Sunday, September 2, 2018

New FinTech Course is Being Developed by David Krause, Marquette’s Director of the Applied Investment Management (AIM) Program

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?

Image result for david krause marquette aim program
David Krause, Marquette University's
Director of the Applied Investment
Management (AIM) Program
The global asset management industry is growing and changing rapidly – and the Applied Investment Management (AIM) program at Marquette University is adapting… as it always has.

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."

Blockchain Future Technology
"The combination of strong growth, greater client expectations and massive cost pressures is changing the industry right before our eyes," he said. "And because the AIM program has always been on the leading edge of change within the academic investment industry, we are changing too."

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)

Krause added, "The course is in the development stage presently, but I'm working with a major FinTech software company on course content, so we will be ready with a brand new curriculum by the beginning of the spring 2019 semester."

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