The fast world of finance has it's long list idioms, but none ring as true in today's data-driven economy as “past performance is not an indicator of future success”.
Banks and insurers operated the same relatively static, highly profitable business models for decades. Yet today innovators changing these models and established players find themselves challenged on all sides. Crowdfunding, peer-to-peer lending, mobile payments, bitcoin, robo-advisers–the variety, or the sky-high valuations, of these "Fintech" innovators seems to have no end. Of all the industries in which data revolution continues to impact, none has seen such drastic changes as Finance.
For this reason, the Ray Cassetta Financial Literacy Lab serves to provide all students of NJIT access to powerful analytical tools and certifications like Bloomberg Market Concepts.