Fintech refers to financial sector innovations involving technology-enabled business models that can facilitate disintermediation, revolutionize how existing firms create and deliver products and services, address privacy, and regulatory challenges, provide new gateways for entrepreneurship, and see opportunities for inclusive growth. Fintech is also the label for increasingly technological approaches to the main financial intermediation functions: payments, capital allocation, money transfers, managing uncertainty and risk, market price discovery, and mediating information asymmetry and incentives. In today’s fintech businesses, consumers
The next evolution of Financial Services
bank via mobile apps, institutions trade electronically, and robo-advisors make decisions about investment portfolios.
This experiential learning course is intended to immerse students in a semester-long project evaluating fintech innovation projects at a major global bank. The projects will enable the partner bank to develop a deep understanding of the financial services customer of the future, and the products and services the financial institution of the will need to deliver.
Whether students are going into the finance or data science fields, this course will show you how to break a complicated problem into pieces that can be individually and methodically addressed. We will discuss how to gather the right data to build a relevant fact base which can be used to drive key conclusions.
This course is led by Kathleen DeRose a professor in the Department of Finance, and additional Stern and outside experts, alongside the bank partner. The goal of this course is to help students structure their thinking when approaching fintech problems, and ultimately to produce effective proposals, in the form of a final project document, for the bank partner.