Financial Technology and Innovation MSc
Key information
Duration: 12 months
Attendance mode: Full-time
Fees: £31,500 (more information)
Location: Bunhill Row
Start of programme: September 2024
Application deadline: Rolling applications
Entry year: Showing course information for 2024
Join our inter-disciplinary learning environment and prepare to shape the future of Finance
Overview
Financial Technology and Innovation MSc Who is it for?
Are you keen to learn about the challenges associated with the future of finance and banking, and interested in seeking technology-intensive solutions to the problems that characterise the traditional financial infrastructure?
At present, many Fintech initiatives compete and co-exist with financial institutions. Digitised routines drive the diffusion of advanced analytics in banking and finance. Blockchain technology offers the opportunity to rethink the way we design, use, and embrace financial services.
We offer an inter-disciplinary learning environment with core modules in finance, technology, law, coding and data science to deliver state-of the art knowledge and skills.
Why choose this course?
- Work directly with industry partners on projects as part of your rounded learning experience
- Connect directly with the financial industry and fintech scene in and surrounding the City of London
- Join us at Bayes, situated right by the square mile and London's financial district
- Design and develop solutions while collaborating with peers from different areas of knowledge and expertise across programmes
- Prepare for a wide range of careers for Finance – equipped with cutting-edge knowledge on digital finance, regulation and more.
Course objectives
We will walk through and contrast the traditional institutional processes and market infrastructure with emerging, IT-intensive solutions for finance and banking.
We offer state-of-the art academic knowledge in data science and its application to problems in finance and banking.
You'll gain an appreciation of the legal and regulatory context within which fintech innovation and adoption takes place.
Our content is focussed on financial innovation. You'll acquire practical knowledge of how to design financial services by applying principles of information systems management and requirements engineering.
Teaching staff
This new fintech course will be delivered by our expert Bayes academics. Our teaching staff all have many years of practical experience working in industry as well as being active researchers in their fields. This pairing of industry experience and active research provides a topical, hands-on learning environment.
Course content
Prior to beginning of this degree, you will be offered access to pre-study modules that focus building on mathematical and statistical skills, and which introduce you to coding in Python.
You'll develop a clear understanding of how modern financial markets function and how to apply quantitative and algorithmic tools to attack systemic problems (for example by using machine learning to aid portfolio construction or by building blockchain-based savings protocols). You also receive skills required by an entrepreneur looking to innovate in finance or banking, including knowledge of the relevant regulatory environment.
The programme is practical and hands-on, but you'll also obtain a thorough, research-led, high-level, topical postgraduate training. The fundamental aim of the MSc course is to deliver graduates with both a solid theoretical underpinning and the ability to apply knowledge to practical problems immediately.
Course structure
Programme content is subject to change. We regularly review our module offering and amend to keep up to date and relevant.
Induction weeks
All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.
Modules
Eight compulsory, core modules are given in terms 1 and 2. Term 3 is dedicated to a compulsory and supervised industry-led project, as well as to three elective modules of your choice.
Term 1
Core modules
Financial markets and financial intermediation
This module aims to provide students with an understanding of the workings of modern financial markets and the banking industry. We will introduce the key classes of financial securities, describe and reflect upon their valuation and discuss and evaluate how markets are organised for their trading. We will proceed to describe how the investment management industry works within this landscape. Finally, we will focus on the major features of the banking industry, the different types of banks that exist and their activities. Throughout there will be focus on the changing nature on these industries and institutions and reflection on how and why they are being affected by regulatory change, globalisation and financial innovation.
Foundations of Fintech
This module aims to examine the history, development and ecosystem of Open Banking and Financial Technology (FinTech). It analyses their relationship with financial institutions and transformation of the global financial system and business. The global financial system, International Financial Institutions (IFIs) and other financial intermediaries are discussed in the connection to fintech. An outline of regulation and governance of financial institutions, banking and fintech would also be presented. Finally, the module examines various fintech applications (e.g. cryptocurrencies, payment systems and trading platforms) and evaluates their impact on finance and business.
Foundations of Data Science
This module aims to provide you with a comprehensive understanding of both theoretical foundations and practical skills necessary to use data science methods in addressing various problems related to financial markets and the financial industry more in general.
Innovation, entrepreneurship, and financial technology
The module has two key aims. The first is to develop your understanding of the business implications of adopting or competing with a digital business model. The second is to describe how particular technologies (e.g. blockchains and AI) are impacting and may continue to impact industries related to financial services.
Term 2
Core modules
Regulatory Compliance, Ethics, Social Values
This module provides an overview of legal and ethical issues relating to the creation, dissemination, organisation and use of information, documents, and data.
It has also become increasingly important for multinational companies and other businesses to justify the social and environmental impact of their business practices. To achieve these businesses, need to design Corporate Social Responsibility (CSR) policies and publish CSR reports.
Digital money and banking
The "Digital Money and Banking" module offers a transversal understanding of the profound developments in the monetary landscape. With money playing a central role in the economy, its transformation has accelerated, encompassing digital money and cryptocurrencies. As key players in the monetary system, banks are actively participating in these transformations. Concurrently, monetary authorities are adapting their operations in response to these innovations. The module is specifically designed to provide participants with comprehensive insights into these advancements, empowering them to grasp the intricacies of digital money, banking, and the evolving monetary ecosystem.
Data Analytics for Fintech
This module aims to provide you with a comprehensive understanding of how AI and ML technologies can be used in big data analytics and in addressing classification and prediction problems of the financial industry. The module will cover several methods including tree-based methods, support vector machines, and neural networks.
Decentralised finance and blockchain applications
To develop clear understanding of how blockchains work and what classes of financial problems they can (and cannot) solve. To understand some of the blockchain-based solutions that have been proposed and to evaluate the impact and success of these decentralised finance applications. To guide you to areas where future decentralised solutions might be most fruitful.
Term 3
In your third term you'll work on a compulsory and supervised industry-led project alongside a choice of three elective modules.
Industry project
The industry project aims to train you to undertake individual research within the context of an industry-related problem or issue and to provide you with an opportunity to specialise in a contemporary business or finance topic related to your future career aspirations.
Elective modules
- Sustainable Finance with ESG
- Data Management Systems
- Financial Crime
- Ethics Society and the Financial Sector
- Field trip and study – international exposure
- Mergers and Acquisitions
- Trading and Hedging in the FOREX Market
- Investment Strategy
- Hedge Funds
- Foreign Exchange.
Throughout the programme you also acquire direct knowledge of current issues in the Fintech industry through events and guest lectures from professionals / alumni, working in relevant fields.
Where applicable, lecturers address any ethical issues that might arise in the practice of finance and banking. In so doing you are always encouraged to share your views with your lecturers and with your classmates, where a diversity of opinion is to be expected and appreciated.
* The list of electives offered in a given year will be confirmed by February.
Assessment methods
Term dates
Term dates 2024/25
- Induction: 9th September 2024 - 20th September 2024
- Term one: 23rd September 2024 - 6th December 2024
- Term one exams: 6th January 2025 - 17th January 2025
- Term two: 20th January 2025 - 4th April 2025
- Term two exams: 21st April 2025 - 2nd May 2025
- Term three - international electives: 5th May 2025 - 16th May 2025
- Term three: 19th May 2025 - 4th July 2025
- Term three exams: 7th July 2025 - 18th July 2025
- Resits: 11th August 2025 - 22nd August 2025
- Additional resit week - tests only: 25th August 2025 - 29th August 2025.
Timetables
Course timetables are normally available from July and can be accessed from our timetabling pages. These pages also provide timetables for the current academic year, though this information should be viewed as indicative and details may vary from year to year.
Please note that all academic timetables are subject to change.
Fees & funding
UK/Home/International fee
September 2024 entry
£31,500
Tuition fees are subject to annual change.
Deposit: £2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met).
First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the induction period).
Second installment: Half fees (paid in January following start of course).
Scholarships & bursaries
Scholarships, sponsorships, loans and other funding could support your education at Bayes Business School.
Learn about the cost of living as a Bayes student in London.
Scholarships
We have a range of scholarships for Master's degrees at Bayes Business Scool. Most scholarship applications for 2024/25 year of entry will open in January 2024.
View our scholarships and fundingOther funding opportunities
Scholarships are very competitive, you may wish to look other options for funding, including the government PG Loan.
View other funding optionsSponsorship
Students on the course who are sponsored in full or in part by their employer will need to complete a sponsorship form as part of the application process.
View our sponsorship guidanceCareers
Upon successfully completing the MSc Financial Technology and Innovation course, you can expect at least two different avenues toward the job market.
You may choose to continue your career in the financial sector, and steer institutional digital transformation as a business analyst, or as an innovation manager /service innovation specialist. Your degree allows you as well to take up more traditional roles, such as investment manager or data analyst or quantitative researcher and apply your forward-looking knowledge accordingly.
Or you might enter the FinTech sector and work for a start-up venture or an established finance/banking firm (e.g. a bank or a portfolio manager or a hedge fund) looking to become more technologically capable. You may also end up working for an IT firm or a consulting firm specialising in banking and finance, as they are always seeking for individuals with inter-disciplinary knowledge.
Last, but not least, this course may push you to develop your own technology-based financial service idea and bring a new venture to market.
Alumni stories
Entry requirements
- A UK upper second class degree or above, or the equivalent from an overseas institution, in a quantitative programme such as finance, economics, accounting, statistics, mathematics, physics, engineering or computer science
- Work experience is not a requirement for this course, but if you have significant relevant work experience this will enhance your application.
English language requirements
If you have been studying in the UK for the last three years it is unlikely that you will have to take an English language test.
If you have studied in the UK at degree level for less than three years (e.g. 3+1, 2+1, 2+2, etc.) you will be required to provide the results of an approved English language test and possibly resit the test to meet our academic entry requirements.
Full list of approved English language tests/qualifications and minimum requirements.
Apply
Please see our Application Guide for details of the documents you will need to supply as part of your application, and other useful information.
We cannot comment on individual eligibility before you apply. We can only make a decision on your application once it is fully complete, with all requested information received.
Frequently asked questionsTerms and conditions
Students applying to study at Bayes Business School are subject to City, University of London's terms and conditions.
Student life
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