The Brandeis GPS blog

Insights on online learning, tips for finding balance, and news and updates from Brandeis GPS

Tag: GPS News

Brandeis GPS to partner with inaugural Boston FinTech Week

For the first time ever, the city of Boston will be hosting Boston FinTech Week, a four-day event featuring some of the world’s biggest and brightest financial services institutions and the people behind them.

Sponsored in part by Brandeis GPS, Boston FinTech Week (which runs from September 11-14) is a collection of conferences, networking opportunities, workshops, and more centered on innovation in Boston’s financial services ecosystem. Throughout the week, attendees can expect to be submerged in everything FinTech, from insights and trends in Massachusetts FinTech to the integration of artificial intelligence into financial services institutions. A closing party in the Seaport District hosted by MassChallenge will conclude the weeklong festivities on Thursday evening.

Given the recent launch of our MS in Digital Innovation for FinTech, GPS is thrilled to partner with Boston FinTech Week and have a presence at several events. We hope you’ll join us at the following events (all times are EDT):

All events are free at Boston FinTech Week, but pre-registration is required. If you’d like to learn more about the event and programs offered, check out the event website here. Make sure to RSVP to events featuring Brandeis GPS faces so that you can reach out and talk to us, and don’t forget share your experience using the hashtag #BostonFinTechWeek.

Countdown to Commencement: User Centered Design

As we’re gearing up for the Brandeis GPS commencement ceremony on May 21,  GPS students are gathering their families and preparing to travel to Waltham to celebrate their accomplishments. While planning is underway, we wanted to celebrate the first graduates of one of the newest GPS programs.

Launched in fall 2015, the MS in User-Centered Design represents a growing movement of designers who seek to produce technologies that adapt to the user rather than attempt to force behavioral change.

Many professionals currently working in IT, web development, digital marketing and computer science share the belief that the way people experience design is critical to the success of any creation. The User-Centered Design program at Brandeis GPS allows professionals with titles such as interactive designer, human factors engineer, user experience strategist, web developer, and more to expand their knowledge and career potential. The fully online, part-time program equips students to identify the human factors that influence user response, apply social and psychological principles to predict user response, and build prototypes and evaluate design effectiveness, analyzing qualitative and quantitative information.

In the Workforce

Today, professionals specializing in user-centered design are always in high demand.  In 2015 CNN Money identified user-centered design jobs as #14 on their nationwide list of top jobs, and  Glassdoor included user-centered design positions in their list of the top 25 “Highest Paying Jobs with the Most Openings Right Now.”

With some of the biggest names in technology and innovation looking to hire user center design specialists, those with this specialization are in high demand. Companies like Amazon, IBM, Deloitte, and Apple, among others, are constantly seeking new hires with the latest training in the field.

User Centered Design at Brandeis

The User Centered Design faculty understand the challenges of modern industry. When not teaching they’re developing technologies for higher education communities or advocating for design innovation, they structure their GPS curriculum to draw on real-world expertise and connections that ultimately help our students advance their career goals. Courses are taught by professionals in the field who draw on their work experience to mentor GPS students in the classroom.

The 30-credit User-Centered Design degree has seven required courses and three electives. Required courses provide students with a focused education surrounding fundamental topics in the field, while electives build upon specific professional skill sets and allow students to enrich and round out their studies.

We can’t wait to hear all that the class of 2017 will achieve as they use their knowledge to transform the development processes in many fields. We are confident that the skills they have gained as GPS students will allow them to further their career goals while making products, software, and other tools, that focus on usability. Congratulations to the User Centered Design students and the entire class of 2017!

Brandeis GPS analytics program ranked in U.S. top 30

Brandeis University’s MS in Strategic Analytics program ranked 28th on College Choice’s list of the 50 Best Big Data Degrees for 2017.

Best Online Big Data ProgramsThe College Choice rankings were based on a combination of academic reputation, student satisfaction, affordability, and average annual salary of graduates. Strategic Analytics at GPS was selected for the breadth and depth of its coursework, the strength of its online learning model, and the success of its alumni.

From the College Choice announcement:

Strategic Analytics listing in College Choice's 50 Best Online Big Data Programs

View College Choice’s full list of schools here, and click here to learn more about Strategic Analytics at Brandeis.

Boston Globe highlights Brandeis GPS FinTech program

In a recent article on the growing momentum among Boston’s financial start-ups, the Boston Globe profiled GPS faculty member Sarah Biller and her work within the FinTech sector. Biller discusses FinTech trends among millennials, and how she’s adjusting the content of her Evolution of Technology for Financial Services course to explore how the changing presidential administration may impact the industry.

Read the full article here, and request more information about studying FinTech at Brandeis here.

The Financial Technology Revolution

By Josh Deems

The saga of finance technology, dubbed “fintech,” is on a delayed start compared to other industries. When the proverbial innovation alarm clock rang around 2004, a digital revolution ignited media,telecom, retail, and other nimble segments into transformation. New ideas, technologies, and companies emerged and became entrenched in our daily lives. In the meantime, financial services hit the snooze button… but why?

Innovation in finance has happened before

In the 1950’s, the invention of the credit card was thought to render physical cash obsolete. By the 1960’s, ATMs appeared, threatening the existence of live tellers and bank branches. Starting in the 1970s, stock brokers ditched phone and paper based trades for electronic systems. From 1998 on, consumers and retailers began transacting for goods and services through linked-bank accounts via the online payments system, PayPal.

Major advancements in banking technology have happened every decade since the end of the Second World War, but none harnessing the disruptive power of the revolution we’re facing today.

Why now?

Fast forward to 2008. New banking services materialized again, this time driven by the millennial thirst for digitization, the anti-establishment distrust of arcane banking processes, and the chutzpah of start-
ups and investors. Concepts such as peer-to-peer lending, digital wealth management, and the first fully electronic currency, Bitcoin, became the focal point of innovation. The theme shifted to the ‘unbundling’ of core banking services often thought as too large, too complex, and too regulated to face disruption.

<<Learn more about the MS in Digital Innovation for FinTech at Brandeis>>

Overview of new services

Highlighted below are two of the more prominent technologies involved in the paradigm shift of the banking industry. Blockchain, the distributed ledger technology and buzzword associated with Bitcoin, and robo-advisors, or digital wealth platforms changing the way we manage personal portfolios.

Blockchain

  • What is it? Distributed, immutable, and fully secure database technology. Underlying engine of bitcoin, and supporting technology for peer-to-peer payments worldwide.
  • Key Players Open source blockchain providers (Ethereum, Hyperledger); enterprise blockchain companies (Chain, itBit, Symbiont); financial services consortium (R3, Post Trade Distributed Ledger Group); global payments (Ripple); bitcoin-enabled services (Coinbase, Bitfinex)
  • Potential Impact
    •  Send payments across the globe in seconds (remember Western Union, anyone?)
    • Tokenize and track the movement of assets across the world’s financial markets
    • Shared ledgers and asset records across regulators, buy-side, sell-side, and custodians
    • Immutable history of every financial institution’s transactions
    • Digitization of fiat currency (Bank of England is experimenting with this)
    • Automated compliance and settlement processes

Robo-Advisors

  • What is it?  Umbrella term for digital wealth management advice. Covers anything from fully-automated and algorithm-based portfolio generation to digital client engagement tools used by human wealth advisors.
  • Key Players Institutional (Schwab, Fidelity, Vanguard, BlackRock); Standalone Robo’s (Betterment, Wealthfront, SigFig, LearnVest)
  • Potential Impact
    • For consumers, cheaper investment advice, diversified portfolio with lower fees through ETF-based offerings, access to features (tax-loss harvesting and portfolio rebalancing) formerly only offered by professional managers to high net worth individuals
    • For advisors, broaden scope of managed portfolios beyond high net worth individuals and increase AUM, especially by engaging and targeting millennials. Enhanced market analytics and insights to provide clients.

How to stay ahead

From behemoth banks to lean start-ups, the appetite for seasoned bankers, savvy coders, and entrepreneurial-minded individuals who can bridge the tech and finance gaps is growing. According to LinkedIn data from September 16, 2016, there are over 450 fintech job recommendations between New York, San Francisco, and Boston, and over 650 in London. And these figures ignore the opportunities unlocked by starting your own fintech.

If you’re interested in learning more, a great place to start is the MS in Science for Digital Innovation offered by Brandeis University. The program condenses the fintech ecosystem, and blends the finance and technology skillsets required to build your own personal fintech toolkit. And the secret sauce? The program is taught by experienced professionals who are engaged in the academic, finance, and technology communities.

The finance digital revolution is upon us, and our economy is becoming increasingly mobile and on-demand. Become an active participant in the movement and take the opportunity to learn new topics, network with like-minded individuals, and explore how companies are changing the way banking is conducted worldwide. Soon, you will become the face of the fintech revolution as well.

Josh Deems is an AVP and business strategist at State Street Corporation’s Emerging Technologies Center. Prior to joining State Street, Josh was a management consultant, focusing on operating model improvement and digital experience for asset managers. Josh holds a Bachelors of Business Administration from the George Washington University with a concentration in finance.

Picture of the author, Josh Deems

Josh Deems

 

Protected by Akismet
Blog with WordPress

Welcome Guest | Login (Brandeis Members Only)