Earn a certificate from the Massachusetts Institute of Technology
MIT's mandate is to advance knowledge in areas that will serve to address the 21st century's great challenges by educating students in fields of scholarship that will best serve the world. To this end, MIT’s Experimental Learning (MIT XL) is collaborating with online education leaders, GetSmarter, to present this course entirely online and part-time.
Why this course?
In the last four years, venture capital investment in fintech has increased more than 600%.*
With billions of dollars flowing into the industry, fintech is positioned to disrupt major business models across several financial services and functions, including, but not limited to: banking, insurance, money transfer and payments, market provisioning, investment management, deposits and lending, as well as capital raising.
This certificate course from MIT, presented entirely online and part-time, is designed to demystify the disruption by enabling students to understand, experience and build the future of transactions and commerce. *source
This project-based course will offer you the opportunity to choose your own specialization - whether it be Money and Payments, Markets, Marketplaces, or Infrastructure - and, under the guidance of MIT faculty members, develop your own business case, venture plan or venture roadmap, which is a strategic assessment of a particular market area.
Through the course of this 12-week online class, you will be exposed to the future of money; with disruptive technologies, like blockchain, leading to the rise of new currencies. You will explore innovation in financial markets; how new technologies around data and analytics, for example, are creating the ability to predict the future price of a security with great accuracy. You’ll have an opportunity to understand how all of this serves and impacts small to medium-sized enterprises.
You’ll investigate what’s going on with identity, privacy and security, and other areas of financial infrastructure. You’ll also hear from some of the world’s leading minds on developing new policies around these areas.
Is this course for you?
This course is designed for finance, banking, and insurance professionals or consultants in the field who need to understand the fintech disruption and how the increasing pressure to innovate will influence business models, consumer behaviour, and the fundamental structure of the financial services industry.
Whether you’re a business leader or corporate executive who’s been tasked with helping management understand what’s going on in this highly chaotic environment, or simply trying to advance your career inside an organization by developing a new competency, this course is for you.
Similarly, entrepreneurs and innovators who have a novel idea and are seeking a platform from which to develop it, as well as the tools to pitch it to venture capitalists and the like, in a vivid, compelling fashion, will benefit from the hands-on, projectized nature of this learning experience.
What you will learn
- Module 1: Introduction to Fintech
- Module 2: Framing and pitching your idea
- Module 3: Disruptive business solutions
- Module 4: Competitive dynamics
- Module 5: Financial, economic and regulatory frameworks
- Module 6: Selling your idea to inspire action
- Module 7: Capstone project - strategic analysis*
- Module 8: Capstone project - competitive analysis*
- Module 9: Capstone project - Market forecasting, financial modeling and unit economics*
- Module 10: Consolidating your capstone project
- Module 11: Future directions
- Module 12: Wrap up and awards
*Over the course of Modules 7, 8 and 9, students will follow one of three unique learning paths. These learning paths will be based on the type of capstone project that groups are working on, namely crafting an innovation roadmap or writing a business plan.
Alex “Sandy” Pentland is founding faculty director of the MIT Connection Science Research Initiative, which uses network science to access and change real-world human behavior, and holds a triple appointment at MIT in Media Arts and Sciences, Engineering Systems Division and with the Sloan School of Management. Sandy is a founding member of advisory boards for Google, AT&T, Nissan, and the UN Secretary General, and a serial entrepreneur who has co-founded more than a dozen companies including two hedge funds.
Managing Director of MIT Connection Science
He leads other new initiatives for MIT, advises the European Commission on commercializing innovation and building regional innovation capacity, and counsels leadership at private and public companies on growth strategies.
Director of Digital Currency at the MIT Media Lab
Brian is currently the Director of Digital Currency at the MIT Media Lab, where he leads efforts to mainstream digital currencies like Bitcoin through research, and incubation of high-impact applications of the emerging technology.
Lecturer at MIT Media Lab
Lecturer at MIT Media Lab & Founding Research Fellow, Joost is an innovation ecologist studying and enabling both global ties and extraordinary effectiveness at all scales of action that matter, from invention in exploratory research labs and venturing in entrepreneurial startups all the way through orchestration of innovation ecologies regionally and globally.
Meet some of your guest lecturers - The worlds leading minds in Fintech
To ensure you grasp the full extent of the disruptive force that is Fintech, the MIT Fintech: Future Commerce online short course has gathered over 30 of the world’s leading minds in the field to share their knowledge and insights with you (in the form of guest lectures).
Founder and CEO, Circle
Co-Founder and Partner, Union Square Ventures
NICOLE VAN DER TUIN
Co-Founder and CEO, First Access
Co-Founder and CEO , Ripple
STEPHEN VAN COLLER
Chief Executive: Corporate & Investment Banking, Barclay’s Bank Africa
Founder and CEO, EverVest
Country Manager and Founder, Pluspeople Kenya
JIM ROBINSON IV
Managing Partner,RRE Ventures
Founder and CEO,Insurify