Atlanta, Georgia (PRWEB)
September 08, 2017
Georgia State University’s J. Mack Robinson College of Business has opened a fintech lab spanning data analytics, finance, real estate, and risk management and insurance, the first business school-based fintech lab in Georgia and among the first in the nation.
Data analytics, machine learning and blockchain technology will be important components of the lab, and collaborators will explore how these tools can help develop smart contracts and smart markets, support the study algorithmic trading, and help with credit risk modelling and lending decisions.
Atlanta has emerged as a national leader of an industry that uses new technologies to eliminate intermediaries in traditional payment processes, lower costs and shorten financial transaction times. According to the Technology Association of Georgia, Georgia fintech companies employ more than 30,000 professionals in the state and generate annual revenues of more than $72 billion, behind only New York and California. Industry estimates indicate fintech could potentially affect or disrupt up to $4.7 trillion in financial services revenues in coming years.
Robinson’s lab will provide an applied, experiential environment in which students, faculty and corporate partners can experiment with the technologies transforming financial services, insurance and real estate. In initial projects, lab users will work with stock market, real estate, insurance contract and property sales data, as well as company financial documents such as SEC 10-Q, 10-K and 8-Q reports, to explore the development, deployment and implementation of financial applications on alternative platforms.
“This new lab is the next step in the strategy Robinson has been executing over the past two years of integrating computer science and related disciplines into the core activities of the business school to better prepare our students for the business environment of tomorrow,” said Richard Phillips, dean of the Robinson College.
Uses of the fintech lab will vary by specialty.
Finance users will gain an understanding of the different layers of decentralized markets and obtain…