May 7, 2021
Fintech - financial technology is all the rage these days. Dr. Taylor is head of the Fintech department at the New Jersey Institute of Technology. Fintech has become a buzz word lately, but it has become far more sweeping. It has effectively eliminated the back office of the entire finance industry. The technology is increasing at such a rate that it’s becoming difficult to know where it’s heading. Will there be a fully automated financial system with little or no human input? Dr. Taylor believes that there will still be a need for humans in the system, but perhaps not so much. Dr. Taylor’s goal is teaching his students programming so that they can create prototype systems and solve problems.
Since 2008-09 Dr. Taylor believes that risk has gotten more spread out and distributed, which is a net positive. We also discussed the use to Fintech and the Flash Boys and got into a general discussion about where our finest minds are spending their careers. Interesting food for thought.