Recent advances in automating and digitizing financial services has largely changed how we use technology to make fiscal decisions. As infrastructure and operations are changing rapidly — recent reports show $31 billion was invested in the sector in 2017 — reinventing global financial technology poses many challenges and potential rewards.
To address these issues, MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) recently launched a research-industry collaboration focused on creating financial technologies that will be able to open up new business models, gain new data insights, and improve security.
The initiative will span topics that include artificial intelligence, cryptocurrencies, blockchain foundation and applications, machine learning, multi-party computation for superior security and privacy, data management and analytics, natural language processing, and cyber-risk management, among others.
MIT professors Andrew Lo, Silvio Micali, and Shafi Goldwasser are leading the new initiative, which is called FinTech@CSAIL. A select group of companies, including ANT Financial, Citi, London Stock Exchange Group, Nasdaq, Ripple, Ryan LLC, and…
