Financial Technology (FinTech) is the technology that makes it possible to electronically transfer money to your friends. It allows you to invest, insure and bank from your mobile device without ever having to step foot in a building. Did you know that Georgia is home to a large concentration of FinTech companies? More than 70% of all credit and debit card transactions in the United States are processed by companies located in Georgia. Because of the prevalence of financial technology based here in Georgia, it has truly earned the label "Transaction Alley."
The highest demand areas in FinTech are information technology, cybersecurity, data science and business.
Facts and Figures--FinTech in Georgia:
- $72 billion+ annual revenue in Georgia
- 160+ financial technology (FinTech) companies
- 70% of all U.S. payments processed run through a company located in Georgia
- 50,000+ employees in FinTech in Georgia
- 15 million+ global card-enabled merchants rely upon Georgia companies
FinTech at Clayton State
In Fall 2019 we will develop formal concentrations and/or programs in collaboration with the Georgia FinTech Academy, pending approval by SACSCOC. However, if you are majoring in Information Technology (Bachelor of Information Technology) or majoring in Mathematics (Bachelor of Science in Mathematics), you can take advantage of this opportunity using the FinTech Academy courses as transfer electives as soon as you have completed the following courses in your major and if you have sufficient free electives left in your program of study:
- For BIT Majors: CSCI 1301 Programming I and ITFN 3112 System Analysis and Design
- For B.S. in Mathematics Majors: CSCI 1301 Programming I or CSCI 1371 Computing for Engineers, and MATH 3005 A Transition to Higher Mathematics.
Pending approval by SACSCOC, these courses will count as transfer electives, instead of other choices you might take. Courses are delivered through the University System of Georgia eCampus eMajor and the tuition is $199 per credit hour (you may have additional Clayton State required fees). Clayton State students will register through the campus registration system.
Fall 2019 Registration Information: For Fall 2019, Clayton State is offering 5 courses in collaboration with the FinTech Academy.
ourses at Clayton State are linked to courses offered by the Georgia FinTech Academy as follows:
- ITFN 4801 Selected Topics in IT (3 semester hours) corresponds to FTA 4001 Foundations of FinTech
- ITFN 4801 Section 01 CRN 81690 also register for FTA 4001 Section 01 CRN 81692
- ITFN 4801 Section 02 CRN 81691 also register for FTA 4001 Section 02 CRN 81693
- ITFN 4802 Selected Topics in IT (3 semester hours) corresponds to FTA 4002 Financial Technologies
- ITFN 4802 Section 01 CRN 81696 also register for FTA 4002 Section 01 CRN 81694
- ITFN 4802 Section 02 CRN 81687 also register for FTA 4002 Section 02 CRN 81695
- ITFN 4803 Selected Topics in IT (3 semester hours) corresponds to FTA 4003 Commercial Banking and FinTech
- ITFN 4803 Section 01 CRN 81704 also register for FTA 4003 Section 01 CRN 81698
- ITFN 4803 Section 02 CRN 81705 also register for FTA 4003 Section 02 CRN 81699
- ITFN 4804 Selected Topics in IT (3 semester hours) corresponds to FTA 4100 Introduction to Information Security for FinTech
- ITFN 4804 Section 01 CRN 81707 also register for FTA 4100 Section 01 CRN 81702
- ITFN 4804 Section 02 CRN 81709 also register for FTA 4100 Section 02 CRN 81703
- ITFN 4805 Selected Topics in IT (3 semester hours) corresponds to FTA 4005 Introduction to Financial Data Analytics
- ITFN 4805 Section 01 CRN 81706 also register for FTA 4005 Section 01 CRN 81700
- ITFN 4805 Section 02 CRN 81708 also register for FTA 4005 Section 02 CRN 81701
You must register for BOTH the ITFN Selected Topics course and the corresponding FTA FinTech course. Tuition is assessed only on the appropriate Selected Topics in IT course but you must register for both the appropriate ITFN Selected Topics in IT course along with the corresponding section of the associated FTA course.
The FinTech courses are largely self-contained but it is helpful to have the following prerequisite knowledge:
Background/exposure at a basic level of the following
- Income statements, balance sheets, statement of cash flows
- Time value of money calculations
- Value and describe stocks and bonds
- Evaluation of capital budgeting projects
Eventually modules that provide background for these areas will be available within the FinTech courses. Until then, there are some resources within Skillsoft (free to Clayton State students) that are good resources at an appropriate level for students who are interested in the FinTech courses. Students interested in FinTech Academy courses should complete these free modules. These are all at the beginner level.
- Comprehending Financials: A Guide to Financial Statements (29 minutes)
- Financial Statement Analysis for Non-financial Professionals (30 minutes)
- Preparing Financial Statements and Closing Accounts(27 minutes)
- Basic Accounting Concepts for Non-financial Professionals (30 minutes)
- Basic Budgeting for Non-financial Professionals (28 minutes)
- Accounting for Stock Transactions (20 minutes)
- The Banking Industry Overview: Version 4 (1 hour)
- Creating a Project Budget (PMBOK Guide Sixth Edition) (1 hour 8 minutes)
For additional information about the FinTech courses and how to register, please contact Dr. Lila F. Roberts, Dean.
Lead instructors for FinTech courses are faculty at Georgia State University, which is home to the Georgia FinTech Academy.
FTA 4001 Foundations of FinTech
The financial services industries are changing rapidly with the emergence of financial technology (FinTech). The
objective of the course is to provide students with an overview of FinTech and introductions to its applications in
financial services, such as commercial and investment banking, digital investing, financial advising, and insurance.
Students are expected to develop a broad understanding of the recent FinTech development and its impact on
different parts of the financial world. Students will also have hands-on problem-solving experiences that can be
useful in FinTech applications and innovation. Topics may include but are not limited to: blockchain and
cryptocurrencies, smart contracting, payments, digital banking, P2P lending, crowdfunding, robo-advising, and
FTA 4002 Financial Technologies
This course examines the information and communications tools, technologies, and standards integral to
consumer, merchant, and enterprise services in the payments and financial service sectors. Explores technology’s
role in reshaping FinTech businesses. Technologies span messaging, communication networks and gateways, core
processing, mobile and online software, and application program interfaces (APIs). Includes the challenges,
standards, and techniques associated with securing systems and data.
FTA 4003 Commercial Banking and FinTech
The FinTech revolution is creating significant disruption to the traditional processes of managing and regulating
financial institutions, especially banks. Understanding, assessing and forecasting FinTech’s impact on banking is
particularly important because proper management and oversight of financial institutions is essential to the
efficient operation of the national, as well as global, economy. In this course, students will learn about the
principles and practices of commercial bank management, bank regulation, and the tradeoffs between risk and
return. Challenges presented by the FinTech evolution, including traditional and emergent competitors as well as
demographic, social, and technology forces driving change in the industry, will be integrated throughout the entire
FTA 4005 Introduction to Financial Data Analytics
This course provides the foundation for financial data analytics used in business and FinTech applications. The
objective of this course is for students to gain experience in analyzing financial data using modern machine learning
techniques, statistical methods, and prediction models. Students will develop computational skills to perform data
analysis using a modern statistical programming environment, and apply these skills to address a range of
problems encountered by business firms, including those in the FinTech industry. The topics discussed include an
introduction to R language, visualization of financial data, cluster analysis, simple and multiple linear regression,
classification models, high dimension data analysis using Lasso, tree regression, and model assessment and
selection using cross validation. Students will have hands-on experience in the development of data analytics
applications to analyze real world financial problems.
FTA 4100 Introduction to Information Security for FinTech
The purpose of this course is to introduce the student to the rapidly evolving and critical international arenas of
Privacy, Information Security, and Critical Infrastructure for FinTech. This course is designed to develop knowledge
and skills for security of information and information systems within FinTech organizations. It focuses on concepts
and methods associated with security across several systems platforms, including internal and Internet-facing
systems. The course utilizes a world view to examine critical infrastructure concepts as well as techniques for
assessing risk associated with accidental and intentional breaches of security in a FinTech network. It introduces
the associated issues of ethical uses of information and of privacy considerations.