DCU has launched a new online accredited short course on Fintech in response to the rapidly growing sector of financial technology in Ireland.
The online course is aimed at professionals who wish to “upskill and keep pace with the rapid development of financial technology”, however it is also suitable for those seeking to move into the Fintech field.
The course is microcredential, meaning it is designed to upskill the student in a rapidly-growing industry without the time and cost commitment of a full degree.
Developed by The Business School, the course follows on from the announcement of a global partnership with the major online learning platform, FutureLearn.
While technology has always played a part in the financial industry, the internet combined with widespread use of smartphones and tablets has meant the speed of this change has accelerated rapidly in recent years.
FinTech – Financial Innovation is led by Prof. Mark Cummins and Dr. Pierangelo Rosati of DCU Business School, and it examines how “key technologies, such as cloud computing, social media and artificial intelligence, are disrupting all aspects of the finance value chain and facilitating unprecedented levels of innovation in financial services”.
“DCU and FutureLearn have entered into a new and exciting global strategic partnership,” said Prof. Mark Cummins.
“The FinTech Financial Innovation microcredential course is the first of a line of such flexible learning deliveries that the university is planning over the Future Learn platform,”.
The Business School professor, who is also the Deputy Director of the Irish Institute of Digital Business, described the course as an “academically rigorous micro-learning opportunity”.
Fintech, or Financial Technology, is the use of technology to deliver financial services and products to customers. For example, opening a bank account online instead of visiting a physical bank.
Car insurance providers have also started to rely on Fintech, by selling “telematic-based” insurance where the customer’s driving is monitored by a smartphone or a “black box” fitted to the car, which in turn determines the cost of how much the customer will pay.
Contactless payments is another example of fintech, and according to the Irish Central Bank the use of contactless payments has tripled in the last year in Ireland.
DCU has a range of other online courses on offer through the University’s National Institute of Digital Learning (NIDL) which was launched early last year.
Over 57,000 from 140 countries have already participated in DCU’s Fáilte ar Líne, the online Irish Language and Culture course.
Image Credit: Sonja Tutty