CCST9080 Science, Technology and Big Data
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Course Description
FinTech (Financial Technology) has revolutionized how traditional financial services can be provided to the general public and prompted financial service providers to re-consider how they should do business across an expansive, and expanding, range of commercial enterprises. This course will trigger students to think about how FinTech can tackle important global issues, both social and financial, and open up new and emerging markets. The course, which will be interactive and make use of different forms of multi-media, will focus on the following themes. How best:
- to let unbanked/underbanked entities (e.g. those in poor countries) to enjoy financial services and provide equal opportunities to women and men in terms of financial inclusion;
- to enable SMEs (small and medium enterprises) and the microfinance sector to benefit from the rise of digital technologies for various financial services and AI technologies; and
- to explore emerging business opportunities and markets (e.g. virtual banking and decentralized finance) based on FinTech technologies while understanding the security, privacy and regulatory issues behind.
Students, who need no prior experience with Fintech technologies, will learn the basics of Fintech operations, including blockchain technologies, and work collaboratively on projects that link Fintech technologies to social values in underserved populations. They will leave the course with a deeper understanding of finance, technology, and social responsibility and be better prepared to contribute to working teams both in and beyond the university.
Course Learning Outcomes
On completing the course, students will be able to:
- Describe the technologies that drive FinTech applications.
- Understand the issues of traditional financial services, in particular, the unbanked, underbanked, and the gender issues (e.g. in developing countries).
- Describe how FinTech can help to solve the problems of traditional financial services.
- Understand new issues such as cyber security and regulations, introduced by new FinTech applications.
- Propose new FinTech applications to help improving the financial services of the society.
Offer Semester and Day of Teaching
Second semester (Wed)
Study Load
Activities | Number of hours |
Lectures | 24 |
Tutorials | 8 |
Seminars | 7.5 |
Reading / Self-study | 60 |
Assessment: Assignments | 4.5 |
Assessment: Essay / Report writing | 10 |
Assessment: Group project | 20 |
Total: | 134 |
Assessment: 100% coursework
Assessment Tasks | Weighting |
Tutorial participation | 10 |
Essay / Report writing | 30 |
Group project | 40 |
Assignments | 20 |
Required Reading / Viewing
Selections from:
- HKUx’s Professional Certificate in FinTech. From https://www.edx.org/professional-certificate/hkux-fintech
- Hong Kong Academy of Finance. Applied Research Reports. From https://www.aof.org.hk/research/HKIMR/publications-and-research/applied-research-reports
- Arner, D. W., Barberis, J., & Buckley, R. P. (2019). The REGTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries in Regulation. Wiley.
- Financial Services Development Council. (2015, January). FSDC Paper No.13: Developing Hong Kong’s Human Capital in Financial Services. From http://www.fsdc.org.hk/sites/default/files/Paper%2013%20Developing%20HK%20financial%20talent%20%2823-1-2015%29_1.pdf [The Financial Services Development Council has published a report to address the human resources problem of Hong Kong’s financial industry. It points out that Hong Kong suffers a serious shortfall in high quality professionals in FinTech.]
Decentralized finance
- Bitkom. (2020). Decentralized Finance (DeFi) – A new Fintech Revolution? The Blockchain Trend explained. From https://www.bitkom.org/sites/default/files/2020-07/200729_whitepaper_decentralized-finance.pdf
- Chen, Y., & Bellavitis, C. (2020). Blockchain Disruption and Decentralized Finance: The Rise of Decentralized Business Models. Journal of Business Venturing Insights, 13. From https://www.researchgate.net/publication/337111343_Blockchain_Disruption_and_Decentralized_Finance_The_Rise_of_Decentralized_Business_Models
- Keio Research Institute at SFC. (2020). A Study on Governance for Decentralized Finance Systems Using Blockchain Technologies. From https://www.fsa.go.jp/policy/bgin/ResearchPaper_Keio_en.pdf
Financial inclusion
- Hong Kong Monetary Authority. Financial inclusion. From https://www.hkma.gov.hk/eng/key-functions/banking/banking-conduct-supervision/financial-inclusion/
Virtual banking
- Fintech News Hong Kong. (2020). Hong Kong’s Eight Virtual Banks: The Progress So Far. From https://fintechnews.hk/13052/virtual-banking/hong-kongs-eight-virtual-banks-the-progress-so-far/
- Hong Kong Monetary Authority. Virtual Banks. From https://www.hkma.gov.hk/eng/key-functions/banking/banking-regulatory-and-supervisory-regime/virtual-banks/
- Websites of the 8 virtual banks in HK
Other related materials for FinTech will be provided during the lectures.
Course Co-ordinator and Teacher(s)
Course Co-ordinator | Contact |
Professor S.M. Yiu Department of Computer Science, Faculty of Engineering |
Tel: 2857 8242 Email: smyiu@cs.hku.hk |
Teacher(s) | Contact |
Professor S.M. Yiu Department of Computer Science, Faculty of Engineering |
Tel: 2857 8242 Email: smyiu@cs.hku.hk |
Professor D.W. Arner Department of Law, Faculty of Law |
Tel: 3917 2951 Email: douglas.arner@hku.hk |
Professor C. Lin Faculty of Business and Economics (Finance) |
Tel: 3917 7793 Email: chenlin1@hku.hk |