Foundations of FinTech (FNCE30012)
Undergraduate level 3Points: 12.5Dual-Delivery (Parkville)
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
Overview
| Availability | Semester 2 - Dual-Delivery |
|---|---|
| Fees | Look up fees |
Technology has been transforming the financial industry, with the potential to disrupt traditional industry structure and practice. The subject is organised around a number of real‐world issues, in order to introduce fundamental underlying economic (including money, moral hazard, property rights and bank runs) and psychological (including engagement, trust and privacy) problems, and how technology could provide transformative solutions to those problems (e.g., big data, distributed ledgers, artificial intelligence, machine learning and natural language processing). Cases will illustrate the core concepts. The emphasis is on foundations, so students will be able to apply the learned concepts in novel situations.
Intended learning outcomes
On completion of the subject, students should be able to:
- Identify fundamental economic and psychological issues behind real‐world problems in the financial sphere
- Determine how major advances in artificial intelligence and machine learning are applicable to finance problems
- Demonstrate basic knowledge of techniques in artificial intelligence and machine learning
- Demonstrate knowledge of major trends in Fintech
- Distinguish disruption from mere computerisation
- Acquire skills to solve practical financial problems
- Learn to think outside the box
- Critically evaluate new ideas and their implementation
- Recognise opportunities to innovate
Generic skills
- High level of development: problem solving; critical thinking; interpretation and analysis
- Moderate level of development: statistical analysis; algorithm development
- Some level of development: programming
Last updated: 13 March 2025
Eligibility and requirements
Prerequisites
Option 1 - required subjects
One of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| FNCE10002 | Principles of Finance |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
Summer Term (Online)
|
12.5 |
| FNCE20001 | Business Finance | No longer available |
AND
One of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECOM20001 | Econometrics 1 |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
| ECON20003 | Quantitative Methods 2 |
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
| ECON20005 | Competition and Strategy | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
OR
Option 2 - alternative enrolment
Students wishing to enrol into FNCE30012 Foundations of FinTech who have not met the listed prerequisite subjects are to email the subject coordinator listed on the Dates and times page, with evidence supporting how they meet requirements. If enrolment is approved, students will be contacted. Please note, waivers are not guaranteed and the decision from the Faculty is final.
Corequisites
None
Non-allowed subjects
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| FNCE90084 | Fintech: Foundations and Applications | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
Recommended background knowledge
Investments analysis; hands‐on experience with programming; exposure to computing (e.g. through taking COMP10001 in CIS)
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 13 March 2025
Assessment
| Description | Timing | Percentage |
|---|---|---|
Eleven in‐class quizzes (not more than 50 words each)
| From Week 2 to Week 12 | 20% |
Two individual homework assignments (not more than 600 words each)
| From Week 4 to Week 9 | 30% |
One individual term project papers (not more than 800 words each)
| From Week 8 to Week 12 | 20% |
End-of-semester examination
| During the examination period | 30% |
Last updated: 13 March 2025
Dates & times
- Semester 2
Principal coordinator Nitin Yadav Mode of delivery Dual-Delivery (Parkville) Contact hours One 2‐hour lecture per week plus one 1‐hour tutorial per week Total time commitment 170 hours Teaching period 25 July 2022 to 23 October 2022 Last self-enrol date 5 August 2022 Census date 31 August 2022 Last date to withdraw without fail 23 September 2022 Assessment period ends 18 November 2022 Semester 2 contact information
Nitin Yadav: nitin.yadav@unimelb.edu.au
Last updated: 13 March 2025
Further information
- Texts
- Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available to Study Abroad and/or Study Exchange Students
Last updated: 13 March 2025