TECHNOLOGY IN FINANCE

Course Objectives

  • To provide a strong understanding of what’s happening in fintech
  • To discover fundamental drivers of technology such as artificial intelligence
  • To leverage financial innovations’ disruptors within a competitive landscape

UNIT I Introduction to Fintech

Meaning of Fintech - Why FinTech – Fintech Evolution - FinTech companies, The Future of Data-Driven Finance – The future of transactions and marketplace

UNIT II Technology in Banking Industry

CBS - P2P Payment systems, Payment Banks; Digital Wallets;, mobile banking; FinTech in NBFC segment: Consumer and SME finance – eKYC, eSign, eNACH, India Stack, Monitoring Retail Credit through Technology

UNIT III InsurTech

FinTech in Insurance Industry – P2P Insurance, On-demand insurance, Claim Management, Technology reshaping insurance industry, leading innovation in non-traditional insurance, Using predictive analytics in insurance.

UNIT IV FinTech Driven Equity Advisory

FinTech in Wealth Management Industry – Financial Advice, Automated Advice, Equity Research FinTech; Alternative Finance: Microfinance, Peer-to-peer lending, Crowd-funding; Fintech in Mutual Funds

UNIT V Changing Fintech Landscape

Blockchain technology – Fintech and Hyper personalization using Big data – Robotics process automation – Conversational interface – Mobile payments interface

Learning Resources

  • Seth Swanson, “FinTech: For Beginners! Understanding & Utilizing The Power Of Financial Technology”, Kindle Edition, 2016
  • Agustin Rubini, “Fintech in a Flash: Financial Technology Made Easy”, Banking Innovations, Kindle Edition, 2017
  • Theo Lynn, John G. Mooney, Pierangelo Rosati & Mark Cummins (Ed), “Disrupting Finance: FinTech and Strategy in the 21st Century”, Palgrave Macmillan, Studies in Digital Business & Enabling Technologies) Kindle Edition, 1st Edition, 2019.

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