Georgia State’s Robinson College of Business Opens Fintech Lab
Data analytics, machine learning and blockchain technology will be important components of the lab, and collaborators will explore how these tools can help develop smart contracts and smart markets, support the study algorithmic trading, and help with credit risk modelling and lending decisions.
Robinson's lab will provide an applied, experiential environment in which students, faculty and corporate partners can experiment with the technologies transforming financial services, insurance and real estate. In initial projects, lab users will work with stock market, real estate, insurance contract and property sales data, as well as company financial documents such as
"This new lab is the next step in the strategy Robinson has been executing over the past two years of integrating computer science and related disciplines into the core activities of the business school to better prepare our students for the business environment of tomorrow," said
Uses of the fintech lab will vary by specialty.
Finance users will gain an understanding of the different layers of decentralized markets and obtain practical experience with the design and development of smart contracts in the new markets and economies based on blockchains. Among other activities, they will trade and settle virtual assets with private cryptocurrencies on secure blockchains linked to real datasets. They also will design and implement financial models on real events using decentralized applications.
Real estate lab users will simulate buying and selling residential real estate assets with real-time First Multiple Listings Service feeds. They also will learn how to value, negotiate, finance, settle, refinance, invest and operate their assets in the absence of third parties, with the lab simulating the roles of a central banker, tax collector and settlement agency.
Insurance and risk management lab users will apply blockchain technology to share insurance risks, settle insurance claims and apply machine learning techniques in quantitative risk management.
"We are encouraging our corporate partners to think of the fintech lab as an innovation garage where they can bring complex problems and collaborate with our data scientists and students to gain insights," said Phillips.
The lab is the first step in a larger initiative that will include undergraduate and graduate courses. A master's level fintech course will be offered in spring 2018.
"Students not only will learn about fintech," Phillips said, "they also will gain experience applying their knowledge to practical problems posed by our corporate partners."
The fintech lab will be housed in Robinson's
For more information, visit http://robinson.gsu.edu/fintech.
Read the full story at http://www.prweb.com/releases/2017/09/prweb14674685.htm
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