Banking, Finance &
Fintech Research Lab
Banking, Finance &
Fintech Research Lab
Do our kids understand money the way they should? Do they understand how our banking systems work? Do they have any idea about insurance, digital currency, wealth creation, or income tax?
Our Banking, Finance & Fintech Research Lab gives our innovators an understanding of ‘Money’ – the central driving force behind every human activity on this earth. This lab provides exposure to our young innovators to money, banking system, mobile payments, blockchain technology, and digital currency. The lab provides them with resources to gain knowledge on critical issues like how wealth is created, how economies work, challenges in developed & developing nations, differences between sustainable & non-sustainable economies, and others.
At our Banking, Finance & Fintech Research Lab, we provide our students:
• Domain-specific training.
• Activities to understand
domain concepts.
• One large project at
the end of the module.
• Domain-specific
training.
• Activities to understand
domain concepts.
• One large project at the end of the module.
• We leave our students by introducing them to some of the most pressing problems
in banking, finance, and fintech domain, encouraging them to find a solution later in their lives.
• We leave our students by introducing them to some of the most pressing problems in each domain, encouraging them to find a solution later in their lives.
- Introduce you to the basic and advanced topics of these domains through interesting modules.
- Introduce you to some of the challenges in these domains and encourage you to brainstorm ways to solve them.
- Enable you to find your passion early and enable you to make better and more informed career decisions later in your life.
Banking, Finance & Fintech Research Lab Curriculum
This curriculum is inspired from FNCE100 Corporate Finance – Wharton Undergraduate Finance
- The barter system and double coincidence of wants
- Need for money and its characteristics
- Understanding money
- Money as a store of value and medium of exchange.
- Development of paper money and origin of bank
Exercise: The barter system poses several challenges. Device a new type of barter system which is slightly easier to implement.
This curriculum is inspired from International Banking FNCE232 – Wharton Undergraduate Finance
- Section I
- Origin of a Bank
- Functions of a bank
- Credit Union
- Crowdfunding:
- Future of Banking – A fintech revolution
- Section II
- How do banks make money?
- Introduction to Fractional Reserve Banking
- Federal Reserve and its role in controlling the economy of the USA
- Section III
- An Introduction to Investment Banking
Exercise: Current banking system is based on interest. Devise different ways to raise the funds for a project.
This curriculum is inspired from Harvard Business School Fintech Course
- Introduction to Fintech | Fintech Explained
- How FinTech is Shaping the Future of Banking
- 15 Things You Didn’t Know About Fintech Industry
Credit Card & Crowdfunding - Crowdfunding – Success stories in Fintech
Exercise: Brainstorming Future Innovations in Fintech.
This curriculum is inspired from FNCE101 Corporate Finance – Wharton Undergraduate Finance
- Three forces that drive the economy
- How credit creates growth
- Economic expansion and recession
- Concept of de-leveraging and how to solve it The Lost Decade
- The financial system
Exercise: Brainstorm various parameters which impact the economy of a country and how they can be tweaked during a crisis.
This curriculum is inspired from Private Equity & Venture Capital – Harvard Business School
- What is the capital and what are the different types of capital
- Private Equity & Venture Capital I Capital Market
Exercise: Develop strategies to revive the business of a newly acquired property
This curriculum is inspired from FNCE100 Corporate Finance – Wharton Undergraduate Finance
- Introduction to Capital Budgeting
- Present Value and Future Value of Money
- Introduction to Capital Budgeting – YouTube
- Uncertainty and the trade-off between risk & return
- Working Capital Management I Optimal capital structure
Exercise: Devise capital budgeting strategies with an aim to keep the Sharpe Ratio as high as possible.
- How electronic payment work
- Participants involved in the payment processing industry
- Real-life example of how transactions work
- Payment Gateway
Exercise: Devise a point-of-sale payment system that does NOT need Internet connectivity to work or work through more innovative ways of connectivity.
This curriculum is inspired from FNCE202 Consumer Finance Decision Making – Wharton Undergraduate Finance
- Credit Cards – How Does a Credit Card Work?
- Student Loan – How Do Student Loans Work?
- Mortgage & Insurance
- Understanding Health Insurance
- Challenges in consumer finance
Exercise: Develop the best financial plan which pays for your college tuition in a given situation.
This curriculum is inspired from FNCE205 Investment Management – Wharton Undergraduate Finance
- What is an investment? | Investment Diversification
Asset Allocation | Risk and return - How Stock Exchange Works | Stock Market Explained
Exercise: Analyze how the stock price of the company is affected by fluctuations in external and internal factors.
- Introduction to Insurance and how does the insurance industry make money
- Emerging tech-trends in the insurance industry Insurtech Explained
- World InsurTech Report 2020: Critical times require a new mindset
- The future of insurance claims
- The power and potential of AI in insurance claims Disruptive trends in insurance industry
Exercise: Design an Insurtech system to settle vehicle accident claims in seconds.
This curriculum is inspired from FNCE100 Corporate Finance – Wharton Undergraduate Finance
- Introduction to Data Science
- Five ways data Science changed Finance
- Fraud Prevention and Data Science | Anomaly Detection | Customer Analytics | Risk Management | Algorithmic Trading
- Top 9 Data Science Use Cases in Banking:
Big Data and Analytics at Work in Banking:
Exercise: Brainstorm data science use cases to make life easier for customers and service providers in the banking and finance industry.
This curriculum is inspired from Harvard Business School Fintech Course
- What is a Blockchain and what problem do they solve?
- What is a smart contract & what problem do they solve?
- Introduction to Cryptocurrency
- How Blockchain enables Cryptocurrency?
- Could digital currencies put banks out of business?
Exercise: Use Blockchain to develop a system to prevent airplane parts overflying their age.
This curriculum is inspired from Harvard Business School – Leading with Finance
- Introduction and types of Financial Analysis
- Reading and understanding the balance sheet
- The cash flow statement
Exercise: Performing 12 types of financial analysis on a company’s balance sheet.
- Using credit cards wisely
- Prioritizing your expenses
- Investment decision
- Path to your first million dollar
Exercise: Develop your personal financial plan to be a millionaire by the time you turn 25 years.
