Financial Technology (FinTech) has its origins in the 2008 Global Financial Crises where the Financial Markets collapsed, traditional banks and financial institutions came under heavy regulation and many white collar finance jobs were lost. The same talent created startups using disruptive technologies that made Banking far more economical to the masses – basically the digitalization of all processes like Commercial (SMB) Lending, P2P Lending, Raising Capital (Investment Funds, Robo advisory firms, even ICOs), Crowdfunding, Payments, Insurtech and RegTech to redefine and remove the inefficiencies that have prevailed in the past. In China, the technology company driven entry into financial services is called TechFins and originate from BAT (Baidu, Ant Group and Tencent) and GAFA (Google, Apple, Facebook/Whatsapp and Amazon) in USA while the Indian FinTech market is microfinance led using Aadhaar Pay technology for authentication and UPI-based micro payments.
FinTech is now one of the key buzzwords used in corporate and startup circles. Payments has been one of the largest segments with players like Stripe and Square dominating online and offline payments while the GAFA companies introduced Apply Pay, Google Pay, Amazon and Whatsapp (FB) Pay along with Alipay and WeChat Pay among the TechFins. After the need for credit in terms of Credit Card and Personal Loans was offered only to high credit score consumers, the need for deferred credit without a formal credit card came in the form of Buy Now Pay Later (BNPL) segment. Payment players like Klarna who were in POS Lending with 90 million customers started offering 3 schemes in BNPL and its market value grew sixfold to US$ 30 Billion. Square POS acquired the #2 BNPL company Afterpay in Australia with 16 million customers at a valuation of US$29 Billion which has started a slew of consolidations in FinTech. The ever evolving landscape and growth in this segment of Financial Services throws up employment opportunities for Business (MBA/BBA) students apart from developers with an engineering background.
JAGSoM introduced the Financial Technologies (“FinTech”) Superspecialisation along with our FinTech elective in 2020. In the first year, our partner school was ESCP Business School, London and in 2021, it was Darden Business School, Charlottesville, USA. The objective of the Superspecialisation is for JAGSoM Finance students to fit into identified Fintech roles in industry to get a deeper understanding of prevalent business FinTech models globally through an immersion program with the Partner School, mentoring by faculty from both schools as well as working on a live industry (Capstone) project with Indian FinTechs. In 2021, the focus was on Alternate Lending (Lending Fintechs).
(Partner University – Darden UVA)
FinTech Business MVP Creation and Group Exercises - Post-Immersion
FinTech Startup Creation
Business Requirements and Product Management
Collaborative Courses (Knowledge Partner SimpliLearn)
Associate Professor and Chairperson – Finance Area
Education: PGDM (Finance), IIM Ahmedabad B.Tech (EE), IIT Bombay
Soumya Choudhury has 23 years of corporate experience in Management Consulting, Investment Banking/ M&A, Automotive Industry and in Information Technology.Soumya has been associated with JAGSoM over the past 2 years teaching various courses in Supply Chain, Analytics and Blockchain / FinTech.
Professor of Business Administration Peter M. Grant II Bicentennial Foundation Chair in Business Administration
Education: Ph.D., Boston College
Loutskina's research focuses on financial intermediation. Her research interest includes securitization, commercial banks strategic management, consumer finance, mortgage markets, small business lending and regulation of financial intermediaries.
Assistant Professor of Business Administration
EducationB.A., Renmin University of China; M.Sc., Hong Kong University of Science and Technology; Ph.D., University of British Columbia
Ting Xu is an assistant professor of finance at the University of Virginia, Darden School of Business. His research focuses on entrepreneurial finance, FinTech and family firms. His work has explored angel financing and crowdfunding.
Adjunct Professor - Finance
Education: PGDM (Finance), IIM Bangalore B.E., BITSPilani
Prashant Goyal is a Private Equity professional and an Adjunct Faculty at IFIM with an industry and teaching experience of over 30 years. Prashant has been an Adjunct/ Visiting faculty to other tier-1 business schools, including IIM, Bangalore; IIM, Vizag and IIM, Nagpur.
Professor - Digital Business
Education: Ph.D., Management Studies, Karnataka University, India MBA, Operations Management, University of Mumbai, India MTech, Production Engineering, Indian Institute of Technology Bombay, India B.E, Mechanical, University of Mysore, India
Sundar Vijayanagar has over 12 years of academics/ teaching experience in various capacities. His academic affiliations include institutions like Manipal Academy, ICFAI Business School, Bombay University and VTU. The past five years Dr. Sundar held senior academic leadership position.
Assistant Professor - Finance
Education: MBA, Finance, Kuvempu University, India B.Com, Kuvempu University, India
Parameshwar HS has 20 years of professional experience in the areas of Sales, Consultancy, Financial Market Data Operations, Program Management, Start- up / Entrepreneurship, and Education Management.
Scope for Digital Lending
Digitalisation of MSME Credit
End to end digitalization of Lending
Insurance Business Development
Feasibility of setting up a new line of business in insurance BD
Credit Scoring Model Improvisation
Evaluation of Underwriting and Credit Scoring Infrastructure
Customer Persona & campaigns for 2W Elec Loans
Building customer persona and running campaign for New Segment (Electric 2W)
Data and Visualisation of mapping Past Customers
Building better features for relating with Bureau Credit Scores of past customers