Understanding and Managing Innovation in Financial Technology

Leonard N. Stern School of Business

Leonard N. Stern School of Business

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Who should attend

Although there are no formal education or background requirements, this course is designed for executives who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

  • Years of Experience – Designed for professionals with 5+ years of work experience
  • Job Functions – Ideal for professionals who make business decisions that affect the firm’s financial results, are impacted by financial models, or are interested in the future of the financial sector
  • Prerequisites – Intended for professionals who want to develop a foundational understanding of financial technologies

About the course

FinTech and blockchain technologies have transformed financial services, disrupting every aspect of the industry from payments and wealth management to raising capital and market price discovery.

Taught by industry and academic leaders David Yermack and Kathleen DeRose, this course equips participants with an understanding of key FinTech concepts, strategies and implications. Participants will examine the evolution of financial technologies and digital currencies, and identify the pros, cons and opportunities surrounding these innovations. Participants will also learn about the regulatory frameworks currently in place to address privacy and law enforcement challenges. The course will close with a discussion from the c-suite perspective about the broader implications of artificial intelligence on future job markets.

Program Takeaways

  • Foundations – Understand what FinTech is, the opportunities it provides and how financial innovation differs from industrial innovation
  • Methods & Tools – Learn about the primary FinTech data science methods and tools and how they apply to real FinTech problems today
  • Implications of FinTech – Gain insight into the limits, risks and broader policy and social implications of FinTech, including regulation, privacy and data security

Agenda

Day 1

Session 1: Introduction to Financial Innovation

Innovation and Disruption in FinTech

  • What is FinTech? How did it arise and why do we need it?
  • How is financial innovation different than industrial innovation?
  • Understanding disruptive innovation in FinTech

Data Science and Machine Learning in FinTech

  • Basic overview of big data, data science and machine learning in FinTech
  • FinTech data science use cases

Session 2: FinTech Business Models

FinTech Case Study #1: Loot

  • B2C Digital Skin Bank for Millennials: Would You Invest?
  • How do early stage investors evaluate FinTech startups? What are the key success factors?
  • Understanding customer acquisition costs and customer lifetime value in FinTech

Session 3: Blockchains and Cryptocurrencies

  • How do blockchains actually work, and why is it such a valuable technology?
  • What governance issues occur with decentralized networks? How are these solved by mining and other new FinTech institutions?
  • How easily can this technology be adapted for use in the private sector and in government?

Day 1 Conclusion and Evaluations

Day 2

Session 4: Blockchains and Cryptocurrencies, continued

  • How do blockchains actually work, and why is it such a valuable technology?
  • What governance issues occur with decentralized networks? How are these solved by mining and other new FinTech institutions?
  • How easily can this technology be adapted for use in the private sector and in government?

Session 5: Smart Contracts and Dispute Resolution in FinTech

  • What are smart contracts, and how might they disrupt the insurance industry and others?
  • How can smart contracts work in conjunction with the Internet of Things (IOT)?

Session 6: Smart Contracts and Dispute Resolution in FinTech, continued

  • How do “hard forks” occur on blockchains?
  • What novel legal and regulatory problems have emerged in FinTech, and how are they impacting litigation and regulation around the world?

Session 7: Investing in Cryptocurrency and Initial Coin Offerings

  • What alternatives are in place for investing in digital assets, and for which customers do these products make sense
  • Why have ICOs grown so rapidly as a source of capital, and who are the investors?
  • What are the policy and regulatory frameworks that are in place right now? Are they sufficient?

Day 2 Conclusion and Evaluations

Day 3

Session 8: Investing in Cryptocurrency and Initial Coin Offerings, continued

  • What alternatives are in place for investing in digital assets, and for which customers do these products make sense
  • Why have ICOs grown so rapidly as a source of capital, and who are the investors?
  • What are the policy and regulatory frameworks that are in place right now? Are they sufficient?

Session 9: FinTech Business Models

  • FinTech Case Study #2: Trumid
  • B2B Corporate Bond Trading Platform: How Big to Succeed?
  • How technology transforms markets
  • Using technology to differentiate

Session 10: FinTech Valuation and Unicorns

  • How do FinTechs get funded and valued? Are they tech or fin?
  • How do FinTech unicorn bubbles and crashes happen?

Session 11: FinTech Implications & Future

  • What are the larger social implications of FinTech and, more broadly, the AI machine learning revolution?
  • Financial surveillance, algorithmic bias, and the future of finance jobs

Program Conclusion and Evaluations

Experts

David L. Yermack

David L. Yermack is the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business. He serves as Chairman of the Finance Department and Director of the NYU Pollack Center for Law and Business. Professor Yermack teaches joint MBA - Law School ...

Kathleen DeRose

Biography Kathleen is the Chairman of the Board of Evolute, a wealth management software startup. She leads the FinTech investment practice for Go Beyond, the largest pan-European Angel platform, and is a member of Goldenseeds, the New York based Angel group focused on female entrepreneurs. Her a...

Videos and materials

Understanding and Managing Innovation in Financial Technology at Leonard N. Stern School of Business

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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