Abstract
This paper aims to share the experiences of developing the FinTech (Finance Technology) curriculum at a leading business school in the Middle East. This research paper presents the findings on various methodological issues of curriculum design, i.e., degree naming convention, degree structure, dissertation versus project, specializations. The objective of the current study was to develop a postgraduate curriculum for FinTech studies. The entire procedure was based on the notion of adoption to adaptation originated by the benchmarking approach using a comparative account of 22 universities offering FinTech Masters. A multipronged approach was used to study the existing FinTech curriculum and suggests the gap in the existing curriculum. Eight major areas are identified as the pillars of FinTech education, including FinTech, Business and Data Analytics, Programming using Python and R, Blockchain and Cryptocurrency, Artificial Intelligence, and Machine Learning, Information Systems & Technology, Regulatory Environment (RegTech), Quantitative Methods, Finance and others. Researching on new and emerging topics is always tricky. It is difficult for even FinTech students and aspirants to evaluate the quality of FinTech qualifications. People from different streams of education would like to join FinTech studies, and there is no standardization of professional association certifying FinTech Curriculum.
Highlights
Financial Technology (FinTech) could be considered the biggest revolution in the times to come, and it is becoming the most common manifestation of the latest phase of globalization in the modern age
The study explores how educational institutions and industry leaders are addressing the current FinTech curriculum problems. It highlights the various opportunities for FinTech-related education and training in the region
The findings reveal how educational institutions are addressing the needs of their students in terms of technical expertise
Summary
FinTech could be considered the biggest revolution in the times to come, and it is becoming the most common manifestation of the latest phase of globalization in the modern age. The term "FinTech" can be interpreted as the application of information technology in the fields of finance, financial innovation, and digital innovation, in addition to start-ups or, in other words, the financial service industry outside of banks (Lee & Shin, 2018; Suryono, Budi, & Purwandari, 2020). The rapid emergence and evolution of financial technology have raised significant concerns for businesses. One example of this is the rise of online loan services, which have caused controversy in various communities (Haddad & Hornuf, 2019; Suryono, Budi, & Purwandari, 2020).
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