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FinTech Innovation Hub
The FinTech Innovation Hub on the University of Delaware’s Science, Technology and Advanced Research (STAR) Campus is a nexus for high-quality education, groundbreaking research and workforce development in the exciting field of financial technology. It serves as a national center of excellence that leverages the region’s expertise and assets to address broad challenges in financial health.
Created through a partnership with Delaware Technology Park and Discover Bank, and with state and federal funding, the FinTech Innovation Hub brings together unique strengths and resources to create the tools to help individuals and families build wealth and fair access to credit, to support entrepreneurs and to continue growing the robust financial-services sector and small business community. UD students benefit through experiential learning, research and engagement opportunities, preparing them to lead and succeed in this high-demand industry.
The FinTech Innovation Hub also plays a key role in economic development in Delaware. Since the 1980s, Delaware has been a global leader in banking and financial services, which account for 9% of the state’s jobs. The Hub’s assets and its prime location in the mid-Atlantic technology corridor help Delaware secure and expand its central role in these sectors, while also attracting greater investment from out-of-state firms.
“The FinTech Innovation Hub adds another gem to UD’s STAR Campus, where collaborative hubs in health and life sciences already are thriving and strengthening the economy of the whole region. The research and innovation at this new hub will expand Delaware’s legacy of national leadership in financial services, drawing on UD’s top-shelf expertise in finance and technology. It also opens new space for education, giving our students access to a highly collaborative ecosystem and preparing them for great jobs and future success. And it puts UD and the state at the forefront of promoting equity in financial services and health — two serious problems facing our world.” — UD President Dennis Assanis
Meet the Co-Directors
The University of Delaware has two new co-directors for its financial technology work at the new FinTech Innovation Hub on UD’s Science Technology and Advanced Research (STAR) Campus. Rudolf Eigenmann, distinguished professor of electrical and computer engineering in the College of Engineering, will oversee research. Carlos Asarta, professor of economics in the Alfred Lerner College of Business and Economics, will oversee education and outreach.
As part of UD's ongoing commitment to fostering innovation and collaboration in the field of financial technology, we are pleased to announce the 2024 FinTech Technical Workshop on May 13 (FinTech Innovation Hub, STAR campus). Building on the momentum of the inaugural FinTech Conference on April 19, this new Workshop series focuses on the technical aspects of Fintech, inviting researchers, practitioners and industry experts to discuss the latest technology advancements, challenges, and opportunities in this space.
More information is available on the FinTech Technology Workshop's website and registration is complimentary.
FINTECH TECHNOLOGY WORKSHOP
9:15 Kimberley Isett, UD vice provost - Welcoming Remarks
9:25 J. Michael Bowman, Delaware Technology Park and UD associate director of OEIP - Keynote: What would Leonardo do?
10:15 Gang Wang, UD associate professor - The Double-Edged Roles of Generative AI in Creativity
10:45 Coffee Break
11:00 Alex Chinco, Baruch College assistant professor - Proving You Can Pick Stocks Without Revealing How
11:30 John D’Arcy, UD professor - Chief Information Officers Joining Outside Boards of Directors: Impact on Their Home Firms’ Cybersecurity
12:00 Eugenio Cerutti, International Monetary Fund - A Primer on Bitcoin Capital Flows: Measurement and Drivers
12:30 Lunch Break
1:45 Akhtarur Siddique, US Treasury, office of the comptroller of the currency) - Stablecoins: Funding and Market Liquidity
2:15 Alberto Rossi, Georgetown University professor - Fighting Climate Change with FinTech
2:45 Coffee break
3:00 Sebeom Oh, Temple University PhD student - Digital Veblen Goods
3:30 Closing Remarks
Keynote speaker - J. Michael Bowman
We are pleased to announce that our keynote speaker will be J. Michael Bowman. He is the Associate Director of the University of Delaware’s Economic, Innovation and Partnerships and the State Director of the Delaware Small Business Development Center . Bowman founded and is President of the Delaware Technology Park, Inc. (DTP), a collaboration between the State of Delaware, the University of Delaware and private industry, formed to launch and support technology companies across a diverse group of industries. Prior to leading Delaware Technology Park, Bowman was a Vice President and General Manager for E.I. duPont de Nemours and Advanced Material Systems Business.
Lunch & Learn Series
Bi-weekly on Wednesdays. Lunch will be provided.
Up Next: DelTechpark/Growthstage (Pedro Moore), Creating Fintech Startups (Andrew Novocin)
When: May 8, 2024, 11:30 a.m. to 1 p.m.
Venue: 301 Innovation Gallery, FinTech Innovation Hub, 591 Collaboration Way, Newark, DE 19713
The FinTech Lunch & Learn events bring together the UD community with corporate occupants of the FinTech Innovation Hub facility and fintech stakeholders in the greater Delaware region. During the events, we will discuss issues and collaborative opportunities in financial technology and its applications aiming to advance financial services and to address related societal problems. The FinTech Lunch & Learn series will be occur bi-weekly on Wednesdays for eight weeks.
Upcoming (same time and location):
May 22, 2024: DelawareBio (Michael Fleming), Health Risk Analytics (Prof. Jiaheng Xie) and FinTech's Exponential Impact Potential with Special Student Groups (Prof. Amanda Bullough)
Previously:
May 8, 2024: DelTechpark/Growthstage (Pedro Moore), Creating Fintech Startups (Andrew Novocin)
April 10, 2024: CollegeAve (Joe DePaulo) and UD Center for Economic Education and Entrepreneurship, CEEE (Carlos Asarta)
Mar. 13, 2024: Tech Impact and Impact of Technologies (Prof. Gang Wang)
Feb. 28, 2024: The Kendal Corporation and UD Center for Cybersecurity, Assurance and Privacy
Feb. 14, 2024: Using the FinTech Innovation Hub to advance financial technology and wellness in Delaware.
Suggestions for event presentations and discussions are welcome. Please contact Rudi Eigenmann, eigenman@udel.edu.
To receive updates on the FinTech Lunch & Learn events, please join the fintech-ud@udel.edu mailing list by contacting nglittle@udel.edu.
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ABOUT THE FINTECH INNOVATION HUB FACILITY
Located on the University of Delaware’s Science, Technology and Advanced Research (STAR) Campus, the FinTech Innovation Hub enables ground-breaking research and cross-disciplinary collaborations. It provides space, resources and technical assistance to early-stage financial and business software entrepreneurs and startup companies.
RESOURCES
Spaces for startups to develop and grow, managed by Delaware Technology Park, with onsite access to business development resources and technical assistance
Labs and centers associated within UD’s College of Engineering and Alfred Lerner College of Business and Economics focused on financial analytics and literacy, cybersecurity, human-machine learning and data analysis
The Data Innovation Lab, a division of Tech Impact, which will convene policymakers, entrepreneurs, corporate innovators and community advocates, including through a year-long, full-time fellowship program
Tenant Organizations
UD-Affiliated
Facilitates teams of AI partners within and outside UD to collaboratively apply technological solutions and create impactful and beneficial AI projects.
One-on-one hoteling space for career advisors and community outreach professionals to facilitate conversations among students, business leaders, entrepreneurs, research scientists and engineers, yielding a team-based mentoring approach that is a critical component of workforce development and community engagement.
Advances the research frontiers and the underlying infrastructure at the nexus of computational and data science, enabled by high-performance computing and big data.
Provides more than 2,000 teachers annually with high quality, grade-appropriate professional development and peer-networking opportunities to empower them to deliver the practical skills students need to graduate as economically literate and flourishing citizens.
Explores programming models and their usage to parallelize and accelerate scientific applications on large scale supercomputers.
Empowers aspiring innovators as they pursue new ideas for a better world. Committed to supporting student success and cultivating a lifelong community of collaboration, connections and impact through venture development, and academic programs, certificates and the Innovation Fellows program.
Facilitates the economic impact of UD’s research commercialization for the benefit of the public and the state. The Office includes the Technology Transfer Office (TTO), the Small Business Development Center (SBDC) and the APEX Accelerator Delaware.
Partners
Advancing financial health and wellness for low- to moderate-income populations and other underserved communities by supporting and scaling real-world technology solutions.
Serves diverse life-science sectors with the goal of expanding the state’s vibrant science-based economy. Delaware Bio’s 130-plus member companies and organizations represent 8,000 innovation-based jobs vital to Delaware’s economic future.
The largest consumer-only bank in the U.S. and a leading fintech employer in Delaware, Discover Bank has established a $36 million venture fund and has deployed $40 million in Community Reinvestment Act funds to develop the FinTech Innovation Hub.
The first healthcare analytics company to deliver multi-dimensional and patient performance data and comparative efficacy metrics to optimize the continuum of care.
A leading national not-for-profit organization of communities, programs and services that advocate for and empower older adults to achieve their full potential with a focus on financial literacy, equity and digital security. Kendal has located its national HQ to STAR Campus and has a university-collaboration model that drives innovation.
A team of professionals that innovates in global supply chain functions and risk, and developers that build innovative, high-performance applications.
A non-profit organization that leverages technology to advance social impact, partnering with hundreds of non-profit organizations around the world to realize the potential of technology to achieve their mission and improve outcomes.
To stay updated on activities and opportunities for participation:
- Carlos Asarta, Director of Education and Outreach, asarta@udel.edu
- Rudolf Eigenmann, Director of Research, eigenman@udel.edu
To discuss business opportunities or for other information:
- Tracy Shickel, Associate Vice President of Corporate Engagement, tshickel@udel.edu, 302-513-1366
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