INDIAN INSTITUTE OF

MANAGEMENT, LUCKNOW

EXECUTIVE PROGRAMME IN
FINTECH, BANKING & APPLIED RISK
MANAGEMENT
5 MONTHS, LIVE ONLINE & ON-CAMPUS IMMERSION
Overview
In today's cryptocurrency era, finance and technology have emerged as the two sides of the same coin.
While inclusive access to financial services is on an all-time rise, risk management aimed at consumer
protection and financial stability is emerging as an undisputed necessity. The Executive Programme in
Fintech, Banking & Applied Risk Management from IIM Lucknow, provides an overview and working
knowledge of risk governance and long-term value creation in the light of these digital disruptions and
new regulations. This programme is delivered via interactive live online sessions and a two-day
on-campus immersion at the IIM Lucknow campus. The industry-relevant programme curriculum will
benefit professionals in banking, fintech and NBFCs as well as IT professionals working on
fintech/blockchain projects.

Demand for virtual cards India witnessed an 87% Need for fintech professionals
has shot up by 600% amidst fintech adoption rate in 2019. will increase by 42% by the
the COVID-19 crisis. end of 2020.

Source: NASSCOM, Source: EY Global FinTech Adoption Source: The Economic Times,
April 21, 2020 Index 2019 June 6, 2020

STARTS ON
December 13, 2020

ON-CAMPUS IMMERSION
2 Days (May 2021)

PROGRAMME FEE
INR 1,07,500 + GST

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WHO IS THIS PROGRAMME FOR?
With banks supporting fintech companies, gaining a working knowledge and certification from IIM
Lucknow in fintech, blockchain applications, banking, and risk management will be a rewarding step
for your career. This programme will be beneficial to:

Mid to senior-level managers working in the banking

and financial services sector eager to understand risk
management and control in an evolving business
environment

Business leaders in banking and financial institutions

working across risk and compliance portfolio and keen to
gain a deeper understanding of risk governance in a
disruptive world

Risk management consultants and finance professionals

working in a bank or a fintech organisation or handling
similar clients/projects

Early-career professionals or those aspiring for a career in

risk management roles and have completed certifications
like CFA, FRM, and CA.

Entrepreneurs and business owners interested in scaling

business growth through effective risk management

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PROGRAMME HIGHLIGHTS

Receive a certificate of Experience a two-day Learn how risk management

completion from one of India’s on-campus immersion at evolves in this disruptive and
top B-Schools (NIRF, 2020) the IIM Lucknow campus innovative environment

Become industry-ready and Gain a global outlook with Apply programme learnings
learn from real-world business insights from IIM Lucknow in a hands-on capstone
applications, industry case studies faculty and international project based on a real-world
and tools expert practitioners business case

India is the only country in the world

with over a billion mobile connections
and biometrics, providing enough
scope for penetration of fintech
technology.

Amitabh Kant,
CEO, Niti Aayog

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PROGRAMME DIRECTORS
Prof. Prakash Singh
Programme Director & Professor,
Finance and Accounting

Prof. Prakash Singh is a B.E. in Mechanical Engineering from HBTI, Kanpur, an

MBA from Lucknow University and holds a PhD from BITS, Pilani. His research
interests include Performance and Regulation of Banks, Risk Management in
Financial Institutions, Microfinance, and Valuation of Start-ups. His research
contributions have been published in various peer-reviewed journals. He also
serves as an Independent Director on the Board of NBFC-MFIs as well as on the
advisory board of UP Power Corporation, PICUP, SIDBI and LMA among other
organisations. He is also the Faculty Convener at SCIFI, an IIM Lucknow - SIDBI
sponsored incubation centre promoting start-ups in the space of Fintech.

Prof. Vikas Srivastava

Programme Director & Professor,
Finance and Accounting

Prof. Vikas Srivastava is an MBA, PhD and a visiting Doctoral Fellow at the
Helsinki School of Economics under a scholarship by the European Union. His
primary research areas are Project Finance, Corporate Banking and Credit Risk
Management. He has managed consulting assignments for IFC Washington
and ADB Manila on sustainable lending and provided consulting and over 120
specialised training programs to RBI, large public sector banks, Centre for
Banking Studies, Central Bank of Srilanka and Bangladesh Bank. He has
co-authored a textbook on Project Finance published by Oxford University
Press, besides having publications in several international journals and articles
in financial dailies.

$1.4 Bn
In the past three years, fintech
start-ups working on blockchain
have attracted venture capital
funding of over $1.4 Bn.
Source: Deloitte & CII’s Vision 2020 Report

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PROGRAMME DIRECTORS’ MESSAGE
Traditional models of profitability are no longer working for financial institutions. Big data analytics,
artificial intelligence and blockchain have brought in sweeping changes. New customer-centric
strategies are offering more inclusive access to financial services. As a result, the evolving banking and
finance industry is on the lookout for a competent workforce.

But most programmes either offer an overview of risk management or focus on technologies. IIM
Lucknow’s Fintech, Banking & Applied Risk Management is a one-of-a-kind programme that
combines both to prepare you for a career in the rapidly changing economic environment.

This programme’s industry-relevant pedagogy will help you distinguish yourself in the BFSI industry.
Learn from renowned IIM Lucknow faculty and develop your competence in risk management
practices and financial tools.

We look forward to your participation in the programme.

Prof. Prakash Singh Prof. Vikas Srivastava

Programme Director & Professor, Programme Director & Professor,
Finance and Accounting Finance and Accounting

2x
Fintech investments in
India nearly doubled to
$3.7 billion in 2019.
Source: The Economic Times,
February 20, 2020

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PROGRAMME MODULES

MODULE OVERVIEW OF RISK MANAGEMENT IN

01 BANKING & FINANCIAL SERVICES
Overview of Banking and Business Cycles, Capital Adequacy
Financial Services Industry – and Supervision and Regulatory
Global and Indian. Forbearance

Understanding Basic Interest rate risk and Asset

Definitions of Risk Liability Management

Understanding Financial Management of Liabilities –

Statements and using it as a Pricing of deposits and deposit
proxy for capturing banking mix
risks Market Risk Capital Charge under
Liquidity Risk SMM and IMA

MODULE DIGITAL DISRUPTION, INNOVATION,

02 AND TRANSFORMATION IN FINANCIAL
SERVICES & BANKING
Innovation Frameworks Retail Banking and use of

Foundations of FinTech and analytics, Wealth Management

Associated Risks and Robo Advisors

Applications of ML & AI in Credit Analytics and Investment

FinTech; Risk Management, Analytics

Credit Scoring Fintech Applications in Banking

Data Driven Financial and Financial Services

Analytics in Risk Management FinTech and MSME lending

and Fraud detections landscape

Cyber Security and Financial Design Thinking, Digital Strategy,

Issues in Fintech: Navigating Gamification and Future of
the Risks FinTech

Alternative Finance Channels

and Instruments

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PROGRAMME MODULES

MODULE REGULATORY LANDSCAPE AND

03 RISK MODELS
Risk Management Practices Distressed debt and Insolvency
under Basel I, II, III and IV and Bankruptcy Code –

Credit Risk Models and Evolution of IBC, successful case

Portfolio credit Risk studies

Management Operational Risk Management

Stress Testing, Value at Risk, Economic Capital, Risk

ICAAP and ECL provisioning Governance and RAROC
frameworks

MODULE UNDERSTANDING TOOLS OF RISK

04 MANAGEMENT

Risk Management Products Options, Black Scholes Mertons

and Derivatives across Risk Model and Underlying Volatility
Classes Hedging with Futures
Interest Rate futures and Interest rate and Exotic options
Basic Swaps

MODULE UNDERSTANDING BLOCKCHAIN IN

05 RISK MANAGEMENT

Blockchain Applications Asset Management and Payment

Distributed Ledger Systems

Technologies Crypto Currencies and ICO

InsureTech, WealthTech and Digital Payments and Alternative

e-Banks Investment Markets

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REAL-WORLD CASE STUDIES
ICICI Bank – Videocon Saga: Fraud detection in Banking, Indian Institute of Management,
Lucknow

The second-largest bank of India, ICICI Bank, and its former CEO, Mrs Chanda Kochhar, had been
in the news after the loan issued to Videocon was declared as NPA. With allegations against Mrs
Chanda Kochhar of having a personal interest, the CBI registered a preliminary inquiry against
Deepak Kochhar (Chanda Kochhar's husband) and Venugopal Dhoot, Chairman of the Videocon
Group, to investigate the loan given to the company.

Zerodha – Sustaining a leadership position in India, Harvard Business School Publishing

In January 2019, the low-cost brokerage house Zerodha emerged as India's largest broker.
However, the company needed a strategy to maintain and defend its leadership position by
tapping India's retail broking segment for continued growth. And in a market swamped with
nearly identical products, Zerodha needed a strategy to avoid being confused with similar firms
and to consistently be consumers' first choice.

Risk Management at Wellfleet Bank, Harvard Business School Publishing

This case motivates a debate on the role of staff functions, such as risk management and
risk-adjusted returns. The case describes the risk assessment process in the corporate banking
arm of Wellfleet Bank around an illustrative business proposal in the corporate lending business
and illustrates the decision challenges faced.

Cardpe: Assessing the Market Potential in a Dynamic Payments Ecosystem in India, Harvard
Business School Publishing

Set in December 2016, the case follows Sumeet Mehta, CEO of Cardpe Services Private Ltd. when
they were all set to launch a mobile Point-of-Sale (mPOS) device that processed credit/debit card
payments. With the increased focus on digitalisation and Government measures promoting a
less-cash economy, this case explores the innovation adoption model and the challenges involved
in altering market behaviour; and devising a marketing strategy to overcome barriers involved in
product adoption.

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LEARNING OUTCOMES

Learn about critical banking and

financial risks, capital and regulatory
requirements, as well as asset-liability
management

Develop the ability to Gain insights into the

understand risks and broader context behind

make strategic analytical models and

operational decisions approaches to risks in the

banking sector

Explore popular Understand the changing

real-world blockchain dynamics of corporate
applications within the segments for creating a
risk management risk-adjusted positive
paradigm return portfolio of assets

Understand how tools such as Explore capital and liquidity

value-at-risk and stress-testing regulatory landscape relating to
as well as derivative instruments advanced fund transfer pricing,
assess and hedge risks liquidity risks and bankruptcy
proactively resolution laws

Apply risk-management tools to

identify, mitigate and manage
risks faced in the BFSI industry

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CERTIFICATE
On successful completion of the programme, with a minimum 75% attendance, participants will be
awarded a certificate of completion. If a participant does not meet the attendance criteria, then he/she will
be given a certificate of participation from IIM Lucknow.

Note: All certificate images are for illustrative purposes only and may be subject to change at the discretion of IIM Lucknow.

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PROGRAMME DETAILS
ELIGIBILITY
Programme Schedule
Graduate with minimum 1 year of work
Duration 5 Months experience
Screening and selection will be done by IIM
Programme Dec 13, 2020 Lucknow
Start date
EVALUATION
Live Online 3 hours / week Examination / Evaluation shall be conducted
Sessions Sunday 6.45 pm to 9.45 pm by the Institute
An examination will be held for every course.
Attendance - Attending the on-campus Participants will be given any one of the
immersion is mandatory following grades: “Excellent”, “Good”, “Fair”
- Minimum 75% attendance and “Poor”
in each of the modules PROGRAMME APPLICATION LINK
Click here to apply to the programme.

Payment Schedule
Programme Fee INR 97,500 + GST (Early Bird fee till Sep 30, 2020)
INR 1,07,500 + GST (Standard Fee from Oct 1, 2020)
Instalment Schedule

Instalment 1 Instalment 2 Instalment 3

Remarks Within 7 days of selection Dec 07, 2020 Feb 20, 2021
Early Bird* INR 20,000 + GST INR 40,000 + GST INR 37,500 + GST
Standard INR 20,000 + GST INR 40,000 + GST INR 47,500 + GST
*Applicable till Sep 30, 2020.
Note: GST (currently @ 18%) will be charged extra on these components.

Round-wise Application Dates

Round 1 Round 2 Round 3

Sep 30, 2020 Oct 30, 2020 Nov 17, 2020
INR 1,500 + GST INR 2,000 + GST INR 2,500 + GST
Note: Admissions are on a first-come, first-serve basis. There might not be subsequent rounds if seats are filled in the initial rounds.

Finance options available. Click here to know more.

For more information please email at iiml_fintech@eruditus.com

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ABOUT IIM LUCKNOW
The Indian Institute of Management (IIM) Lucknow, is one of the premier national level institutes of
management in India, involved in generating and imparting knowledge in the field of management.
IIM Lucknow stands tall on the foundation of an excellent, committed and profoundly knowledgeable
faculty, innovative and unique pedagogical tools and an eclectic and diverse student community that
has a burning desire to make new paths of its own.

4TH Best Business Schools in India

RANK
(NIRF, 2020)

The Association of MBAs (AMBA) has accorded accreditation to the Institute's PGPM, IPMX, and WMP
programmes. IIM Lucknow is one of the only Indian schools globally recognised by the QS World Rankings
in the business-management studies category, next to IIM Bangalore and ISB, Hyderabad.

ABOUT ERUDITUS
Eruditus Executive Education offers customised and open programmes in India, Singapore, Dubai and
other global locations in collaboration with MIT Sloan, Columbia Business School, INSEAD, Harvard
Business School (HBS), Kellogg Executive Education, Berkeley Executive Education, Wharton
Executive Education, IIM Lucknow Executive Education, IIM Calcutta Executive Education and
EMERITUS. It offers world-class executive education to grow businesses continuously. Led by alumni of
INSEAD and Harvard and supported by eminent programme experts, the programmes are designed
to give a learning experience integrated with sustainable business applications. Programmes are
crafted in a different range of formats; in-class, online as well as blended programmes. The portfolio
includes short 2 to 4-day in-class workshops, online courses of 2-3 months duration as well as
comprehensive learning journeys that run over 6-9 months, customised to an organisation’s
requirement.

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Apply for the programme here

APPLY NOW

For registration and any other information,

please get in touch with us at iiml_fintech@eruditus.com

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