Main Navigation

Quick Links

New fintech center launched at University of Utah

Red X on the left with the Stena Center for Financial Technology logo on the right.

Editors note: This story was originally published in @TheU.

By Rebecca Walsh—University of Utah communications

University of Utah President Taylor Randall announced a new donor initiative meant to supercharge the student entrepreneurial experience and Utah’s reputation for financial technology innovation and education.

The university, in partnership with the Stena Foundation and founders Steve and Jana Smith, will create the Stena Center for Financial Technology. The foundation has orchestrated total funds of up to $65 million over the next 10 years to support the center, including industry-sponsored labs, a start-up incubator, venture funds and fintech-focused degrees and certificates. Reinvestments from the venture funds are ultimately expected to fund the center in perpetuity.

Randall says pairing education with fintech is like putting chocolate with peanut butter—magic.

“The Stena Center for Financial Technology provides the ability to accelerate and incubate important advances in financial technology innovation and businesses that will continue to propel the fintech industry forward and cement Utah as a center of excellence,” Randall said. “This world-class center will leverage our unparalleled research and education with resources that provide critical hands-on experiences for students.”

The center will collaborate significantly with academic units on campus to develop programs and degrees, including the David Eccles School of Business, the John and Marcia Price College of Engineering and the S.J. Quinney College of Law, as well as the President’s Office. As part of the new financial technology center program, the university recently began offering a minor emphasis in fintech. Over the next four years, the U will also begin offering undergraduate and master’s degrees in fintech.

Startup news: The latest out of Myriad Genetics, Sarcos and Techcyte

University of Utah startups continue innovating and discovering solutions to today’s unmet needs. Here’s a...

Inaugural University of Utah Innovation Awards recipients announced

The University of Utah is pleased to announce the recipients of the inaugural Innovation Awards....

James Hotaling named Associate Vice President for Research Innovation and Translation

This story was originally published by the Office of the Vice President for Research. The Office...

Startup news: The latest out of Light Line Medical and Myriad Genetics

University of Utah startups continue innovating and discovering solutions to today’s unmet needs. Here’s a...

Hear from U business leaders at UEDA Summit in SLC

Utah consistently ranks as one of the best states for starting a business and other...

U surpasses $750 million in research funding

This story was originally published by the Office of the Vice President for Research. The University...

 

 

Oh, hello!

Contact Form
First
Last