FinTech Is Set to Flourish!
In recent years, with the rapid development of financial technology industry, or FinTech, it has been on Chinese government’s agenda to promote FinTech sector. In 2010, the Ministry of Science and Technology issued the Notice on the Pilot Implementation Plan for Promoting the Integration of Technology and Finance. In 2018, the 19th National Congress of the CPC proposed that FinTech should be the development direction of the financial market. Today, FinTech has been integrated into all aspects of society, which is set to reshape the whole financial industry. Technologies including mobile payment, electronic money, Blockchain, financial big data, machine learning and cognitive computing have been widely applied to the financial industry. The tech-driven finance also highlights the need for greater versatility in the skills portfolios of financial professionals.
10 fields of CBI FinTech
Behind flourishing FinTech sector is an acute talent gap!
According to a report by Michael Page, a leading professional recruitment consultancy in 2017, there is a shortage of 1.5 million FinTech talents in China. In addition, according to the 2017 global FinTech Talent Survey released by PwC, 71 percent of respondents from financial institutions in China are struggling to find the right FinTech person for the job.
In response to the changing demands of the financial market, world top universities such as Oxford University, Imperial College London, Princeton University, New York University and other well-known business schools have successively opened FinTech courses to nurture talents and meet the market demand.
FINTECH Program in New York University
SISU has introduced FinTech MBA in July,
perhaps the first of its kind in China!
Given the talent shortage, SISU MBA program decides to add FinTech as one major to the current MBA training module based on extensive research and investigation of its development. The new major is underpinned by studies of technology under the division of Management Science and Engineering. Four new courses are offered in this new program, namely, Quantitative Technology and Program Trading, Big Data Financial Analysis and Decision-making, Artificial Intelligence and Finance, as well as Blockchain and Digital Currency Application. The FinTech major aims to provide students with the opportunity to grasp traditional finance knowledge while also developing a technical background to complement their knowledge. This major will allow students to gain a thorough understanding of how these technologies are disrupting financial industry, and how to respond by promoting the integration and development of finance and technology. The instructors are senior managers of the global top financial institutions, such as the Ping An Group, the Swiss Bank, and the Bank of China, as well as experienced technical experts of the FinTech industry.
