Experiential Learning in Payments
Students engage in a team-based interactive virtual experiential learning with a collaborating industry partner to gain on-the-job experience. A virtual collaboration platform is used to enroll, onboard, empathize, reboot, experiment, and deliver business solutions for client problems. Students get mentored, trained, and practice on tools and techniques used in industry. Student progress is tracked using a feedback loop to improve their learning. Prototyping and experimentation are encouraged to understand “real world” issues. Partner companies share their anonymized dataset, tools and techniques. Coaching activities including design thinking, backlog management, and business modeling are used in this course.
Upon successful completion of the course students will be able to:
Below are basic parameters for advisors to use when talking to potential FinTech students regarding appropriate prior knowledge, and to ensure that students can be successful. Students should have a strong foundation in very basic concepts from multiple areas listed below. Students should have an understanding of how all of these are impacted by technology and by the regulatory environment.
Good candidates for the FinTech courses should have a background in business, finance, information technology, cybersecurity, computer science, mathematics, data science, or another related field.
Students should be familiar with or exposed to the following competencies:
1. Create and explain the income statement, balance sheet, and statement of cash flows
2. Perform time value of money calculations
3. Value and describe stocks and bonds
4. Evaluate capital budgeting projects