Course will provide training in financial, programming and analytical skills.
The UK is to get its first Financial Technology course courtesy of the University of Strathclyde.
The Masters of Science (MSc) programme in fintech is billed as helping to support the digital transformation of Scotland’s financial sector.
Strathclyde’s MSc programme will aim to give students the, “financial, programming and analytical skills needed to help companies accelerate transactions and enhance security – and further establish Scotland’s position as a leader in financial innovation,” say’s the University’s website.
The University said that the decision to create the cause came after research found that fintech has the potential to create nearly 15,000 jobs in Scotland over 10 years.
Daniel Broby, Director of Strathclyde’s Centre for Financial Regulation and Innovation, said: “Fintech is developing rapidly, utilising software and programming code in innovative ways. It is driving efficiency up and costs down and the digitalisation of transactions is now a cross- disciplinary science.
“The Scottish financial sector needs to capitalise on Fintech or miss out. Our new course will equip students with the essential skills and knowledge for a career in this field; it combines theory, intensive practice and industrial engagement.”
The course, which will be run by Strathclyde Business School, will run over 12 months starting in 2017 and will combine: “a rigorous, core academic curriculum with the entrepreneurial and innovative elements of Fintech, including financial method, data analytics, regulation, and the applications of technologies such as blockchain and distributed ledgers,” said the University.
Although the course appears to be the first fintech dedicated one in the UK, there are other courses throughout the country that offer flavours of the subject. UCL for example offers an MSc in Entrepreneurship, which has a fintech sub-stream, and the Open University is partnered with Innovate Finance, a UK fintech trade body, with plans to launch a 50 hour online Fintech 101: Understanding Financial Technology’ course.