essex Business The School at the University of Essex is launching a new MSc
financial technology (Fintech). The master’s course offers three routes – finance, economics and computer science, depending on the student’s focus and career aspirations.
Professor Franco Fiordelli, Professor of Banking and Finance at the University of Essex, said: “I realized that traditional masters in finance are not able to train students for the new challenges that technology is posing to the financial system. cannot be addressed by a single approach such as engineering and physical. Fintech needs a specific program to combine these different approaches. Fintech needs a specific program to be
well addressed. Our program combines skills from the Department of Economics, Essex Business School and the School of Computer Science and Electronic Engineering.”
He added, “Our students will have a broad view of the fintech world and will also be trained in programming and coding in Python. Our program is also flexible, so students can choose to study in areas including investment, asset management, banking, risk management and monetary policy.” They can choose the module on their own to go deeper into the topics that interest them the most.
According to Professor Fiordelli, the pace and influence of technology in the financial sector is increasing. “Fintech is the new paradigm in finance,” he said. “Technology has initially affected how financial services are delivered, but has now created new financial products, new currencies, a new form of financial exchange and, ultimately, new financial players. Traditional financial players have to compete with these new players who, although smaller in size of financial transactions compared to the traditional financial system, are growing in scale and are a serious threat to the traditional players,” he said.
He added, “Even regulators face challenges driven by technological advances, leading to a new form of regulation/supervision and the possibility of a new form of traditional currency (such as the digital euro and the Indian digital rupee) “
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