The University of Cape Town (UCT) has introduced a fintech degree, to equip students with financial technology skills to shape a sustainable career in the financial services industry.
The academic institution says it is the first university on the continent to offer the degree, which is “specifically designed” to equip students with the necessary skills and knowledge to embrace the technological revolution in the financial services sector.
The new degree, which is already in demand from potential students, is a Master of Data Science with a specialisation in financial technology, and will be offered for the first time in January 2018.
According to Business Insider, the innovation was a result of consultations between the institution and the financial services industry experts on the growing shift in demand for skills.
Students in the new UCT degree will master machine learning which is the technology driving innovations such as self-driving cars and speech recognition and will be able to develop their own applications tailored for the financial sector.
The Associate Professor and Head of the Department, Francesca Little revealed, “We started the MSc in Data Science to give students a thorough understanding of the latest methods in statistical learning. This includes the extremely exciting field of machine learning and artificial intelligence.
The idea then was to bring together UCT’s ‘best and brightest’ from other departments to design a degree that is truly special. We are delighted to partner with AIFMRM so that we are able to offer a specialisation in the exciting new field of Financial Technology.”