Master in Fintech & Innovation - second edition

Title
Master in Fintech & Innovation

A.Y. 2019-2020

The context of this program
Finance is being dramatically transformed. Vikram Pandit, former CEO of Citigroup, and Antony Jenkins, former CEO of Barclays, respectively predict that 30% or 50% of banking jobs may disappear in the next few years because of disruptive technology developments and new business models.
A tsunami is running over the finance industry: as highlighted by the 2017 PwC Global Fintech Report, 88% of incumbents feel their business at risk.
However, Fintech is about creating new opportunities and redefining paradigms in finance, as shown by a number initiatives promoted by institutions such as European Central Bank, European Commission, Federal Reserve Bank, Financial Stability Board and Monetary Authority of Singapore. The Basel Committee on Banking Supervision, in its paper “Implications of fintech developments for banks and bank supervisors” (February 2018), underlined that Fintech speed of diffusion and pace of adoption is arguably higher than the ones of any other wave of innovation of the previous decades. In other words, the impact Fintech will have on the financial system will be unparalleled.
Just like the banking system is being turned upside down, don’t expect education to remain the same. In this new fast changing tech world, it is clear that the skills needed to succeed in finance are changing too.
The Master in Fintech & Innovation (MFI) is designed to provide students and young professionals with the right skillset and international mindset to lead and contribute to the Fintech revolution.

The programme is jointly developed by LUMSA Master School and Fintech EduLab.

Why this program?

  • Prestigious faculty:
    You will learn from recognized Fintech experts. Your professors and guest speakers come from prestigious Italian universities, top ranked international universities, innovative startups, consulting firms and leading institutions (policy makers, regulators, banks, etc.).
  • Curriculum designed with the industry for the industry:
    The master’s curriculum has been designed with the support of seasoned banking professionals, visionary entrepreneurs and leading academics.
  • Unique networking opportunities:
    The Master in Fintech & Innovation will offer you unique opportunities to network with leading Fintech companies and experts from all over the world.
  • Careers opportunities in one of the fastest growing industries:
    The skills you will acquire in the program and the master’s international network will open you a wide range of career opportunities.

For more info please have a look at the internship and project work section

Learning objectives

  • Gain an in-depth understanding of the global finance ecosystem and its features
  • Be familiar with the business models and applications that are disrupting the financial industry
  • Learn how to draft, execute, and manage financial innovations
  • Acquire the skills to analyze complex data sets
  • Learn how to develop and run Fintech digital marketing campaigns
  • Master the tools to successfully launch your own Fintech startup
  • Understand how regulation is evolving and changing in line with the main technology developments
  • Acquire a global entrepreneurial mindset

MFI Format
All MFI lessons will be recorded in HD and uploaded to our e-learning platform. Students will have access to the recordings. However, in order to get their MFI degree, students are required to attend in person at least 80% of the classes.
Ad-hoc solutions (e.g. full distance learning) can be discussed.

Admission Requirements
To be eligible for admission to the Master in Fintech & Innovation, a candidate must:

  • hold a  bachelor's degree (“laurea triennale” for the Italian system) or higher qualification (e.g. “laurea magistrale” or master’s degree) or being on track to graduate within April 2020 (last useful graduating session of the a.y. 2018/2019);
  • hold one of the following English language certificates.
    - Cambridge test (minimum level B2) or
    - IELTS (minimum grade 6.5) or
    - TOEFL (minimum grade 85).

If you hold a bachelor's degree entirely taught in English, you are exempted from providing the above English language certificate.
Applicants not holding a certificate can still apply and, upon conditional offer, will be assessed by an English Knowledge Interview.

MFI Career Opportunities
Main career opportunities are as follows:

  • Fintech Entrepreneur
  • Technology/Financial Services Consultant
  • Business Development Manager
  • Innovation Manager
  • Data Analyst
  • Digital Marketing Professional
  • Community Manager

Who is this program for?
Young professionals or graduate/graduating students (Bachelor's degree – “Laurea triennale”; Master of Science’s degree - “Laurea magistrale”; or equivalent) in:

  • Finance, Economics, Business and Management
  • Mathematics, Statistics, Physics, Computer Science and Engineering
  • Law
  • Social and Political Sciences

Degree issued
Students will receive the degree of Master in Fintech & Innovation (“First Level Professional Master Program”).  In order to graduate students are required to attend at least 80% of the classes, successfully pass all examinations and complete one of the following: internship, project work, research project or startup project.

MFI Co-organizer: Fintech EduLab
Fintech EduLab is a company dedicated to shape education in finance. We aim to unlock the potential of Fintech by empowering the next generation of talents. Our programs are designed to equip students with the tools, knowledge, skills and mindset to succeed in the new world of finance. We are supported by a global network of great professionals from leading financial institutions, universities, investors and startups.

Department
Department of Law, Economics, Politics and Modern Languages

Reference area
Human and behavioural sciences

Director
Claudio Giannotti - Director of Department of Law, Economics, Politics and Modern languages and Professor in Banking and Finance at LUMSA University

Scientific Committee
Pasquale Ambrosio – Associate Partner KPMG & Fintech Leader
Ferdinando Ametrano – Executive Director at Digital Gold Institute, Adjunct professor at Milano-Bicocca and Politecnico di Milano
Rym Ayadi – Professor of International Business and Finance, Director of IRCCF at HEC Montreal and Professor at CASS Business School, City University of London and Member of the Centre of Banking Research (CBR)
Giovanni Buono – Co-Founder at Fundsfy
Alessandro Carretta – Professor of Banking and Finance at University of Rome Tor Vergata and Secretary General of Assifact
Federico Cinque – CEO at Fintech EduLab
Gianluca D'Imperio – Group CIB Compliance at UniCredit
Giovanni Ferri – Professor of Economics at LUMSA University
Umberto Filotto – Professor of Banking and Finance at University of Rome Tor Vergata and Secretary General of Assofin
Claudio Giannotti – Director of Department of Law, Economics, Politics and Modern languages and Professor in Banking and Finance at LUMSA University
Filippo Giordano – Msc in Management and Finance Program Director at LUMSA University
Carlo Giugovaz – CEO at Supernovae Labs
Marco Lauro - Head of CRM at Banca Monte dei Paschi di Siena
Raffaele Mauro – Managing Director at Endeavor Italy
Paolo Meola - Co-Founder, Board Member & CTO at Instilla
Carlo Alberto Minasi – Advisory Innovation Officer FSO at EY
Emanuele Mario Parisi - Executive Deputy Head of Retail at UniCredit Central Eastern Europe
Alvise Perissinotto – Managing Director at financeAds
Gianni Pola – Head of Systematic Strategies & Quant Research at Anima SGR
Pier Francesco Procacci - Senior Associate, Quant Research at CITI
Maurizio Raffone –Founder & CEO at Finetiq Ltd
Matteo Rossanigo – Head of Group Organization at Banca Sella Holding
Corinna Scatena – Head of Legal – Mobile Bank at Ferratum Bank
Raffaele Zenti – Co-Founder at VirtualB S.p.A./AdviseOnly

MFI Courses

Foundations of Banking and Fintech
The course aims to set the foundation knowledge of banking and Fintech, guiding students through the main features of financial intermediaries, services and markets and the major drivers disrupting the financial industry. The course will provide a ground understanding of bank’s activities, payment services, asset management and financial consulting.  

New Technology Trends
The course provides students with an overview of some of the latest trends in technology dramatically changing the finance landscape and leading some of the main challenges the finance industry is facing. The course will cover topics including cloud solutions, internet of things and cybersecurity.

Fintech and the Future of Finance
The course provides students with the latest empowering and practical knowledge on Fintech, enabling them to understand the key forces that will redefine the paradigms of finance as well as the players and business models that could transform the financial industry. The course will examine a broad range of areas such as artificial intelligence, blockchain, cryptocurrencies, challenger banks and many more.

Customer Base Acquisition in Fintech
The course aims to present the main theoretical principles behind customer base acquisition in Fintech companies. During the course, students will understand how to create a customer acquisition process, how to optimize it and will be introduced to the use of some of the most common media channels in nowadays digital marketing strategies. Students will be guided through the following topics: target identification, conversion marketing economics, web analytics and performance analysis etc.

Customer Engagement & Retention in Fintech
The course provides students with the skillset to perform a life-time value analysis as well as create strategies and use techniques to engage and retain users. Students will be exposed to some of the opportunities new technologies are bringing to digital marketing. The course will cover topics including machine learning and marketing automation, LTV, segments profitability analysis, people analytics.

Brand Image, Awareness & Reputation in Fintech
The course aims to present the reasoning behind the creation of a trustful and reliable brand in the Fintech industry, as well as to show how to manage corporate reputation on nowadays digital media. The course will analyze themes such as crisis management and communication on social media.

Product and Service Design for Fintech
The course aims to present different (and complementary) approaches to product and services design used in the Fintech industry. Moreover, students will be presented some case studies of successful Fintech companies and discover the path toward the creation of their products/services. Topics like buyer persona analysis, lean startup approach and user experience design will be covered.

Data Science
The course introduces students to machine learning techniques, guiding them through all the main algorithms, both supervised and unsupervised as well as linear and non-linear, and analyzing the best practices related to model selection. Furthermore, a focus on more advanced topics such as deep learning and its applications to textual data analysis (natural language processing) is proposed.
    
Entrepreneurship in Finance
This course aims to provide students with both practical and theoretical foundation tools to become successful entrepreneurs in finance. Visionary entrepreneurs, CEOs and investors will share all the key elements to deal with business idea generation, pitching, business planning, business modeling and financing.

Regulation, Compliance, and Regtech
The course gives a comprehensive overview of both Fintech regulation and compliance and examines how they are evolving. Also, the course will explain the Regtech ecosystem and how it is changing the way institutions think of regulatory reporting, compliance and monitoring. Students will become familiar with hot topics such as PSD2, GDPR, KYC etc

Key facts:

  • Maximum intake: 50 students
  • Minimum intake: 15 students
  • Program Structure:
    a)    In-class lectures and webinars
    b)    Internship / Project Work / Research Project / Startup Project
    c)    Final dissertation
  • Language: English

Foundations of Banking and Fintech (48h) 6 ECTS

New Technology Trends (24h) 3 ECTS

Fintech and the Future of Finance (42h) 6 ECTS

Customer Base Acquisition in Fintech (36h) 5 ECTS

Customer Engagement & Retention in Fintech (18h) 2 ECTS

Brand Image, Awareness & Reputation in Fintech (24h) 3 ECTS

Product and Service Design for Fintech (24h) 3 ECTS

Data Science (48h) 6 ECTS

Entrepreneurship in Finance (36h) 5 ECTS

Regulation, Compliance, and Regtech (24h) 3 ECTS

After the lessons in class, students will be required to choose one of the following:
a)    Internship 15 ECTS
b)    Project Work 15 ECTS
c)    Research Project 15 ECTS
d)    Startup Project 15 ECTS

Final Dissertation 3 ECTS

  • Giorgio Acunzo - Italy IFRS desk country Leader at EY
  • Fabio Allegreni – Partner at Crowd Advisors
  • Pasquale Ambrosio - Associate Partner KPMG & Fintech Leader
  • Rym Ayadi - Honorary Professor at CASS Business School & Member of the Centre for Banking Research at City University of London
  • Claudio Bedino - Co-Founder & COO at Oval Money
  • Filippo Bernasconi – SEO/SEM Specialist
  • Angelo Daniele Blancato - Chairman at BorsadelCredito.it
  • Stefano Bonini -  Executive at Accenture Management Consulting
  • Giovanni Buono – Co-Founder at Fundsfy
  • Federico Cinque – CEO at Fintech EduLab
  • Claudio D'Auria - Founding Partner at Moderari and Adjunct Professor at University of Turin
  • Gianluca D’Imperio - Group CIB Compliance at UniCredit
  • Paolo Graziani - Head of Advertising and Brand Identity at Banca Monte dei Paschi di Siena
  • Gianni Fanti – Senior Manager at  EY Financial Accounting Advisory Services
  • Francesco Felicetta - ICT Brand Manager at ELIS.Org
  • Roberto Ferrari - Chairman at ClubDealOnline, former Chief Digital & Innovation Officer at Mediobanca
  • Michele Foradori - Investment Manager at BlackFin Capital Partners
  • Umberto Filotto – Professor of Banking and Finance at University of Rome Tor Vergata and Secretary General of Assofin
  • Diego Franzin - Former Head of Equity at Amundi
  • Mariano Gambaro - Head of Advisory Business Model at Banca Finnat Euramerica
  • Claudio Giannotti – Director of Department of Law, Economics, Politics and Modern languages and Professor in Banking and Finance at LUMSA University
  • Carlo Giugovaz - CEO & Founder of Supernovae Labs
  • Marco Lauro - Head of CRM at Banca Monte dei Paschi di Siena
  • Nadia Linciano - Head of the Economic Research Unit, Research Department at Consob
  • Giordano Lombardo - Co-Founder & Chairman at Rationis, former CEO of Pioneer Investments
  • Raffaele Mauro - Managing Director at Endeavor Italy
  • Paolo Meola - Co-Founder, Board Member & CTO at Instilla
  • William Metcalfe - Co-Founder at Curvegrid, ex CTO of Gilt Groupe Japan
  • Carlo Alberto Minasi - Advisory Innovation Officer FSO at EY
  • Alessandro Onano - CMO at Moneyfarm
  • Nazarena Parenti - UX/UI e PSS Designer at Instilla
  • Emanuele Mario Parisi - Business Manager to Head of Central Eastern Europe Retail division at UniCredit
  • Alvise Perissinotto - Managing Director at financeAds
  • Nicolò Petrone - Head of Europe at Medici
  • Alessio Pisa - CEO at Instilla
  • Gianni Pola - Head of Systematic Strategies & Quant Research at Anima SGR
  • Pier Francesco Procacci - Senior Associate, Quant Research at CITI
  • Maurizio Raffone - Founder & CEO at Finetiq Ltd
  • Gionata Rogiani – Co-Founder & CTO at Fintech EduLab
  • Matteo Rossanigo - Head of Group Organization at Banca Sella Holding
  • Emanuele Seghetti - CMO at Instilla
  • Sofia Viola – HR & Organization Analyst at Cally
  • Jeff Wentworth - Co-Founder of Curvegrid, former Vice President at Goldman Sachs
  • Raffaele Zenti - Managing Partner & Co-Founder of Virtual B

Many other professionals are joining our faculty!

See the interviews of the professors of the first edition

Location
LUMSA University,
Via Pompeo Magno, 22
00192 - Rome (Italy)

Duration
10 months

Period
January 2020 - November 2020

Master’s Calendar
Lessons will be held on Thursday afternoon, Friday and Saturday.
Enrolled students will be provided with a detailed calendar of the MFI lessons.

In order to fulfill the master requirements, students have to choose one of the following:

Internship:
The Master in Fintech & Innovation will connect its brightest students with its global network and will support them in finding professional opportunities through its ecosystem of partners made up of leading startups, financial institutions and consulting firms.

Project Work:
Students will be asked to work on a task-based assignment. The Project Work addresses real business issues and will be realized in collaboration with a sponsor company.

Research Project:
Students undertaking the Research Project need to prepare a research paper on an advanced Fintech related topic. The project is recommended for students with a strong interest in research. The project can be realized in collaboration with a sponsor company.

Startup Project:
Students will be required to apply the knowledge and tools acquired in class to create a detailed and comprehensive business plan outlining all the key elements necessary to properly set up a successful business.

Tuition fee
€ 8,516 (for all students) - to be paid in 3 installments as follows:

  • € 3.000 +  € 16 stamp duty upon enrollment
  • € 3.000 by March 2020
  • € 2.500 by June 2020

Payments must be made by bank transfer in favor of:
LUMSA - UBI - BANCA POPOLARE DI BERGAMO
IBAN IT 57 B 03111 03226 000000005620;
BIC / SWIFT  BLOPIT22.

In the reason field specify your full name and insert “Master Fintech & Innovation” (e.g. First Name Surname, “Master Fintech & Innovation”)
(for payments to do outside Italy, remember to specify to the bank 'expenses our' (all expenses only charged to the orderer).

Scholarships:
MFI scholarships will be offered to outstanding successful applicants.
The MFI has issued 12 scholarships as follows:

  • 1 full scholarship for the MFI tutor
  • 3 scholarships of the amount of 4.000€
  • 8 scholarships of the amount of 3.000€

Applications will be selected on a rolling basis and both academic and professional merit will be considered. Applicants do not need to apply separately for scholarships.

Application Deadline
Application form must be sent to finetch@lumsa.it for the selection before January 12th 2020. However, you are strongly encouraged to apply early as we review applications on a rolling basis.
Please allow us two/three weeks to review your application.

Application documents to attach:

  • Curriculum vitae et studiorum
  • Motivation letter
  • Copy of your bachelor’s degree1 (if you have a master’s degree, please attach both the certificates) along with official transcript of records of all your degrees12,  
    or in case you have not graduated yet3 :
  • A certified statement from your university confirming that you are in the last year of your undergraduate studies along with official transcript of records2
  • One of the following English language certificates.
    - Cambridge test (minimum level B2) or
    - IELTS (minimum grade 6.5) or
    - TOEFL (minimum grade 85).
  • One copy of the ID Card/Passport
  • A copy of the Fiscal code (if any)

If you hold a bachelor's degree entirely taught in English, you are exempted from providing the above English language certificate.

You may also upload a screen print with your test results (from the test organization’s website).

Applicants not holding a certificate can still apply and, upon conditional offer, will be assessed by an English Knowledge Interview.

We carefully consider each application on an individual basis, taking into account all the information provided on your application. We do not look just for high grades but rather for well-rounded and motivated students.

We are happy to help you in submitting a top application.
If you need any support with your application, please email us at fintech@lumsa.it.

1 For Italian students: self-certification.
2 All submitted documents must be in English or Italian
3 Students not yet graduate and on track to graduate within April 2020 (a.y. 2018/2019) are welcomed to apply: if the selection is passed, and all the other requirements fulfilled, graduating candidates will be admitted “with reserve” to attend the Master’s program. Under penalty of forfeiture, they must promptly notify to Segreteria LUMSA Master School the successful completion of the qualification, which must take place within April 2020 (last useful graduating session of the a.y. 2018/2019).

Enrollment form
Only those applicants who have been formally offered a place in the program are required to download the Enrollment form and complete the enrolment procedure within 15 days from the offer notification date.

Enrollment form should be sent to perfezionamento@lumsa.it

Enrolment documents to attach:

  • Self-certification of the university degree duly signed or its certification including the degree mark (for Italian students).
  • If in possession of a qualification obtained abroad, it is necessary to attach the final degree in original (or a certified copy), its legal translation in Italian (for documents issued in languages different by English, French, Spanish) and the “Dichiarazione di valore” (Declaration of value) issued by the Italian Embassy/Consulate of the country of study or the statement of comparability issued by an ENIC-NARIC center or the diploma supplement issued by the university with an English version. LUMSA always reserves the right to request additional documentation useful for the qualifications’ evaluation.
  • Transcript of the university’s exams.
  • Copy of the Receipt of the first installment (refundable only in case the program is not activated) to be paid via bank transfers as follows:
    EUR 1.500 to LUMSA – UBI BANCA SPA – IBAN IT 57 B 03111 03226 000000005620
    BIC/SWIFT   BLOPIT224
    (for payments to do outside Italy, remember to specify to the bank 'expenses our' (all expenses only charged to the orderer).
    (please specify First Name and Family Name of the candidate, and Master in Fintech &Innovation)
  • Receipt of the Registration on LUMSA website (not needed for LUMSA graduates):
    for foreign students
    for Italian students

For international students:

  • Copy of the residence permit or copy of the appointment at the Police Headquarters to request a residence permit.
  • Copy of the passport and of the Visa.

For European Union’s students:
Identity card or passport’s copy.

  • Picture (JPEG) with the following characteristics: recent and clear close-up photo, width of 35-40 mm; HD, clear and plain background, max 5 Mbyte.

 4Registration duties are not to be considered for VAT purposes, no bill will then be issued for the subscription fee due to LUMSA.
 

Contacts

For enquiries about the program: fintech@lumsa.it
For administrative information: perfezionamento@lumsa.it

Goals and admission requirements: 

Title
Master in Fintech & Innovation

A.Y. 2019-2020

The context of this program
Finance is being dramatically transformed. Vikram Pandit, former CEO of Citigroup, and Antony Jenkins, former CEO of Barclays, respectively predict that 30% or 50% of banking jobs may disappear in the next few years because of disruptive technology developments and new business models.
A tsunami is running over the finance industry: as highlighted by the 2017 PwC Global Fintech Report, 88% of incumbents feel their business at risk.
However, Fintech is about creating new opportunities and redefining paradigms in finance, as shown by a number initiatives promoted by institutions such as European Central Bank, European Commission, Federal Reserve Bank, Financial Stability Board and Monetary Authority of Singapore. The Basel Committee on Banking Supervision, in its paper “Implications of fintech developments for banks and bank supervisors” (February 2018), underlined that Fintech speed of diffusion and pace of adoption is arguably higher than the ones of any other wave of innovation of the previous decades. In other words, the impact Fintech will have on the financial system will be unparalleled.
Just like the banking system is being turned upside down, don’t expect education to remain the same. In this new fast changing tech world, it is clear that the skills needed to succeed in finance are changing too.
The Master in Fintech & Innovation (MFI) is designed to provide students and young professionals with the right skillset and international mindset to lead and contribute to the Fintech revolution.

The programme is jointly developed by LUMSA Master School and Fintech EduLab.

Why this program?

  • Prestigious faculty:
    You will learn from recognized Fintech experts. Your professors and guest speakers come from prestigious Italian universities, top ranked international universities, innovative startups, consulting firms and leading institutions (policy makers, regulators, banks, etc.).
  • Curriculum designed with the industry for the industry:
    The master’s curriculum has been designed with the support of seasoned banking professionals, visionary entrepreneurs and leading academics.
  • Unique networking opportunities:
    The Master in Fintech & Innovation will offer you unique opportunities to network with leading Fintech companies and experts from all over the world.
  • Careers opportunities in one of the fastest growing industries:
    The skills you will acquire in the program and the master’s international network will open you a wide range of career opportunities.

For more info please have a look at the internship and project work section

Learning objectives

  • Gain an in-depth understanding of the global finance ecosystem and its features
  • Be familiar with the business models and applications that are disrupting the financial industry
  • Learn how to draft, execute, and manage financial innovations
  • Acquire the skills to analyze complex data sets
  • Learn how to develop and run Fintech digital marketing campaigns
  • Master the tools to successfully launch your own Fintech startup
  • Understand how regulation is evolving and changing in line with the main technology developments
  • Acquire a global entrepreneurial mindset

MFI Format
All MFI lessons will be recorded in HD and uploaded to our e-learning platform. Students will have access to the recordings. However, in order to get their MFI degree, students are required to attend in person at least 80% of the classes.
Ad-hoc solutions (e.g. full distance learning) can be discussed.

Admission Requirements
To be eligible for admission to the Master in Fintech & Innovation, a candidate must:

  • hold a  bachelor's degree (“laurea triennale” for the Italian system) or higher qualification (e.g. “laurea magistrale” or master’s degree) or being on track to graduate within April 2020 (last useful graduating session of the a.y. 2018/2019);
  • hold one of the following English language certificates.
    - Cambridge test (minimum level B2) or
    - IELTS (minimum grade 6.5) or
    - TOEFL (minimum grade 85).

If you hold a bachelor's degree entirely taught in English, you are exempted from providing the above English language certificate.
Applicants not holding a certificate can still apply and, upon conditional offer, will be assessed by an English Knowledge Interview.

MFI Career Opportunities
Main career opportunities are as follows:

  • Fintech Entrepreneur
  • Technology/Financial Services Consultant
  • Business Development Manager
  • Innovation Manager
  • Data Analyst
  • Digital Marketing Professional
  • Community Manager

Who is this program for?
Young professionals or graduate/graduating students (Bachelor's degree – “Laurea triennale”; Master of Science’s degree - “Laurea magistrale”; or equivalent) in:

  • Finance, Economics, Business and Management
  • Mathematics, Statistics, Physics, Computer Science and Engineering
  • Law
  • Social and Political Sciences

Degree issued
Students will receive the degree of Master in Fintech & Innovation (“First Level Professional Master Program”).  In order to graduate students are required to attend at least 80% of the classes, successfully pass all examinations and complete one of the following: internship, project work, research project or startup project.

MFI Co-organizer: Fintech EduLab
Fintech EduLab is a company dedicated to shape education in finance. We aim to unlock the potential of Fintech by empowering the next generation of talents. Our programs are designed to equip students with the tools, knowledge, skills and mindset to succeed in the new world of finance. We are supported by a global network of great professionals from leading financial institutions, universities, investors and startups.

Contents and structure: 

Department
Department of Law, Economics, Politics and Modern Languages

Reference area
Human and behavioural sciences

Director
Claudio Giannotti - Director of Department of Law, Economics, Politics and Modern languages and Professor in Banking and Finance at LUMSA University

Scientific Committee
Pasquale Ambrosio – Associate Partner KPMG & Fintech Leader
Ferdinando Ametrano – Executive Director at Digital Gold Institute, Adjunct professor at Milano-Bicocca and Politecnico di Milano
Rym Ayadi – Professor of International Business and Finance, Director of IRCCF at HEC Montreal and Professor at CASS Business School, City University of London and Member of the Centre of Banking Research (CBR)
Giovanni Buono – Co-Founder at Fundsfy
Alessandro Carretta – Professor of Banking and Finance at University of Rome Tor Vergata and Secretary General of Assifact
Federico Cinque – CEO at Fintech EduLab
Gianluca D'Imperio – Group CIB Compliance at UniCredit
Giovanni Ferri – Professor of Economics at LUMSA University
Umberto Filotto – Professor of Banking and Finance at University of Rome Tor Vergata and Secretary General of Assofin
Claudio Giannotti – Director of Department of Law, Economics, Politics and Modern languages and Professor in Banking and Finance at LUMSA University
Filippo Giordano – Msc in Management and Finance Program Director at LUMSA University
Carlo Giugovaz – CEO at Supernovae Labs
Marco Lauro - Head of CRM at Banca Monte dei Paschi di Siena
Raffaele Mauro – Managing Director at Endeavor Italy
Paolo Meola - Co-Founder, Board Member & CTO at Instilla
Carlo Alberto Minasi – Advisory Innovation Officer FSO at EY
Emanuele Mario Parisi - Executive Deputy Head of Retail at UniCredit Central Eastern Europe
Alvise Perissinotto – Managing Director at financeAds
Gianni Pola – Head of Systematic Strategies & Quant Research at Anima SGR
Pier Francesco Procacci - Senior Associate, Quant Research at CITI
Maurizio Raffone –Founder & CEO at Finetiq Ltd
Matteo Rossanigo – Head of Group Organization at Banca Sella Holding
Corinna Scatena – Head of Legal – Mobile Bank at Ferratum Bank
Raffaele Zenti – Co-Founder at VirtualB S.p.A./AdviseOnly

MFI Courses

Foundations of Banking and Fintech
The course aims to set the foundation knowledge of banking and Fintech, guiding students through the main features of financial intermediaries, services and markets and the major drivers disrupting the financial industry. The course will provide a ground understanding of bank’s activities, payment services, asset management and financial consulting.  

New Technology Trends
The course provides students with an overview of some of the latest trends in technology dramatically changing the finance landscape and leading some of the main challenges the finance industry is facing. The course will cover topics including cloud solutions, internet of things and cybersecurity.

Fintech and the Future of Finance
The course provides students with the latest empowering and practical knowledge on Fintech, enabling them to understand the key forces that will redefine the paradigms of finance as well as the players and business models that could transform the financial industry. The course will examine a broad range of areas such as artificial intelligence, blockchain, cryptocurrencies, challenger banks and many more.

Customer Base Acquisition in Fintech
The course aims to present the main theoretical principles behind customer base acquisition in Fintech companies. During the course, students will understand how to create a customer acquisition process, how to optimize it and will be introduced to the use of some of the most common media channels in nowadays digital marketing strategies. Students will be guided through the following topics: target identification, conversion marketing economics, web analytics and performance analysis etc.

Customer Engagement & Retention in Fintech
The course provides students with the skillset to perform a life-time value analysis as well as create strategies and use techniques to engage and retain users. Students will be exposed to some of the opportunities new technologies are bringing to digital marketing. The course will cover topics including machine learning and marketing automation, LTV, segments profitability analysis, people analytics.

Brand Image, Awareness & Reputation in Fintech
The course aims to present the reasoning behind the creation of a trustful and reliable brand in the Fintech industry, as well as to show how to manage corporate reputation on nowadays digital media. The course will analyze themes such as crisis management and communication on social media.

Product and Service Design for Fintech
The course aims to present different (and complementary) approaches to product and services design used in the Fintech industry. Moreover, students will be presented some case studies of successful Fintech companies and discover the path toward the creation of their products/services. Topics like buyer persona analysis, lean startup approach and user experience design will be covered.

Data Science
The course introduces students to machine learning techniques, guiding them through all the main algorithms, both supervised and unsupervised as well as linear and non-linear, and analyzing the best practices related to model selection. Furthermore, a focus on more advanced topics such as deep learning and its applications to textual data analysis (natural language processing) is proposed.
    
Entrepreneurship in Finance
This course aims to provide students with both practical and theoretical foundation tools to become successful entrepreneurs in finance. Visionary entrepreneurs, CEOs and investors will share all the key elements to deal with business idea generation, pitching, business planning, business modeling and financing.

Regulation, Compliance, and Regtech
The course gives a comprehensive overview of both Fintech regulation and compliance and examines how they are evolving. Also, the course will explain the Regtech ecosystem and how it is changing the way institutions think of regulatory reporting, compliance and monitoring. Students will become familiar with hot topics such as PSD2, GDPR, KYC etc

Key facts:

  • Maximum intake: 50 students
  • Minimum intake: 15 students
  • Program Structure:
    a)    In-class lectures and webinars
    b)    Internship / Project Work / Research Project / Startup Project
    c)    Final dissertation
  • Language: English
Professors and guest experts: 
  • Giorgio Acunzo - Italy IFRS desk country Leader at EY
  • Fabio Allegreni – Partner at Crowd Advisors
  • Pasquale Ambrosio - Associate Partner KPMG & Fintech Leader
  • Rym Ayadi - Honorary Professor at CASS Business School & Member of the Centre for Banking Research at City University of London
  • Claudio Bedino - Co-Founder & COO at Oval Money
  • Filippo Bernasconi – SEO/SEM Specialist
  • Angelo Daniele Blancato - Chairman at BorsadelCredito.it
  • Stefano Bonini -  Executive at Accenture Management Consulting
  • Giovanni Buono – Co-Founder at Fundsfy
  • Federico Cinque – CEO at Fintech EduLab
  • Claudio D'Auria - Founding Partner at Moderari and Adjunct Professor at University of Turin
  • Gianluca D’Imperio - Group CIB Compliance at UniCredit
  • Paolo Graziani - Head of Advertising and Brand Identity at Banca Monte dei Paschi di Siena
  • Gianni Fanti – Senior Manager at  EY Financial Accounting Advisory Services
  • Francesco Felicetta - ICT Brand Manager at ELIS.Org
  • Roberto Ferrari - Chairman at ClubDealOnline, former Chief Digital & Innovation Officer at Mediobanca
  • Michele Foradori - Investment Manager at BlackFin Capital Partners
  • Umberto Filotto – Professor of Banking and Finance at University of Rome Tor Vergata and Secretary General of Assofin
  • Diego Franzin - Former Head of Equity at Amundi
  • Mariano Gambaro - Head of Advisory Business Model at Banca Finnat Euramerica
  • Claudio Giannotti – Director of Department of Law, Economics, Politics and Modern languages and Professor in Banking and Finance at LUMSA University
  • Carlo Giugovaz - CEO & Founder of Supernovae Labs
  • Marco Lauro - Head of CRM at Banca Monte dei Paschi di Siena
  • Nadia Linciano - Head of the Economic Research Unit, Research Department at Consob
  • Giordano Lombardo - Co-Founder & Chairman at Rationis, former CEO of Pioneer Investments
  • Raffaele Mauro - Managing Director at Endeavor Italy
  • Paolo Meola - Co-Founder, Board Member & CTO at Instilla
  • William Metcalfe - Co-Founder at Curvegrid, ex CTO of Gilt Groupe Japan
  • Carlo Alberto Minasi - Advisory Innovation Officer FSO at EY
  • Alessandro Onano - CMO at Moneyfarm
  • Nazarena Parenti - UX/UI e PSS Designer at Instilla
  • Emanuele Mario Parisi - Business Manager to Head of Central Eastern Europe Retail division at UniCredit
  • Alvise Perissinotto - Managing Director at financeAds
  • Nicolò Petrone - Head of Europe at Medici
  • Alessio Pisa - CEO at Instilla
  • Gianni Pola - Head of Systematic Strategies & Quant Research at Anima SGR
  • Pier Francesco Procacci - Senior Associate, Quant Research at CITI
  • Maurizio Raffone - Founder & CEO at Finetiq Ltd
  • Gionata Rogiani – Co-Founder & CTO at Fintech EduLab
  • Matteo Rossanigo - Head of Group Organization at Banca Sella Holding
  • Emanuele Seghetti - CMO at Instilla
  • Sofia Viola – HR & Organization Analyst at Cally
  • Jeff Wentworth - Co-Founder of Curvegrid, former Vice President at Goldman Sachs
  • Raffaele Zenti - Managing Partner & Co-Founder of Virtual B

Many other professionals are joining our faculty!

See the interviews of the professors of the first edition

Internship and project work: 

In order to fulfill the master requirements, students have to choose one of the following:

Internship:
The Master in Fintech & Innovation will connect its brightest students with its global network and will support them in finding professional opportunities through its ecosystem of partners made up of leading startups, financial institutions and consulting firms.

Project Work:
Students will be asked to work on a task-based assignment. The Project Work addresses real business issues and will be realized in collaboration with a sponsor company.

Research Project:
Students undertaking the Research Project need to prepare a research paper on an advanced Fintech related topic. The project is recommended for students with a strong interest in research. The project can be realized in collaboration with a sponsor company.

Startup Project:
Students will be required to apply the knowledge and tools acquired in class to create a detailed and comprehensive business plan outlining all the key elements necessary to properly set up a successful business.

Tuition fee and scholarships: 

Tuition fee
€ 8,516 (for all students) - to be paid in 3 installments as follows:

  • € 3.000 +  € 16 stamp duty upon enrollment
  • € 3.000 by March 2020
  • € 2.500 by June 2020

Payments must be made by bank transfer in favor of:
LUMSA - UBI - BANCA POPOLARE DI BERGAMO
IBAN IT 57 B 03111 03226 000000005620;
BIC / SWIFT  BLOPIT22.

In the reason field specify your full name and insert “Master Fintech & Innovation” (e.g. First Name Surname, “Master Fintech & Innovation”)
(for payments to do outside Italy, remember to specify to the bank 'expenses our' (all expenses only charged to the orderer).

Scholarships:
MFI scholarships will be offered to outstanding successful applicants.
The MFI has issued 12 scholarships as follows:

  • 1 full scholarship for the MFI tutor
  • 3 scholarships of the amount of 4.000€
  • 8 scholarships of the amount of 3.000€

Applications will be selected on a rolling basis and both academic and professional merit will be considered. Applicants do not need to apply separately for scholarships.

Length: 
10 months
Fee: 
€ 8,516
Language: 
ENG
Start: 
January 2020
Immagine: 
Loghi partners principali: 
Ufficio destinatario: 
fintech@lumsa.it
Curriculum: 

Foundations of Banking and Fintech (48h) 6 ECTS

New Technology Trends (24h) 3 ECTS

Fintech and the Future of Finance (42h) 6 ECTS

Customer Base Acquisition in Fintech (36h) 5 ECTS

Customer Engagement & Retention in Fintech (18h) 2 ECTS

Brand Image, Awareness & Reputation in Fintech (24h) 3 ECTS

Product and Service Design for Fintech (24h) 3 ECTS

Data Science (48h) 6 ECTS

Entrepreneurship in Finance (36h) 5 ECTS

Regulation, Compliance, and Regtech (24h) 3 ECTS

After the lessons in class, students will be required to choose one of the following:
a)    Internship 15 ECTS
b)    Project Work 15 ECTS
c)    Research Project 15 ECTS
d)    Startup Project 15 ECTS

Final Dissertation 3 ECTS

Location and schedule: 

Location
LUMSA University,
Via Pompeo Magno, 22
00192 - Rome (Italy)

Duration
10 months

Period
January 2020 - November 2020

Master’s Calendar
Lessons will be held on Thursday afternoon, Friday and Saturday.
Enrolled students will be provided with a detailed calendar of the MFI lessons.

How to apply: 

Application Deadline
Application form must be sent to finetch@lumsa.it for the selection before January 12th 2020. However, you are strongly encouraged to apply early as we review applications on a rolling basis.
Please allow us two/three weeks to review your application.

Application documents to attach:

  • Curriculum vitae et studiorum
  • Motivation letter
  • Copy of your bachelor’s degree1 (if you have a master’s degree, please attach both the certificates) along with official transcript of records of all your degrees12,  
    or in case you have not graduated yet3 :
  • A certified statement from your university confirming that you are in the last year of your undergraduate studies along with official transcript of records2
  • One of the following English language certificates.
    - Cambridge test (minimum level B2) or
    - IELTS (minimum grade 6.5) or
    - TOEFL (minimum grade 85).
  • One copy of the ID Card/Passport
  • A copy of the Fiscal code (if any)

If you hold a bachelor's degree entirely taught in English, you are exempted from providing the above English language certificate.

You may also upload a screen print with your test results (from the test organization’s website).

Applicants not holding a certificate can still apply and, upon conditional offer, will be assessed by an English Knowledge Interview.

We carefully consider each application on an individual basis, taking into account all the information provided on your application. We do not look just for high grades but rather for well-rounded and motivated students.

We are happy to help you in submitting a top application.
If you need any support with your application, please email us at fintech@lumsa.it.

1 For Italian students: self-certification.
2 All submitted documents must be in English or Italian
3 Students not yet graduate and on track to graduate within April 2020 (a.y. 2018/2019) are welcomed to apply: if the selection is passed, and all the other requirements fulfilled, graduating candidates will be admitted “with reserve” to attend the Master’s program. Under penalty of forfeiture, they must promptly notify to Segreteria LUMSA Master School the successful completion of the qualification, which must take place within April 2020 (last useful graduating session of the a.y. 2018/2019).

Enrollment form
Only those applicants who have been formally offered a place in the program are required to download the Enrollment form and complete the enrolment procedure within 15 days from the offer notification date.

Enrollment form should be sent to perfezionamento@lumsa.it

Enrolment documents to attach:

  • Self-certification of the university degree duly signed or its certification including the degree mark (for Italian students).
  • If in possession of a qualification obtained abroad, it is necessary to attach the final degree in original (or a certified copy), its legal translation in Italian (for documents issued in languages different by English, French, Spanish) and the “Dichiarazione di valore” (Declaration of value) issued by the Italian Embassy/Consulate of the country of study or the statement of comparability issued by an ENIC-NARIC center or the diploma supplement issued by the university with an English version. LUMSA always reserves the right to request additional documentation useful for the qualifications’ evaluation.
  • Transcript of the university’s exams.
  • Copy of the Receipt of the first installment (refundable only in case the program is not activated) to be paid via bank transfers as follows:
    EUR 1.500 to LUMSA – UBI BANCA SPA – IBAN IT 57 B 03111 03226 000000005620
    BIC/SWIFT   BLOPIT224
    (for payments to do outside Italy, remember to specify to the bank 'expenses our' (all expenses only charged to the orderer).
    (please specify First Name and Family Name of the candidate, and Master in Fintech &Innovation)
  • Receipt of the Registration on LUMSA website (not needed for LUMSA graduates):
    for foreign students
    for Italian students

For international students:

  • Copy of the residence permit or copy of the appointment at the Police Headquarters to request a residence permit.
  • Copy of the passport and of the Visa.

For European Union’s students:
Identity card or passport’s copy.

  • Picture (JPEG) with the following characteristics: recent and clear close-up photo, width of 35-40 mm; HD, clear and plain background, max 5 Mbyte.

 4Registration duties are not to be considered for VAT purposes, no bill will then be issued for the subscription fee due to LUMSA.
 

Contacts

For enquiries about the program: fintech@lumsa.it
For administrative information: perfezionamento@lumsa.it

Ufficio destinatario ADV: 
contact@mangoadv.com
Based: 
Rome (Italy)
Scholarships: 
12