Session on Role of Technology in Finance: A perspective
Sep 21, 2018
Presented By: Prof. Pratik Priyadarshi, BIMTECH, India
Course Facilitator: Prof. Dr. Rajan Bahadur Paudel
Prof. Priyadarshi who turned an entrepreneur at the age of 49 gave an insightful session on "Role of Technology in Finance: A Perspective" to a group of MBA finance students at SOMTU. He started his session stating that, there are some basics to success in life such as cultivating the habit of asking questions, taking risks and making mistakes and to learn saying "No" as well.
The session then was focused towards "Fintech" industry and how technology has been a disruptive force in the industry. Terminologies like Bigdata, Advisory, Insurance, Payments, Financing, Investments, Asset management were also introduced.
Prof. Priyadarshi also explained that there are some basic reasons for the emergence of Fintech Industry, which are the availability of Big Data, Regulatory environment, Demographics, Mobile financial solutions giving cheaper solutions to the unbanked population.
During the session several cases were discussed as well, such as the conext of "Crisis of crabs in the US and the supply from India" and so on. The pros and cons of Fintech industry were also discussed about how technological advancements could prove benefitial and their potential threat areas were also discussed.
The session was very interactive as the professor had several new elements to share with the students. He also shared about "Investech" and "Robo Advisors" who give investment related advices to the public.
Course facilitator Prof. Dr. Rajan Bahadur Paudel delivered a vote of thanks speech and presented the speaker with token of love on behalf of School of Management, Tribhuvan University.