Electronic markets. Digital cash. Open banking. Automated investing. These are just some of the latest disruptions to the financial services industry. But how do these new technologies actually function? What are the implications for banks, businesses, and consumers? And, perhaps most importantly, what are the limits, risks, and societal implications? Whether you work in finance or tech, hope to have a career in fintech one day, or want to learn more about this emerging area, Fintech will answer these questions and more.
Fintech is divided into six sections focused on key fintech areas: innovation, technology, incumbents vs. startups, valuation, risk, and implications. Each section contains lessons with video lectures, readings, and assessments to facilitate learning. Students will also have the option of attending live online meetups with Professor Kathleen DeRose where additional questions and topics will be addressed.
Read our recent Q&A with Professor DeRose here.
In 2001, Stern became the first business school to establish its own center for exploring new models in teaching and learning. The NYU Stern Learning Science Lab is a team of creatives, educators, designers, and technologists who work closely with faculty to create engaging and interactive courses. Leveraging the resources of Stern and NYU at large, the team applies their expertise in user experience design, learning science, and video production to build immersive digital learning environments for business school education.
Online Learning Terminology
The term "asynchronous" refers to courses or course elements that can be completed at any time within the parameters of the course schedule. Asynchronous activities are things you do independently, like watch videos and complete assignments, and interactions with others over time via email, discussion forums, collaborative documents, and other channels. The term "synchronous" refers to learning with others in real time using videoconferencing and other technologies. Our online certificate courses are asynchronous with optional synchronous elements.
This course is a non-credit, pass/fail program. To pass this course, you will need a cumulative score of at least 55%. Upon successful completion of this course, participants will receive the NYU Stern Certificate in Fintech.
Fintech Innovation and TechnologyDistinguish between financial and industrial innovation, the pros and cons of financial innovation, and its evolution and technologies.
Incumbents, Startups, and the Challenge of ValuationGain an understanding of how Fintech is reconfiguring financial services business models and whether these business models will be meaningfully different than traditional financial services models.
Fintech Risk and Policy ImplicationsIdentify the operational and technology risks of Fintech and its broader policy and social implications.
Who Should Attend
Although there are no formal education or background requirements, this course is designed for participants 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 ExperienceParticipants with all levels of work experience are welcome to attend
Job FunctionsIdeal for students seeking a general overview of Fintech, and for students planning for future in-depth study of any of the key topic areas
PrerequisitesIntended for individuals with general knowledge of the financial system and of basic finance concepts; additionally, students must have a desktop or laptop computer with an internet connection
The following agenda is a sample and subject to change.
- Module 0: Introduction
- Fintech's Promise
- The Future of Finance
- The Future of Finance
- The Future of Finance
- Fintech Failures
- Fintech Frontiers
- In order to access the course, you will receive login credentials via email on the start date of the course. Activation instructions for your login credentials will be provided.
$1 Financial Times trail subscription is required for the Wirecard case in Lesson 5. You can cancel your free trail anytime within 4 weeks of activation.
Cutting Through the Fog: Finding a Future with Fintech (Darden Business Publishing). This is a Case Study that you are required to read in Lesson 1 and should complete before our first live class session on September 2nd at 11am EST.
Strongly Recommended Textbook
Duran, Randall E. 2017. Financial Services Technology: Processes, Architecture, and Solutions, 2nd Edition. Cengage Asia. Singapore.
Live Online Meetups with Faculty
- Our live online meetups provide you with the opportunity to engage face-to-face with Professor DeRose. Please note that all online meetups are recorded and available for your viewing at a later time. Missing a meetup will not impact your grade, however we recommend attending all sessions.
- Please expect to invest about 10 to 12 hours of your time per week to course lessons, exercises, and assignments.
Week 1: January 25th
- Innovation, Disruption and Adaptation
- On Your Own Assignment #1
- Quiz #1
- Live Online Meetup 1: Wednesday, January 27th at 11:00 AM ET
Week 2: February 1st
- Banking and Investing
- On Your Own Assignment #2
- Case #1
Week 3: February 8th
- Money, Markets, Marketplaces
- Trader Exercise
- Case #2
- Live Online Meetup 2: Wednesday, February 10th at 11:00 AM ET
Week 4: February 15th
- Borrowing, Lending, Valuation & Unicorns
- On Your Own Assignment #3
- Quiz #2
Week 5: February 22nd
- Pitfalls in Autonomous Finance, Risk and Regulation
- Transferwise/Travellex Exercise
- Case #3
- Live Online Meetup 3: Wednesday, February 24th at 11:00 AM ET
Week 6: March 1st
- India, China, and Emerging Fintech
- Final Exam
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