Dr. Krause is creating a new FinTech Topics course that
will be offered in Spring 2019 at Marquette. Who says an old dog can’t teach new tricks?
| David Krause, Marquette University's Director of the Applied Investment Management (AIM) Program |
The Director of the AIM program, Dr. David Krause said recently, “The buy-side of the asset management
industry is under considerable pressure to reduce their costs given the incredibly low fees
being charged by index funds. They also need to demonstrate their value and to
improve transparency. We want to educate the next generation of asset managers
who will be operating in an industry that must deal with the disruptions that
will result from the new innovations in financial technology.”
While the industry is expected to continue to grow strongly (experts
predict a sustained cumulative growth in assets exceeding 6% annually,
resulting in a global Assets Under Management of over $110 trillion by 2020,
and $145 trillion by 2025), asset management clients (institutional and retail) are
becoming increasingly demanding, diverse and knowledgeable – and their
expectations of investment outcomes is higher.
Krause said "They will not tolerate poor customer service and today's investors expect to interact immediately with their investment advisors via digital mechanisms (including social media). The demands that will be placed on the buy- and sell-side of the investment industry are huge."
Krause said "They will not tolerate poor customer service and today's investors expect to interact immediately with their investment advisors via digital mechanisms (including social media). The demands that will be placed on the buy- and sell-side of the investment industry are huge."
Dr. Krause’s course on FinTech Topics which will be taught in the Spring 2019 semester, will focus on these issues. "This should provide an enormous opportunity for those students who understand the future changes that are taking
place and who can adapt. They still have time to become FinTech savvy."
There will soon be a growing demand for graduates entering the
industry who are stronger in their understand of the technology which will reduce
costs in the industry - while also understand the process of improving the
quality of services delivered. Coding and programming are also likely to be required skills of the financial analyst - see another recent AIM blog on "Here Come the Quants".
Krause's course will focus on a range of new technologies and topics (including algorithmic and dark pool trading) that
are emerging in order to meet this challenge. The application technologies highlighted include:
- - Robotics / Machine-Learning
- - Big Data Analytics
- - Blockchain (Distributed Ledger Technology)
