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Fintech is at the forefront of the digital transformation of the financial industry. Its impact is far-reaching, affecting how to bank, invest, pay, and access financial services. This digital revolution is creating opportunities, increasing accessibility, and driving innovation, however, it also brings regulatory challenges that need to be addressed.
In New Zealand alone, the University of Waikato has acknowledged its importance in the digital era. In light of this, the University of Waikato has established a new programme, the Bachelor of Banking, Finance & Technology (BBFinTech). This programme aims to equip students with the knowledge and expertise required in the dynamic fintech industry.
This degree addresses the growing demand for professionals who can navigate the intersection of banking, finance, and technology. The university believes that fintech has emerged as a pivotal driver of economic growth, and this programme positions graduates at the forefront of this rapidly evolving field. With a strong emphasis on real-world applications and hands-on experience, the BBFinTech programme ensures that students are well-prepared for the intricacies of the financial technology landscape.
“The financial operates in the digital era. Whether it is investment tools, cryptocurrencies, or payment methods, everything relies on digital technology,” asserted Matt Bolger, Pro Vice-Chancellor for the Waikato Management School.
The curriculum of this programme encompasses a wide range of topics, including financial management, digital banking, blockchain technology, data analytics, and regulatory compliance. Students will gain an in-depth understanding of the financial services sector while also acquiring the technical skills needed to develop and implement fintech solutions. Furthermore, the programme encourages critical thinking, problem-solving, and entrepreneurship, which are essential attributes for success in the fintech industry.
Graduates of the BBFinTech programme will be well-equipped to pursue various career opportunities within the fintech sector. They may find themselves working in roles such as financial analysts, risk managers, digital banking specialists, blockchain developers, data scientists, or compliance officers. As fintech continues to disrupt traditional financial systems and processes, the demand for professionals who can drive innovation and ensure secure and efficient financial services is on the rise.
Matt underscored, “The BBFinTech programme is set to address this essential skills shortage. Its graduates will play a pivotal role in driving innovation and progression for businesses.”
In 2022, a report revealed that among 200 New Zealand tech companies in their study, fintech firms collectively generated US$1.8 billion in export revenue. Additionally, the Reserve Bank of New Zealand’s examination of digital currencies signals an increasingly cashless future.
Furthermore, the University of Waikato’s commitment to fostering fintech expertise aligns with New Zealand’s broader initiatives to enhance its digital economy and strengthen its position in the global fintech landscape. The BBFinTech programme offers a gateway for aspiring fintech professionals to contribute to the industry’s growth and innovation. By offering this unique degree, the University of Waikato plays a pivotal role in nurturing the talent and knowledge required to propel New Zealand’s fintech sector into the future.
The BBFinTech programme will equip students with in-depth knowledge in areas such as financial markets, investment platforms, digital finance, banking operations, automated trading, blockchain technology, cryptocurrencies, cybersecurity, and a range of other critical competencies.
The growth potential in this sector makes it an option for students interested in technology and aspiring to build a career in this field, contributing to a workforce empowered by digital technology for the betterment of the finance sector in New Zealand.
