INDIAN INSTITUTE OF

MANAGEMENT, LUCKNOW

EXECUTIVE PROGRAMME IN
FINTECH, BANKING & APPLIED RISK
MANAGEMENT
6 MONTHS, LIVE ONLINE SESSIONS
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 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 As of March 2020, India Need for fintech professionals
has shot up by 600% amidst accounted for the highest will increase by 42% by the
the COVID-19 crisis. fintech adoption rate at 87%. end of 2020.

(NASSCOM, 2020) (Research And Markets Report, 2020) (The Economic Times, 2020)

STARTS ON
December 26, 2021

DURATION
6 Months

PROGRAMME FEE
INR 1,07,500 + GST
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
PROGRAMME HIGHLIGHTS

Receive a certificate of Learn from immersive Learn how risk management

completion from one of India’s live online sessions, without evolves in this disruptive and
top B-Schools (NIRF, 2020) taking a career break 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
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
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
ERUDITUS GLOBAL FACULTY
Prasar P. Sharma
Principal Consultant,
Evolution Partners

Prasar is a business technology expert and an evangelist focusing on

emerging technologies. He has an MBA from IIM Bangalore and a BE
from NIT Surat. He has a keen understanding of the business application
of advanced technologies, including Blockchain, AR/VR, advanced Data
Analytics, AI/ML & Deep Learning, and Cybersecurity. In a career
spanning nearly two decades, he has worked with leading banks as well
as consulted top conglomerates and SMBs on technology-driven
businesses.

Note:
- This is tentative and the confirmed global faculty will be shared closer to the programme commencement.
- Eruditus global faculty sessions could be scheduled on a different time zone, depending on speaker availability.

India is on its way to becoming Asia's

top financial technology (FinTech) hub
with an 87% adoption rate as against
the global average of 64%.

Shaktikanta Das
Governor, Reserve Bank of India
PROGRAMME MODULES

MODULE OVERVIEW OF RISK MANAGEMENT IN

01 BANKING & FINANCIAL SERVICES
Overview of Banking and Liquidity Risk
Financial Services Industry – Business Cycles, Capital Adequacy
Global and Indian/ and Supervision and Regulatory
Understanding Basic Forbearance
Definitions of Risk
Interest rate risk and Asset Liability
Understanding Financial Management
Statements and using it as a
Management of Liabilities – Pricing
proxy for capturing banking
of deposits and deposit mix
risks

MODULE DIGITAL DISRUPTION, INNOVATION,

02 AND TRANSFORMATION IN FINANCIAL
SERVICES & BANKING
Innovation Frameworks Alternative Finance Channels and

Foundations of FinTech and Instruments

Associated Risks FinTech Applications in Banking

Applications of ML & AI in and Financial Services

FinTech; Risk Management, FinTech and MSME lending

Credit Scoring landscape

Data Driven Financial Design Thinking, Digital Strategy,

Analytics in Risk Management Gamification and Future of
and Fraud detections FinTech

Cyber Security and Financial

Issues in FinTech: Navigating
the Risks
PROGRAMME MODULES

MODULE REGULATORY LANDSCAPE AND

03 RISK MODELS
Risk Management Practices Operational Risk Management
under Basel I, II, III and IV (Only concepts)

Credit Risk Models and Economic Capital, Risk

Portfolio credit Risk Governance and RAROC
Management frameworks

Stress Testing, Value at Risk,

ICAAP and ECL provisioning

MODULE UNDERSTANDING TOOLS OF RISK

04 MANAGEMENT

Risk Management Products Interest Rate futures and Basic

and Derivatives across Risk Swaps
Classes Options, Black Scholes Mertons
Market Risk Capital Charge Model and Underlying Volatility
under SMM and IMA Interest rate and Exotic options

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

Note: Modules/ topics are indicative only, and the suggested time and sequence may be dropped/ modified/ adapted to fit the total
programme hours.
CAPSTONE PROJECT
The capstone project provides participants with the opportunity to apply the learnings from the
programme to a comprehensive case study. In a virtual case study motivated by real-world
projects, participants apply learnings from all modules to successfully implement the project from
conception to completion. The capstone project would require participants to work on their own
for about 6 hours. At the end of the project, the participants will turn in their work for discussion
and consultation with faculty members.

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, Chairperson 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.

Note: Listed above are a few indicative case studies and the programme will include additional case studies specially curated by the faculty.
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
PAST PARTICIPANT PROFILES

WORK EXPERIENCE

39% 30% 21% 10%

1 to 9 years 10 to 14 years 15 to 19 years 20+ years

INDUSTRIES

Banking and Finance IT Services Healthcare

78% 12% 1%

Consulting Others*
2% 7%

*Others include Agribusiness, FMCG, Manufacturing, and Telecommunication amongst others.

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.
APPLICATION REQUIREMENTS
Experience Documents:
For Previous Organisation(s): Relieving letters
For Current Organisation: Current Salary Slip or Bonafide Certificate from the HR department
on company letterhead

Graduation and Post-Graduation Education:

Marksheet – Individual or consolidated (all semesters)
Passing Certificate – If Any
Diploma/ Degree/ Doctorate

ID Proof:
Any Government-issued photo ID like PAN Card/ AADHAAR Card, Driving License/ Passport, etc.

SYSTEM REQUIREMENTS
This programme includes live online classes conducted on Zoom. To attend a live online class
you will need to have a PC/ Laptop/ Mac with:

Speakers and microphone: built-in or a USB plug-in or wireless Bluetooth

Webcam: built-in or USB plug-in

Processor: with Dual Core 2Ghz or higher (i3/ i5/ i7 or AMD equivalent)

RAM: 4 GB or higher

OS: Either MacOS 10.7 or higher OR Windows 8 or higher

An internet connection: Minimum bandwidth of 3.0 Mbps (up/ down)

Browser: IE 11+, Edge 12+, Firefox 27+, Chrome 30+

Zoom software client installed on your PC/ Laptop/ Mac

We use the Zoom software application to conduct live online classes. Zoom works on a variety of PCs/
Laptops/ Mac systems and also on phones and tablets.

You can join your live online class from a phone or tablet if it supports the Zoom client.

We recommend that you attend classes from a PCs/ Laptops/ Mac.

PROGRAMME DETAILS
ELIGIBILITY
Programme Schedule
Graduate with minimum 1 year of work
Duration 6 Months experience
Screening and selection will be done by IIM
Lucknow
Academic January 02, 2022
Orientation EVALUATION
Examination / Evaluation shall be conducted
by the Institute
Live Online 3 hours / week
An examination will be held for every course.
Sessions Sunday, 6:45 PM to 9:45 PM
Participants will be given any one of the
following grades: “Excellent”, “Good”, “Fair”
Attendance 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 96,750 + GST (Early Bird Fee till Nov 1, 2021)
INR 1,07,500 + GST (Standard Fee from Nov 2, 2021)
Instalment Schedule

Remarks Early Bird Fee* Standard Fee

Booking Amount Within 7 days of selection INR 17,000 + GST INR 17,000 + GST
Instalment 1 Dec 28, 2021 INR 37,000 + GST INR 37,000 + GST
Instalment 2 Mar 25, 2022 INR 42,750 + GST INR 53,500 + GST
*Applicable till Nov 1, 2021
Note:
- The actual programme schedule will be announced closer to the programme start
- In case a programme session corresponds with a public holiday, the session would be held on the following day
- GST (currently @ 18%) will be charged extra on these components

Round-wise Application Dates

Round 1 Round 2
Nov 1, 2021 Nov 28, 2021
INR 1,500 + GST INR 2,000 + 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 [email protected]
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 pedagogical tools, as well as an electic 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
PGPWE programmes. IIM Lucknow is amongst the five B-Schools in India to achieve the coveted dual
accreditations by the Association to Advance Collegiate School of Business (AACSB) as well as the
Association of MBAs (AMBA). World over, only about 5% of the institutes have acquired AACSB’s
accreditation.

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. Our world-class executive education programmes, supported by eminent programme
experts, provide an immersive learning experience integrated with actionable insights and practical
business applications. The meticulously curated programmes are delivered in a different range of
formats; in-class, online, as well as blended programmes. Our extensive portfolio also includes short 2-4
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.
Apply for the programme here

APPLY NOW

WhatsApp an Advisor On +91 7208889990*

* This number does not accept any calls. Please message your queries.

For registration and any other information,

please get in touch with us at [email protected]

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