RPI Part Of New Research Center On Financial Technology
Rensselaer Polytechnic Institute in Troy, New York and the Stevens Institute of Technology in New Jersey have been awarded a National Science Foundation grant to create a research center on financial technology and science. The Center for Research toward Advancing Financial Technologies, or CRAFT, is expected to receive $1 million in funding in its first year, with $300,000 from the NSF annually over five years.
The rest will be funded by industry members. The aim is expand the center to include more schools, with Albany Law School among those expressing interest. WAMC’s Jim Levulis spoke with Aparna Gupta, a professor of quantitative finance at RPI and co-director of CRAFT.
Gupta: So as the name suggests, this is a center devoted to advancing financial technologies and supporting industry in their needs for innovation around financial technologies. So that is the primary focus…