Sunday, March 3, 2019

On March 1st, Dr. David Krause, AIM Program Director, Updated Members of Marquette's Finance Advisory Board on the New FinTech Topics Course

Marquette's Department of Finance Advisory Board Met on Friday, March 1st

Dr. David Krause, AIM Program Director, Updated Members of the Finance Advisory Board on the New FinTech Topics Course

David Krause presented to the Finance Advisory Board
about the FinTech Topics course
Dr. Matteo Arena, Chair and Associate Professor of Finance at Marquette University’s College of Business Administration hosted the winter/spring 2019 Finance Department Advisory Board meeting on Friday, March 1st.

The meeting opened with Dr. Krause talking about his new course (FINA 4931: FinTech Topics) that he developed and has been teaching this spring. Krause stated, “The courses seeks to provide exposure to the new tools of the trade. FinTech is making considerable inroads and I believe we need to prepare our students appropriately for the changes coming within the industry.”

He continued, “This course presents an overview of new ways that technology is affecting the role of a financial analyst. Specific topics include big data, machine learning, artificial intelligence, cryptocurrencies and robo-advising.”

Krause noted that the CFA Institute is beginning to incorporate some FinTech topics within its curriculum – and will be testing on these topics as soon as June 2019.

“By adding these topics in the curriculum, the CFA Institute is recognizing that even generalist investment managers need to be exposed to the changing world of technology-driven investing and portfolio management. This expanded coverage of fintech supplements existing coverage of algorithmic and high-frequency trading in the Level II CFA Program exam curriculum,” Krause added.

“While the AIM curriculum has always included significant coverage of quantitative methods used for forecasting, valuation and related financial analysis, this additional coverage of new technology will make the curriculum richer and reflects current trends in the financial services industry.”

Members of the Finance Advisory Board include :

Rick Broeren – BNP Paribas – Board Chair
Michael Adam – BankMyBiz
Frank Esposito – The Windsor Group
Sarah Grooms – Wintrust
Amie Hahn – Northwestern Mutual
Jerry Harried – Uline
Bob Hau –– Fiserv
Scott Hawig –Froedtert & Medical College of Wisconsin
John Madden –FNBC Bank & Trust
Doug Neis –Marcus Corp
Stanley Nunoo –BlackRock
Guido van Hauwermeiren –Société Générale
Kathy Vorisek – Mesirow Financial
Jeff Wuest – SynFiny Advisors

Krause proposed a FinTech Topics course be made available to all Finance majors at Marquette beginning next term. He said, “While the term “FinTech” is used to refer to a broad spectrum of topics, the Marquette AIM/Finance curriculum will focus on:

  • ·         Investment tools: Use of how machine learning, big data analysis, and artificial intelligence can improve the performance of analysis and forecasting models.
  • ·         Portfolio management: robo-advising and the automation of many routine tasks previously performed by analysts.
  • ·         Capital markets: blockchain, cryptocurrencies, cybersecurity and regulation.”