EXECUTIVE EDUCATION

Berkeley Fintech: Frameworks, Applications, and Strategies

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Course Dates

STARTS ON

June 9, 2021

Course Duration

DURATION

2 months, online
4-6 hours per week

Course Duration

Who Will Thrive at the Intersection of Finance and Technology?

The disruption at the crossroads of financial services and digital innovation offers business visionaries the green light to revolutionize the way consumers, investors, and the global banking industry create, manage, and exchange assets. But to drive this fintech revolution, you must be comfortable in the fintech landscape and ready to execute the maneuvers that take your company from traditional to digital, from startup to scale. Blockchain, artificial intelligence, mobile payment, and other fintech innovations offer financial services companies the opportunity to improve operations and customer experience, reduce inefficiencies, and increase revenue.

This program goes deep on both the financial considerations and the technological. You will learn to identify emerging trends and opportunities, the skills required to launch a fintech startup, and the key components of a successful fintech investment so that you and your company can thrive in the Fintech Revolution.

$54 million

Average funding deal for a fintech startup in 2020

SOURCE: Venture Scanner

$135.7 billion

Global fintech investments in 2019

SOURCE: KPMG

50,000

Technologists employed by JPMorgan

SOURCE: Reuters

Who Is This Program For?

This program is designed for any professional, investor, or fintech enthusiast who is interested in gaining a deeper understanding of fintech trends, ecosystems, tools, and methods of executing financial technology innovations. The program will be particularly useful for those in the following roles:

  • Mid- to Senior-level managers and fintech enthusiasts working in banking, investing, real estate, insurance, risk management, regulatory, and other fields in the financial industry
  • CxOs of fintech startups seeking to scale and grow their company by gaining knowledge of the fintech tools that can add value to their enterprise
  • Consultants seeking to create cutting-edge solutions for their clients in the fintech space
  • Anyone interested in a ‘ticket’ for the many lucrative opportunities in today’s hottest industry, whether for leading a fintech function, starting a fintech venture, or investing in fintech ideas

Representative roles include:

  • Managing Director
  • Consultant
  • VP of Finance
  • COO
  • Co-Founder
  • CTO
  • Product Manager
  • Emerging Technology Advisor
  • VP, Head of Product
  • Finance & Compliance Manager
  • VP, Strategy and Insight

Key Takeaways

In this program, you will:

  • Understand the trends, insights, tools, and technologies driving the fintech revolution
  • Gain insight into the current fintech ecosystem, including notable fintech companies and the fintech investing community
  • Analyze how fintech innovations (especially artificial intelligence and machine learning applications) are disrupting traditional banking and financial services, as well as new business models created by fintech disruption
  • Apply frameworks to identify and evaluate fintech innovation opportunities for your own organization or domain
  • Create innovative fintech strategies to differentiate your organization in the market or to build successful fintech companies

Program Topics

Th eight modules in this program are designed to help you synthesize various aspects of finance and technology, preparing you to propose a new fintech project for your business.

Module 1:

Introduction and the Fintech Revolution

Analyze how fintech reduces costs for customers and companies; expand your understanding of the economic, technological, and global factors driving the fintech revolution; and identify fintech’s segmentation.

Module 2:

The Fintech Ecosystem

Explore strategies to transform and disrupt financial and banking services; evaluate the major trends in fintech and the opportunities they present; and analyze how existing products can benefit from fintech trends.

Module 3:

The Economic Foundations of Fintech with Practical Examples

Calculate the valuation of a fintech company at different stages; develop strategies to generate network effects; compare blockchain systems; and evaluate how traditional financial products or services could benefit from crypto or blockchain innovations.

Module 4:

Key Data Science, with Applications to Real-World Fintech Problems

Identify the three pillars of data science and analytics; eliminate bias in a sample; understand reverse causality; design controlled experiments to implement A/B testing; explore machine learning and AI applications; and improve an existing fintech product.

Module 5:

Analytics Methods and Tools, with Applications to Real-World Fintech Problems

Consider the limitations of traditional questionnaires and administrative datasets; analyze transaction data and apply it to answer business questions; and use high-frequency fintech data to address challenges and do good.

Module 6:

Financial Literacy with Fintech Examples

Identify the components of financial statements; evaluate the Conceptual Framework; compare the balance sheet, income statement, and cash flow statement; analyze a fintech company’s financials; and apply financial statements to your own work.

Module 7:

From a Fintech Idea to Execution

Apply the Business Model Canvas (BMC) to fintech ideas; compare strategies to raise capital; understand how fintech investments are made; develop strategies to attract investors; and create a plan to mitigate challenges to the implementation of your project.

Module 8:

Fintech Success Factors and Strategies

Add value to your fintech application by applying top factors and strategies; leverage the ICO market in fintech applications; and create a plan to start a new fintech project or company, improve an existing fintech project, or analyze an existing fintech company.

Module 1:

Introduction and the Fintech Revolution

Analyze how fintech reduces costs for customers and companies; expand your understanding of the economic, technological, and global factors driving the fintech revolution; and identify fintech’s segmentation.

Module 5:

Analytics Methods and Tools, with Applications to Real-World Fintech Problems

Consider the limitations of traditional questionnaires and administrative datasets; analyze transaction data and apply it to answer business questions; and use high-frequency fintech data to address challenges and do good.

Module 2:

The Fintech Ecosystem

Explore strategies to transform and disrupt financial and banking services; evaluate the major trends in fintech and the opportunities they present; and analyze how existing products can benefit from fintech trends.

Module 6:

Financial Literacy with Fintech Examples

Identify the components of financial statements; evaluate the Conceptual Framework; compare the balance sheet, income statement, and cash flow statement; analyze a fintech company’s financials; and apply financial statements to your own work.

Module 3:

The Economic Foundations of Fintech with Practical Examples

Calculate the valuation of a fintech company at different stages; develop strategies to generate network effects; compare blockchain systems; and evaluate how traditional financial products or services could benefit from crypto or blockchain innovations.

Module 7:

From a Fintech Idea to Execution

Apply the Business Model Canvas (BMC) to fintech ideas; compare strategies to raise capital; understand how fintech investments are made; develop strategies to attract investors; and create a plan to mitigate challenges to the implementation of your project.

Module 4:

Key Data Science, with Applications to Real-World Fintech Problems

Identify the three pillars of data science and analytics; eliminate bias in a sample; understand reverse causality; design controlled experiments to implement A/B testing; explore machine learning and AI applications; and improve an existing fintech product.

Module 8:

Fintech Success Factors and Strategies

Add value to your fintech application by applying top factors and strategies; leverage the ICO market in fintech applications; and create a plan to start a new fintech project or company, improve an existing fintech project, or analyze an existing fintech company.

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Live Networking Opportunity Happy Hour

A unique live opportunity for you to interact with one another and build your professional network! Participants can interact with each other, and share personal backgrounds and thoughts on guided questions in an informal and fun way.

“This live event is another course differentiator that will give you a great opportunity to meet each other in a personal way to exchange ideas, develop personal connections, help each other with job or investment opportunities, and possibly meet up down the road,” Prof. Konchitchki said. “My vision with the live networking event is to bring a classroom experience where you all can see each other and connect with a personal feeling."

Case Studies

To gain a deeper understanding of fintech players and the playing field, you will examine several case studies from prominent fintech innovators.

Logo of the company Square to portray its case study

Square

Explore how the leading fintech company succeeded in gaining market share from its early stages of value proposition and MVP.

Logo of the company Venmo to portray its case study

Venmo

Explore how the popular digital wallet creates value through various components of its business model.

Logo of Ant Group to portray its case study

Ant Group

Explore the key features of the world’s largest fintech company, an affiliate of the Chinese conglomerate, Alibaba Group Holding.

Logo of the company Binance to portray its case study

Binance

Explore the rise and challenges ahead for this blockchain ecosystem, the world’s leading exchange for cryptocurrencies.

Logo of the company Fidelity to portray its case study

Fidelity Investments

Explore key concepts and frameworks related to how one of the largest financial services firms in the world manages innovation.

Logo of the company Marqeta to portray its case study

Marqeta

Explore how the modern card issuing platform distinguishes itself in the payments ecosystem to create competitive advantage.

Note: All product and company names are trademarks or registered trademarks of their respective holders. The study of these products and/or companies does not imply any affiliation with or endorsement by them.

Program Faculty

Yaniv Konchitchki

Tenured Associate Professor; Distinguished Teaching Fellow; Faculty Director, UC Berkeley Executive Education's Financial Technology (Fintech) Program; Faculty Director, Center for Financial Reporting & Management, UC Berkeley Haas School of Business

Prof. Yaniv Konchitchki is an expert in the interdisciplinary linkages between capital markets, finance, macroeconomy, financial & information systems technology, and financial reporting. His PhD is from Stanford’s Graduate School of Business (in Business Administration), and he also holds a CPA license and a Masters of Science from Stanford’s Statistics Department (in Statistics).

He has vast experience from academic and practitioner perspectives, and he is a founding father of Macro-Accounting, a new interdisciplinary research field that he has helped develop. His work focuses on the modeling and the resolution of real-world problems with the goal of enhancing decision making. His research expertise is in corporate financial reporting and analysis, interdisciplinary capital markets, valuation, financial technology (Fintech) & innovation, and macroeconomics. More info

Christine Parlour

Professor of Finance, Sylvan C. Coleman Chair of Finance and Accounting, Distinguished Teaching Fellow, UC Berkeley’s Haas School of Business

An expert in institutionally complex areas, such as market microstructure and banking, Prof. Parlour researches fintech, digital payments, credit markets, and finance and has served on the Nasdaq Economic Advisory Board and on the steering committee for the New Special Studies of Securities Markets. She holds a BSocSci from University of Ottawa, and an MA and PhD in Economics from Queen’s University.

Steve Tadelis

Professor of Economics, Sarin Chair in Leadership and Strategy, UC Berkeley’s Haas School of Business

An expert in e-commerce and the economics of the internet, Prof. Tadelis has conducted on-site research at Amazon and eBay and focuses his academic research on the economics of incentives and organizations, industrial organization, and microeconomics. He holds a BA in Economics from University of Haifa, an MSc in economics from Techion, and a PhD in Economics from Harvard University.

Shachar Kariv

Benjamin N. Ward Professor of Economics, UC Berkeley Economics

An expert in economic theory, experimental economics, and behavioral economics, Prof. Kariv focuses his research on social networks, social learning, and personal and social preferences. He has served as the faculty director of UC Berkeley’s Experimental Social Science Laboratory, known as Xlab, and is cofounder of Xmobile, a platform for social science research related to smartphones. He holds a BA in economics from Tel Aviv University, and an MA and PhD in economics from New York University.

Participant Testimonials

“The enthusiasm of Prof. Yaniv and the content were the best parts of this program. The fireside chats were extremely helpful.”

— Srini Tarinikanti, Chief Information Technology Architect at BCG Platinion

“I love the detail of this program and appreciate all of the real-world examples.”

— Ricky Graziosi, Technical Product Manager at PayPal

“I enjoyed being introduced to so many different platforms. The information about blockchain, and the parts on Data Analysis and reading Financial Statements have been useful.”

— Stephen Hine, Conversion Case Supervisor & Account Manager at SelectQuote Insurance Services

"Thank you Prof. Yaniv Konchitchki for putting together such a comprehensive and interesting course! I got to hear from innovators, VC partners, and other amazing professors on everything from factors driving the fintech revolution and trends, how to evaluate fintech companies, and even learned how to bring a fintech idea from inception to implementation – in which I am happy to say, I came up with an idea that may (key word) come to life! If you are looking to either enter or re-enter the fintech world or are looking to figure out how to bring your idea to life, take this course."

— Laura Dirtadian, Vice President, Enterprise Risk at Affirm, Inc.

"Very happy to complete Berkeley Fintech: Frameworks, Applications, and Strategies. Great learning about the opportunities and challenges presented by the financial industry and about frameworks and practical tools to evaluate and carry out projects within the Fintech sector. A big thank you to the amazing faculty team, specially Yaniv Konchitchki and Stephanie Pitts."

— Nicolas Mancini, Private Equity Associate at Inverlat Investments S.A.

"The experience has been invaluable. My understanding of the Fintech world has expanded exponentially. I'm getting acquainted with the language of this discourse and I will become fluent. I've attentively viewed, multiple times, the materials presented, and have been led to connect with some fascinating articles and valuable web content on the subject of Fintech. This course is a treasure."

— Beth Reed, National Sales Director at TRAVELING TEAMS, Inc.

"I wanted to reach out and thank you for the great course you have created. It was really a valuable course on different sections of financial technology. I really enjoyed the video lecture, especially yours, which was great and full of positive energy. My main goal was to learn about the latest developments in financial technology and use them in my research. However, this course motivated me to think about launching a startup in the future."

— Majid Maki-Nayeri, Postdoctoral Researcher, University of California, Berkeley

"First of all, the professor had so much energy and excitement around the topic, it was hard not to catch! I loved that there was plenty of quantified data, but then related to real world examples. I also appreciated that he always would define any acronyms or industry jargon."

— Participant, Cohort of September 2020

"I found the course content and structure effective for teaching me how to determine a startup's valuation. I don't have a finance background but this material didn't feel too overwhelming. I appreciated the office hours opportunity to revisit some of the material and in general help me feel connected to the content of the module and to my fellow students and the instructors."

— Participant, Cohort of September 2020

"This course was very well designed. It was fun and I was looking forward to every weekend to learn more. It was well balanced between lectures, assignments and fireside chats. Even though I was exposed to and working with fintech companies before taking this course, it was eye opening for me. I will be able to look at my company product, processes and business strategy with a much better understanding of competitive environment. Professor Yaniv and Stephanie were available to answer questions and help during the course, which I appreciate. This was 10 out of 10, huge impact, amazing learning, great network. Thank you UC Berkeley, Prof. Yaniv and the fintech team."

— Participant, Cohort of September 2020

"I am really enjoying this course and I find it very rewarding after only completing the first three modules. Prof. Parlour really has a deep understanding of finance and am enjoying to soak in as much knowledge as possible. This course is truly one of a kind."

— Participant, Cohort of December 2020

Certificate

Certificate

Get recognized! Upon successful completion of the program, UC Berkeley Executive Education grants a verified digital certificate of completion to participants. This program is graded as pass or fail; participants must receive 80% to pass and obtain the certificate of completion. This program also counts toward a Certificate in Business Excellence.

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Note: This program results in a digital certificate of completion and is not eligible for degree credit/CEUs. After successful completion of the program, your verified digital certificate will be emailed to you in the name you used when registering for the program. All certificate images are for illustrative purposes only and may be subject to change at the discretion of UC Berkeley Executive Education.

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