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Financial Technology

Language of instruction

lithuanian

Qualification degree and (or) qualification to be awarded

Master of Computing

Place of delivery

Vilnius, Universiteto g. 3, LT-01131
Muitinės g. 8, 44280 Kaunas

Institution that has carried out assessment

No data

Institution that has performed accreditation, accreditation term

Studijų kokybės vertinimo centras, 8/31/2021

Data provided or updated (date)

6/18/2018

Order on accreditation

SV6-26
More about programme

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Summary of the Profile

General Description:
The objective of the study programme Financial Technology is to prepare senior and chief specialists in the industry of modern financial technologies who are able to apply the knowledge of financial instruments, advanced information and communication technologies as well as modern research achievements by realising the theoretical and practical activity models in both classical and innovative, centralised and decentralised e-markets, banking, investment insurance sectors and organisations operating in state and private sectors.
Learning outcomes:
Having successfully completed the study programme Financial Technology the graduate will be able to:
1.1 plan and organise both his individual and other employees’ work, carry out managerial tasks taking into consideration the existing resources (time, human resources, infrastructure etc.); solve various tasks and problems arising during activities;
1.2 responsibly and effectively carry out professional activity in the local and international context by following social, legal and ethical norms;
2.1 analyse and systemise the research data necessary for the studies, scholarly and professional activities and the implementation of innovations; effectively manage information resources;
2.2 critically evaluate information, determine its reliability and adequately use it in the studies or professional activity;
2.3 think creatively and critically; flexibly and creatively evaluate the phenomena of financial engineering and the risks arising from the innovative business and finance processes;
2.4 make reasonable business decisions, implement technology innovations in business by critically evaluating the tendencies and changes in finance industry;
3.1 identify, analyse and assess the means, knowledge, technologies and methodologies related with financial analysis and data processing that operate on the basis of information and communications technology (ICT) and apply them when solving the multifaceted tasks of financial technology;
3.2 apply the knowledge of finance informatics in both professional and research activities as well as create the systems based on cryptographic currency and smart contracts functioning in finance markets, accounting, solutions of the Internet of Things and social networks;
3.3 will know the legal framework, the market entering and tax principles of innovative products and apply this knowledge in professional activity;
4.1 analyse and critically evaluate the principles of financial technology processes, instruments, financial transaction processing systems, methodologies, tools and solutions emerging in the context of the fourth industrial revolution;
4.2 carry out technology research, forecasting and modelling activities by using adequate analytical tools and sets of the largest financial databases and applying the distributed systems and high-performance computing;
4.3 analyse information, financial and technological processes which create value in an organisation, critically evaluate the theoretical and practical aspects of analysis and decision-making by invoking the knowledge of business analytics, organisation management and their synthesis;
4.4 flexibly and creatively evaluate the risks emerging in business and innovation processes; select optimisation methods suitable for the elimination of such risks by understanding the principles and specificity of financial market supervisors;
5.1 apply the existing or offer new mathematical and statistical models for the applied tasks with large arrays of data;
5.2 use and develop the instruments for the application of information technology in the financial sector; apply technologies based on the clustering, filtering of investment instruments, fuzzy set logic by working out and developing solutions of applied character;
5.3 apply block chain-based solutions for the identification, authentication, record-keeping and validation tasks in decentralised and centralised systems.
Activities of teaching and learning:
Problem-based teaching, lectures, practical work, individual work, seminars;
Active teaching/learning methods: group discussion, situation modelling, trading simulation, individual consultations, analysis of scientific literature, individual project, report preparation, laboratory tasks.
Methods of assessment of learning achievements:
Cumulative grading system is used to encourage students to work and gradually develop the required competences. The following methods are applied to assess the achievements of the students of the Financial Technology study programme: examination, project, colloquium, defence of practical works, test, reports, active participation during seminars, analytic discussions, analysis of real cases in business, analytical paper.
Framework:
Study subjects (modules), practical training:
Compulsory subjects of the study programme (80 credits) can be distinguished by a consistent integration of disciplinary (ICT) and applied (finance) areas that eliminates their division into separate components:
- Modern Banking Technologies;
- Analysis of Large-scale Data and Its Technologies;
- Financial Market Intelligence Systems;
- Methods and Means for Business Process Optimisation;
- Cryptographic (Blockchain) Currencies and Applied Systems;
- FinTech Applied Solutions;
- Investment risk management;
- Research Work (Master’s Final Project);
- Legal Framework of Financial Technologies;
- Master’s Thesis (field: Information Systems).
Optional courses:
Optional courses of the study programme allow students to select either the technological or management area of FinTech studies and sciences.
During their first semester, students can choose one of these disciplines:
- High-performance Computing and Distributed Systems;
or
- Solutions of Business Analysis and Management;
During the second semester, students can choose from the following optional disciplines:
- Data and System Protection;
or
- Technological Innovations and Entrepreneurship.
Distinctive features of a study programme:
The study programme is delivered both in Lithuanian and English languages;
The programme is characterised by consistent integration of disciplinary (ICT) and applied (finance) areas.
Interdisciplinary Financial Technologies master’s study programme combines the subjects in the field of information systems and finance. Both the group of subjects in the field of information systems, which encompasses architectural design and administration of information systems, information systems security and implementation of innovative applied systems in financial sector, and subjects in the field of finances, which focus on the analysis of contemporary banking solutions, business credit risk management, examination of business intelligence and management issues, develop the subject-specific competences required for contemporary engineers and innovators of financial systems.
Access to professional activity or further study:
Access to professional activity:
The field of professional activity of the programme graduates is the financial technology industry. Graduates will be able to independently carry out research on financial markets and instruments; to design, implement and administer innovative solutions for financial markets and financial instruments; to manage the investment portfolio of cryptographic currencies; to work as managers and consultants in financial intermediaries and financial services companies; to introduce technological innovations of the financial sector in the branches of banks, insurance companies, business enterprises. Graduates will be able to work as blockchain programmers, company executives, investment portfolio managers, large-scale data analysts, and project managers in the business of FinTech applied solutions.
What is more, graduates will be able to set up FinTech Startups using their skills to creatively apply financial technology innovations, adapt the acquired analytical and research skills, develop financial technology business policies and strategies, develop the ecosystems of new financial services, advanced financial instruments, business models, communicate with the public and lead a team, creatively apply API technologies and principal solutions of the activities of decentralised and centralised transaction storage systems, blockchain technologies, crowdfunding, HUB, outsourcing.
Access to further study:
Graduates of the study programme will be able to carry out research in the field of finances and information technologies or to pursue PhD studies in physical sciences (in the field of computer science), and social sciences (in the field of management, economics).