (0131 6)51 7112
Email: Yizhe.Dong@ed.ac.uk |
Course secretary | |
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