Fintech: Technology Innovation in Financial Services (2235.YR.004002.1)

General information

Type:	OPT	Curs:	1	Period:	S semester
ECTS Credits:	3 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Year 1	Luis Javier Rodriguez Gutierrez	Esade	ENG

- basic finance concepts
- basic algebra

- None

The course aims to give an insight in the financial technology revolution, and the disruption, innovation and opportunity therein.
This course will aggregate diverse industry expertise into a single informative course to provide students with the answers they need to capitalize on this lucrative market. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned.

At the end of the course, students should:

1. Be familiar with the basic requirements and architecture behind big data, machine learning and their application to the fintech industry

2. Understand the different elements that come into play when devising a fintech solution in a company

3. Acquire a basic understanding of the infrastructure and the tools that are necessary in a company to deliver successful fintech products and services to the market.

1. Introduction to Fintech ¿ Introduction to the course ¿ An Overview of FinTech & Market Size: understand the different forces shaping this sector and the key players and its evolution. Investment flows and market size

2. Wealth management and Robo advisor ¿ Business Side of WealthTech and Wealth Management Technology Overview. ¿ Technologies disrupting Personal Finance Management ¿ Robo Advisory, FinTech ¿ List of Companies Working in WealthTech Space and Use Cases ¿ Analyze the building blocks of Robo-Advising ¿ Assess the benefits and drawbacks of traditional investment advising ¿ Discuss how robo-advisers deliver high impact investment advice at high volume and low costs

3. Raising money with Fintech ¿ The P2P Economy: Vertical Insurgents ¿ Lending ¿ Foreign Exchange (FX) ¿ Factoring ¿ Crowdfunding

4. Building a Fintech ¿ Framing and Pitching your Idea ¿ Competitive Analysis ¿ Strategic Analysis ¿ Market Forecasting ¿ Marketing of Financial Services ¿ Most Influential Fintech Companies and Persons ¿ Most Funded Fintech Sectors ¿ Fintech Locations ¿ Investors: Business Angels, VC Firms ¿ Selling your Idea to Inspire Action: Pitching to Customers and Pitching to Investors

5. Artificial Intelligence and finance ¿ Understanding the use of AI in finance ¿ Machine Learning in Finance: HSBC Kinetic ¿ Considerations when using AI

6. Dealing with Data (the unknown gold mine) ¿ Big Data and Machine Learning ¿ Personalization ¿ Recommendations ¿ Behavioural Marketing ¿ Credit Modeling ¿ Risk Management ¿ Case Study: Strands Card-Linked Offers (When Retail Meets Banking)

7. Regulatory Frameworks for Fintech and AI ¿ Regulatory landscape of Fintech, Data and AI in Europe

8. Payments Industry and Ecosystems. Blockchain ¿ Different payment methods. ¿ The current payment system: Actors and processes (authorization, authentication, clearing and settlement) ¿ Business models (how the different actors earn money) ¿ The future of payment methods: role of new players (square, stripe, etc), P2P, wallets etc ¿ Blockchain adoption in financial services and use cases for banks / Fintechs ¿ Potential use cases in Insurtech, Healthtech, Fintech

Lectures are divided into master classes, guest lectures and practical sessions

- Susanne Chishti and Janos Barberis. The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries, Wiley, ISBN: 978-1-11-921887-6, 2016

Group	Teacher	Department
Year 1	Luis Javier Rodriguez Gutierrez	Esade