【Academic Seminar】Statistical models and stochastic optimization in FinTech - Prof. Tze Leung Lai

Topic: Statistical models and stochastic optimization in FinTech

Speaker: Prof. Tze Leung Lai, Stanford University

Time and Date: 16:00 - 17:30, Wednesday, January 8, 2020

Venue: Room 103, Chengdao Building

Abstract:

In the decade since the global financial crisis and the Great Recession that followed, the financial technology -- or FinTech -- revolution has transformed financial markets and services through the automation of trading and risk management, among other things. The “ABCD” of cutting-edge FinTech are AI (Artificial intelligence), Blockchains, Cloud computing and big Data. We review these technologies of modern FinTech and the underlying mathematical foundations and describe several advances to address some of the theoretical and practical challenges in FinTech and investment science.

Biography:

Prof. Tze Leung Lai is Ray Lyman Wilbur Professor of Statistics and, by courtesy, of Computational & Mathematical Engineering and of Biomedical Data Science, Director of Financial and Risk Modeling Institute, Co-director of Center for Innovative Study Design, Stanford University.