The University of Central Florida (UCF) has launched an innovative fintech program aimed at preparing students for careers in the rapidly evolving technology and financial sectors. Located in Orlando, which is recognized as one of the top ten fastest-growing tech hubs in the United States, UCF’s program aligns with emerging industries projected to see significant growth. With a forecasted 27% increase in tech industry jobs by 2030, the demand for skilled professionals in financial technology is particularly notable.
UCF’s fintech program, established in 2019, offers a comprehensive curriculum that includes undergraduate certificates, a minor in fintech, a master of science in financial technology, and various online programs. This initiative marks UCF as home to the first master’s degree in fintech in Florida. The program responds to a clear need for educational frameworks that support the growing demand for fintech roles, especially in a state that hosts the third-largest cluster of banking and insurance companies in the country.
The job market for financial analysts is expected to grow by 12.2% by 2030, while blockchain developers may see an increase of 32%, and cyber defense analysts could experience a rise of 33%. Each year, the master’s program at UCF graduates between 60 to 70 students, many of whom secure positions at major financial institutions and consulting firms throughout Central Florida and beyond.
Innovations in Fintech Education
As part of its commitment to staying at the forefront of fintech education, UCF plans to develop an artificial intelligence (AI) lab within its finance department. This facility will enable students and researchers to access blockchain data directly, enhancing their understanding of cryptocurrency markets and transaction networks.
Associate Professor of Finance Cuneyt Akcora emphasizes the importance of preparing students for future roles in this dynamic field. “If I’m right, in a few years we will see all major banks and financial institutions have blockchain offices,” he stated. His research into Bitcoin and blockchain technology underscores the rapid evolution of the financial landscape and the necessity for educational programs that adapt to these changes.
Under the guidance of Christo Pirinsky, the director of the fintech program, UCF is also conducting research focused on credit analysis and AI applications in financial institutions. Pirinsky is examining how AI technologies can access personal data and the ethical implications that arise from such access. “How do you draw the line?” he questioned, highlighting the ongoing debate about data privacy in the realm of financial technology.
Research Driving the Future of Fintech
Prior to joining UCF, Pirinsky worked with the Securities and Exchange Commission in Washington, D.C., where he studied the intersection of technology and finance. His research employs data analytics to explore various aspects of finance, including behavioral economics and corporate finance.
In collaboration with UCF colleagues, Pirinsky has developed a unique method for measuring financial firms’ exploratory activities through linguistic analysis of annual reports. This innovative approach aims to track how firms adapt to new technologies and concepts, such as cloud computing, which has transformed industries over the last two decades.
Akcora’s research, which began in 2017, has focused on predictive models for Bitcoin prices and identifying network anomalies that may signify hacking attempts. His work has led to the development of a comprehensive framework for analyzing blockchain addresses, which could significantly benefit both researchers and students.
As the fintech sector continues to expand, UCF’s proactive approach to education and research positions the university as a key player in shaping the future workforce. With programs designed to equip students with the necessary skills and knowledge, UCF is poised to make a lasting impact on the financial technology landscape.
