Deep Learning is picking momentum in Quantitative Finance, outside the obvious application to the prediction of asset prices (where to my knowledge it is not particularly effective) and spreading into the more serious application area of option pricing and risk management.

These two recent papers clearly demonstrate the benefits of DL as a pricing technology alternative to the classical FDM and Monte-Carlo in certain contexts:…

The financial services industry has been experiencing the recent evolution of new technology innovations. The industry overall and many fintech start-ups are looking for a new lane to successful business models, the design of enhanced customer experience, and approaches that result in services transformation.

These platforms have allowed even niche products to find financial supporters and potential…

Machine learning in finance may work magic, even though there is no magic behind it (well, maybe just a little bit). Still, the success of machine learning project depends more on building efficient infrastructure, collecting suitable datasets, and applying the right algorithms.

Machine learning is making significant inroads in the financial services industry. Let’s see why financial companies should care, what solutions they can implement with AI and machine learning, and how exactly…

This is the most comprehensive guide to Ratio Analysis / Financial Statement Analysis

This expert-written guide goes beyond the usual gibberish and explore practical Financial Statement Analysis as used by investment bankers and equity research analysts. 

Table of Content:…

I took only a single biology course during my years in university. My environmental toxicology professor explained that when testing for the LD50 (the dose that kills 50 percent of a population) a certain percentage will probably die right away; on the other hand, some might be able to tolerate unusually high exposure levels. There is a distribution of responses. A related principle applies to stress. People respond differently to stress: some might flee from their stressors (avoid or evade)…

Foreign exchange market is world's largest and least regulated financial market. Its estimated daily turnover is $5.35 trillion, according to the Bank for International Settlements’ triennial survey of 2013. Speculative trading dominates commercial transactions in the forex market, as the constant fluctuation of currency rates makes it an ideal venue for institutional players with deep pockets – such as large banks and hedge funds – to generate profits through speculative currency…

With immense growth in technology, financial institutes, skyscrapers and malls, one can find that the number of consumers have increased exponentially in the Middle East over the past few years. Reports suggests that 91% of the population comprises of expats in UAE enjoying high salaries and tax free benefits. 

Moreover, the options to spend your money have gotten bigger and better with UAE working towards the initiative to build Smart Cities setting strong infrastructure fundamentals…

New York City Mayor Michael Bloomberg in a recent press conference detailed a new $15M partnership  to tackle the increasing volume of big data to increase New York’s capacity for applied sciences and potential for economic growth.  The agreement will create 440,00 square feet of new space dedicated to big data education and training, as well as the addition of 75 big data research specialists.

Dr. Kathleen McKeown and Dr. Patricia Culligan were selected to lead the new…