IIM-Calcutta to roll out FinTech programme

Kolkata: Come May 2019 and the Indian Institute of Management, Calcutta (IIM-Calcutta), will, jointly with TalentSprint, roll out an advanced programme in FinTech and Financial Blockchain for management and finance professionals. The programme will teach participants on FinTech growth and its increasingly disruptive impact on the banking and financial ecosystem.

“A vast majority of firms in the banking and financial sector believe that the lack of adequate FinTech talent is an existential threat to their future. Our FinTech programme, designed with today’s management and finance professionals in mind, will leverage the deep research and consulting expertise of IIM Calcutta faculty and our state-of-art Finance Lab. We plan to equip and enable 2000 FinTech professionals in the next few years,” said Prof. Indranil Bose, a programme director.

FinTech is attracting significant investments globally, with over 1,000 companies raising in excess of $100 billion in the recent past. India is now a leading contender to become the FinTech capital of the world. The Union Ministry of Electronics and Information Technology (MeitY) reported a total of 2.45 billion digital payments in August 2018.

Nasscom estimates that Indian FinTech will double in size every three years. Gartner predicts that within a decade, 80 per cent of financial firms will lose their relevance because of the threats posed by new FinTech advancements, unforeseen competition, and altered customer preferences.

The proposed FinTech programme will be delivered in a hybrid executive format with onsite visits to the IIM Calcutta campus and live online sessions via the TalentSprint digital platform. In addition, TalentSprint will use its network to curate and offer start-of-art capstone projects for programme participants, and leverage its digital platform for the course.