Welcome - Introduction to FinTech COMM 2220   Introduction to FinTech
CREDIT HOURS: 3
This course exposes students to the rapidly evolving FinTech landscape. We examine the main changes happening in the financial industry and the factors driving the unprecedented growth in the use of technology, what FinTech is, the main trends related to FinTech, the components of the FinTech ecosystem, and the emerging FinTech innovations. The first wave of FinTech led to the unbundling of banking, i.e., FinTech startups have challenged banks vertically on one of their core functions by providing better and cheaper options. This part will focus on FinTech companies competing with incumbents in the personal finance, payments, lending, capital markets, wealth management, insurance, and money transfer sectors. The next generation of FinTechs that are moving beyond their initial mono-product and into rebundling will also be examined. A distinctive component of the course will be focused on aspects around the launching of a FinTech startup, including early stage financing and valuation of FinTech companies. Throughout the course, students will be encouraged to think about the role FinTech can play in increasing Equity, Diversity, Inclusion, and Accessibility (EDIA) and meeting the UN Sustainable Development Goals.
FORMAT: Lecture
FORMAT COMMENTS: in addition to lectures, there will be case discussions and guest speakers
PREREQUISITES: At least second year standing