Note from the Publisher: Surprising stories in fintech come from all over the globe. Today we’ve learned that the University of Strathclyde in Scotland will be the first in the world to offer an Master’s Degree (MSc) in Financial Technology later this year. Interestingly, the University released research in Fall 2016 noting that the country could lose up to 14,000 jobs in the financial services sector if they don’t speed up adaption of financial technology. Just another sign that this fintech machine is massive and growing by the day, all over the planet.
‘The MSc in Financial Technology will be a 12-month course, with the first beginning in September 2017. It will combine an academic curriculum with the entrepreneurship and innovation skills needed in the fintech sector, such as data analytics and regulation, as well as understanding technologies such as blockchain.
Daniel Broby, director at Strathclyde’s Centre for Financial Regulation and Innovation, said the course has been designed to give graduates a clear understanding of what businesses need and to fast-track them into careers in the finance sector.
“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,” said Broby.
“The Scottish financial sector needs to capitalise on fintech or miss out. Our course will equip students with the essential skills and knowledge for a career in this field; it combines theory, intensive practice and industrial engagement.”’