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INFO7015 - Financial Technology

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Title:Financial Technology
Long Title:Financial Technology
Module Code:INFO7015
 
Credits: 5
NFQ Level:Intermediate
Field of Study: Information Systems
Valid From: Semester 1 - 2017/18 ( September 2017 )
Module Delivered in 1 programme(s)
Module Coordinator: CATHERINE MURPHY
Module Author: MARTIN CONNOLLY
Module Description: This module introduces students to the principles, concepts and platforms used in Financial Technology (FinTech).
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Describe, discuss and apply Financial Technology concepts.
LO2 Describe and evaluate Financial Network Infrastructures.
LO3 Outline, discuss and apply the principles of Financial Engineering & Risk Management.
LO4 Use, apply and evaluate Financial Platforms.
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.

No requirements listed
Co-requisites
No Co Requisites listed
 

Module Content & Assessment

Indicative Content
Financial Technology Concepts
Financial Terminology. Financial Derivatives. Financial Algorithms. Algorithmic Trading & High Frequency Finance. Clearing & Settlement. Spreadsheets. Spreadsheets for Interpolating Prices and Rates. Financial Products. Identifying Financial Objects. Exchange Ticker Symbols.
Financial Networks
Financial Network Infrastructures. Electronic Financial Communication Networks. Virtual Delivery. Market Data Technology.
Orders & Messages
Anatomy of Orders. Order Processing Technology: From Q-Codes to FIX. Markup Languages. Representing Rules.
Financial Engineering & Risk Management
Financial Instruments. Market Data Screens. Statistical Analysis of Financial Data. Risk Types. Impact of Regulation on Risk. Accounting Credit Valuation Adjustment (CVA). Basel III. Hedge Fund Replication. Portfolios & Risk. Risk & Hedging. Probability & Risk.
Financial Platforms
Electronic Payment Systems. Banking Systems. Cryptocurrencies: Block Chain Technology. Forensic Financial Technology & Regulatory Systems. Dataveillance. Electronic Trading & Transaction Platforms.
Assessment Breakdown%
Course Work50.00%
End of Module Formal Examination50.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Practical/Skills Evaluation A series of lab exercises using spreadsheets, applications & platforms used in Financial Technology. 1,4 50.0 Every Week
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End of Semester Exam. 1,2,3,4 50.0 End-of-Semester
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Lectures on the principles of Financial Technology. 2.0 Every Week 2.00
Lab Practical Lab Based Exercises on spreadsheets, platforms and applications used in Financial Technology. 1.0 Every Week 1.00
Independent & Directed Learning (Non-contact) Study of course material. Completion of practical exercises. 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Lectures on the principles of Financial Technology. 2.0 Every Week 2.00
Lab Practical Lab Based Exercises on spreadsheets, platforms and applications used in Financial Technology. 1.0 Every Week 1.00
Independent & Directed Learning (Non-contact) Study of course material. Completion of practical exercises. 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
 

Module Resources

Supplementary Book Resources
  • Roy S. Freedman 2006, Introduction to Financial Technology (Complete Technology Guides for Financial Services, 1st Edition Ed., Academic Press [ISBN: 978-012370478]
  • Rupak Chatterjee 2014, Practical Methods of Financial Engineering and Risk Management: Tools for Modern Financial Professionals, 1st Edition Ed., APress [ISBN: 978-143026133]
  • Gunter Löeffler & Peter N. Posch 2011, Credit Risk Modeling using Excel and VBA, 2nd Edition Ed., Wiley [ISBN: 978-04706609]
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BBISY_8 Bachelor of Business (Honours) in Information Systems 4 Elective

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie