The College of South Florida today introduced new gifts totaling $14 million from
St. Petersburg philanthropists Kate Tiedemann and Ellen Cotton that will assistance the
USF Muma Faculty of Business’ vision to turn out to be a “hub of excellence” in fintech.
Fintech, shorter for “economical technological innovation,” aims to increase classic procedures of
offering monetary products and services to simplify fiscal transactions, making them a lot more
obtainable and, normally, a lot more economical to people and enterprises. Fintech automation
impacts every little thing from cell banking and coverage to crowdfunding, blockchain,
cryptocurrency and investment decision applications.
“Kate Tiedemann and Ellen Cotton have created an indelible influence on the University of
South Florida, and their generous new presents continue on their legacy of planning our
organization learners for a shiny future,” said USF President Rhea Regulation. “Fintech is a
rapidly emerging field, and Kate and Ellen have paved the way for a reducing-edge system
at USF that will support fill the talent pipeline to provide the Tampa Bay region’s flourishing
The presents are for the Kate Tiedemann University of Business enterprise and Finance, a single of 6 schools
in the Muma University of Company. The school’s household is on the USF St. Petersburg campus,
and it has students and faculty on every single of USF’s 3 campuses, all of whom will
gain from the gifts.
“It provides us good joy to help USF pupils establish their abilities in fintech, so
they are prepared for the quick-shifting company entire world that awaits them,” Tiedemann and
Cotton reported. “The faculty on the USF St. Petersburg campus, on all USF campuses, possess
the talent and working experience needed to properly establish the curricula that will make
USF a chief in this space. Fintech spans numerous disciplines, and we couldn’t be happier
to engage in our component in building new chances for students.”
Moez Limayem, the Lynn Pippenger Dean of the USF Muma University of Small business, suggests fintech
is a high-demand from customers area that creates graduates who consistently transition immediately into
higher-spending work opportunities.
“Fintech is a person of the swiftest-growing tech sectors in the earth,” Limayem said. “There
is a seemingly limitless array of fintech apps, and this reward will enable us teach
college students on blockchain, cryptocurrency, synthetic intelligence, automation and facts
science that is the backbone of innovation.”
The items, produced as a result of the USF Foundation, aid Limayem’s 4-pillar eyesight for
fintech, which contains employing planet-course school to conduct scholarly inquiries
into emerging alternatives, as well as assessing fintech hazards and threats and how
to mitigate them. The 2nd pillar of the system, to embed fintech modules into core
curricula, will ensure all USF small business learners, no matter of important, have meaningful
exposure to the subject.
The 3rd pillar includes broader outreach to share know-how with the local community through
conferences, govt schooling applications and place of work certification packages. The
fourth pillar enables the university to become a place where students and fintech business owners
alike appear for instruction and mentoring, in which startups come for sources and key
corporations occur for expertise.
The items additional solidify the Tampa Bay region’s footprint in fintech, like
a strong existence in St. Petersburg that has arrive as an outgrowth of the city’s robust
roots in the economical providers sector. The location is household to Raymond James, now the
largest financial company provider outdoors of Wall Avenue. In accordance to the St. Petersburg
Space Financial Development Corp., money providers is St. Pete’s largest work
sector, and the flourishing tech community has drawn organizations these kinds of as ARK Invest and
Dynasty Financial Companions to relocate to the space.
The assist for fintech is the most recent example of Tiedemann and Cotton’s financial investment
in USF. The $10 million reward announced these days is in addition to $4 million that was
specified during the COVID-19 pandemic, while not earlier announced, to endow two
professorships. Prior contributions have transformed the St. Petersburg campus’ faculty
of organization and finance.
“Kate and Ellen have a deep passion for the college, its students and its school.
Their longstanding guidance of the USF St. Petersburg campus has been transformative.
These presents will support generations of pupils prepare for the office,” claimed USF
Foundation CEO Jay Stroman. “Their assist also signals to other philanthropists that
providing to USF is a sensible investment decision that impacts life and the much larger community.”