Title: Lecture hours: Study period: Level: Location: Assessment: Language: Prerequisites: Learning activities and methods used Course content: Information Technology in Finance 15 h lectures, 30 h computer labs III year, V semester Bachelor Studies in Finance Wrocław University of Economics Projects English Information Technology, Basics in Finance Lectures and animations: hardware, software, algorithms Computer labs: Oracle, Ninja, Orange, Weka, Statistica The Internet and Web services Business Information Systems This lecture presents the concept of Information Systems (IS) taking into consideration organizational, technological and management perspectives. The major business functions of IS such as sales and marketing, manufacturing, finance, accounting are illustrated. The processes in the transactional systems, Decision Support Systems (DSS) and Business Intelligence solutions are detailed. The database and warehouse technologies are presented using Oracle Database Management Systems. The knowledge discovery methods and techniques are introduced, in particular data mining algorithms and applications applied in finance. Definition of particular activities of knowledge discovery from databases is discussed, with more detailed picture of most important techniques, applications and IT terms. Topics will include the XML documents, the role of metadata, handling missing data, and data preprocessing. In the lectures and computer labs the financial databases and services such as Bloomberg, Datastreams, Yahoo Finance will be used. A special attention will be given to rule discovery from databases and frequent pattern recognition. The examples will be given using credit scoring, client transaction databases, analysis of financial time series, bancruptcy prediction, anti-money laundering discovery, e-commerce and Web data. The final grade is to be based on three assignments. Learning outcomes: International perspective Corporate relevance Contact person: Basic Literature: Advanced Knowledge about IT in Finance. Knowledge of database systems – SQL Oracle Knowledge of Web services, the Internet - Yahoo Overview of financial applications Concepts and IT tools used internationally in finance Useful methods and techniques used in finance. Analysis of financial information services Financial databases Prof. Jerzy Korczak http://ue.wroc.pl Freedman R.S., Introduction to Financial Technology, Elsevier 2006. Bailyn R., Navigating the Financial Blogoshere, Wiley, 2007. Van Viet B., Hendry R., Modeling Financial Markets, McGraw-Hill, 2004. Laudon K.C., Laudon J.P., Management Information Systems, Pearson, 11th ed., 2010 Korczak J., Roger P., Stock Timing using Genetic Algorithms, [in] Journal of Stochastic Models in Business and Industry, 18, pp.121-134, 2002.