Strathclyde University is introducing a masters degree in financial technology (FinTech) “to support the digital transformation of Scotland’s financial sector”.
The university says that the MSc will 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”.
The move comes after research found that FinTech has the potential to create nearly 15,000 jobs in Scotland over the next 10 years.
The 12-month programme, starting in September, 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”.
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.”
He added: “We are delighted to have received overwhelming support from the sector in the development of the course. It has been designed to give graduates a clear understanding of what businesses need, and fast-track them into successful careers in the finance sector.”
The course is being run by Strathclyde Business School, which was named the UK’s business school of the year by the Times Higher Education last November.