About This Course
This module examines three aspects of Global Banking – Private Banking and Wealth Management, Retail Banking and Financial Inclusion. Each aspect will include discussion on the impact of developments in technology and digital banking, and incorporate Islamic Banking products in the appropriate context. The module will examine the wide panorama of the banking world - from High Net Worth Individuals (HNWI) to Financial Inclusion. Throughout the module relevant case studies will be used from various geographies to illustrate the changing face of retail banking.
Private Banking and Wealth Management will consider the relationship between Private Banking and Wealth Management under the impact of technology which result in changes in the nature of service provision. The demands arising from customer demographic changes, including the emergence of ESG considerations, will be examined for their impact on product design and provision. Changing patterns of cross border financial flows will be examined, together with their implications for regulation and Anti Money Laundering (AML). Islamic Finance and Banking for HNWI will be considered as an integral part of the discussion.
Of all banking sectors Retail Banking has probably seen the most changes worldwide over the last three decades, with shrinkage in branch banking and greater emphasis on online banking services. The module will examine the challenge of providing banking services in sparsely populated areas, including the opportunities to serve Unbanked communities globally. The Retail Banking space will be surveyed to appreciate competitive pressures and profitability driving change, including the introduction of ESG considerations, impact of technology and mobile service access, the emergence of Digital only/Challenger banks, and Islamic Banking retail equivalents. These changes will be examined as challenges for banking regulation and capital requirement.
The level of the Unbanked Population globally will be examined, and related to Financial Inclusion as a key part of the UN SDGs (United Nations Sustainable Development Goals). The growth of microfinance in the last four decades, often enabled by technology which has mitigated service provision costs, will be reviewed together with the need for supporting smart phone infrastructure. Developments in microfinance, mobile banking and microinsurance applications will be considered with appropriate reference to Islamic banking products and sustainability criteria. Case studies from Bangladesh, Ethiopia, Kenya, and Pakistan will be critically reviewed, including possible pathways from microfinance to conventional retail banking.
Learning Outcomes
- Critically analyse recent developments and future potential in global banking, specifically private banking and wealth management, retail banking, and micro-finance for financial inclusion
- Critically review the nature of competition across the banking panorama, and the challenge this presents for regulation - particularly for digital-only activities
- Evaluate the empowering potential of technology to improve service provision, whilst also widening access
Learning Methods
This module is delivered through means of distance learning and on a part time basis, where you can study at your own pace, no matter where you are in the world. A combination of interactive classes and recorded lectures are provided throughout the 6 months semester, providing participants with a good work-life balance.
Blackboard is the virtual learning environment (VLE) used by Bangor University where each module benefits from a bespoke area within the platform where all study resources are held. Resources include study guides, e-textbooks and access to the online library.
Means of Assessment
This module is assessed by means of a single mini project of 3,500 words in length.
This module is offered as part of the syllabus on the Chartered Banker MBA (CBMBA) programme. Should you wish to advance to the CBMBA, successful completion of this module will provide an exemption to this module.
Course Cost
The cost of this course is £1,700
Entry Requirements
Aimed at mid-career professionals working in the financial industry or regulation. Entry consideration will be given to individuals with minimal experience or qualifications.
English Language Requirements
Applicants must have a high level of fluency in the English language. The English language tests we normally refer to are as follows;
- IELTS: 6.0 (with no element below 5.5)
- Pearson PTE: a score of 56 (with no element lower than 51)
- Cambridge English Test – Advanced: 169 (with no element lower than 162)
Application
How to Apply
Please make sure you read and follow the step-by-step application guide as this will specify which sections of the application form are compulsory for the type of course you want to apply for and save you time.
Please prepare the following information (in a Word document):
- Current employment details;
- Years of experience, and employment history (where relevant)
- Name of staff member and organisation that have approved your funding for this module.
This will speed up the process of completing the application form.
To apply for this course, you need to create an account in our APPLICANT PORTAL
You will need access to the email address you specify while creating your account to confirm it.
After creating an account, you will see a homepage with several tabs:
- Personal
- Programme
- Info
- Contact
- Education
- Employment
- Language
- Finance
You need to complete all sections before submitting your application.
When a section is complete, a ‘tick’ symbol will appear below it.
- Click on ‘Non-graduating applications / Stand alone Modules’, then select ‘Non-graduating Undergraduate’.
- In the next section, select Non-Graduating Taught Modules, Click Save and Continue.
- On the next page, the default for the first question is Full Time. You need to change this to ‘Part time’:
- You now need to input the module code. Aspects of Global Banking: the code is ASB-9052. This section must be completed for your application to be processed.
- You also need to state the start date. Please make your selection, then click ‘Save and Continue’.
- IMPORTANT: You do not need to write a personal statement to apply for this course. Instead, please upload the document including employment, experience and education information that you have created prior to starting the application that contains the name of your current employer, the number of years of experience you have, and your highest qualification to date. Click Save and continue.
You only need to enter the details of your highest qualification to date, e.g. if you have a postgraduate qualification, please only only include this.
You will be asked for evidence of the qualification. Please either upload a copy of your qualification if it's easily accessible, or upload the Word document again (that you prepared earlier).
(details not required as you've already prepared this)
Please scroll to the bottom of the page and click on ‘I have no employment history’ (as you have already provided this in your Word document).
please answer the questions as follows:
- How will you finance your studies?:
- Exact name of funding authority:
- Country: United Kingdom
- Give details of the amount of the award?
- Sponsorship will cover: Tuition Fees
- Have you been awarded this funding? Please select ‘yes’ * Note that you will be required to upload evidence of the funding. If you wish to confirm ‘yes’ to this question, but do not have any written confirmation to upload, you can upload your Word document here again.
If you are self-funding, please provide all details as appropriate.