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Northeastern U initiative will help students launch fintech businesses while encouraging diversity


By Jesse Schwartz
Published: May 15th, 2019

A new initiative at Northeastern University aims to support students who want to launch their own companies around financial technologies.

Disrupt-The FinTech Initiative will serve as a collaborative space for students to investigate and pursue fintech start-up ideas. It will also help create partnerships between students and employers in the fintech field, while pushing for better representation among women in fintech.

Mark Bernfeld, entrepreneur and professor at Northeastern, says the university can be a leader in the field. “We have the right talent, and there’s incredible student and employer interest,” says Bernfeld. ”So it has the potential to really explode. We need to develop partnerships with employers, we need to train students, we need to help everyone understand what it is we’re doing.”

Julia McCarthy, a former student of Bernfeld’s, co-founded Disrupt and aims to make it a welcoming place for all students interested in entrepreneurship.

“I’m not a techie,” says McCarthy. “I don’t think you have to know that much about financial services or technology. It’s just seeing that this s a market that really is untapped, and that you can tap into it.”

McCarthy also wants to help change the landscape of fintech by introducing more diversity. More than half of Disrupt’s leadership team is female. “Fintech is about solving problems, and diversity is one of those problems,” says McCarthy. “That is one of the missions of Disrupt, because you don’t see a lot of females in finance.”

Source: News@Northeastern

Posted under: Tech Transfer e-News

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