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FinTech as a Disruptive Technology for Financial Institutions最新文献

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FinTech and Stock Market Behaviors 金融科技与股市行为
FinTech as a Disruptive Technology for Financial Institutions Pub Date : 1900-01-01 DOI: 10.4018/978-1-5225-7805-5.CH008
T. Sekmen, M. Hati̇poğlu
{"title":"FinTech and Stock Market Behaviors","authors":"T. Sekmen, M. Hati̇poğlu","doi":"10.4018/978-1-5225-7805-5.CH008","DOIUrl":"https://doi.org/10.4018/978-1-5225-7805-5.CH008","url":null,"abstract":"This chapter examines the effects of high-frequency trading (HFT) and algorithmic trading (AT) activities, which represent important technological developments in financial markets in the past two decades, on Borsa Istanbul in terms of volatility. To clarify stock market behaviors in terms of volatility, asymmetry, and risk return after the BISTECH transition, the GJR-GARCH-in-Mean and I-GARCH models were used. The dataset consists of the daily stock return series of the main and sub-sector indexes of Borsa Istanbul, covering the period from October 24, 2012 to June 1, 2018. Although there are mixed results for the sub-indexes, it is observed that in the post-BISTECH period, volatility increases significantly in the BIST 100 and BIST 30 indexes, where AT and HFT activities are used more frequently. In particular, the duration of volatility returns to average after shock increases about seven times for BIST 100 and about eight times for the BIST 30 in the post-BISTECH period. Overall, the results indicate that AC and HFT activities may have disruptive effects on financial markets.","PeriodicalId":164577,"journal":{"name":"FinTech as a Disruptive Technology for Financial Institutions","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129306253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Algorithmic Machine Learning for Prediction of Stock Prices 预测股票价格的算法机器学习
FinTech as a Disruptive Technology for Financial Institutions Pub Date : 1900-01-01 DOI: 10.4018/978-1-5225-7805-5.CH007
M. O. Beg, Mubashar Nazar Awan, Syed Shahzaib Ali
{"title":"Algorithmic Machine Learning for Prediction of Stock Prices","authors":"M. O. Beg, Mubashar Nazar Awan, Syed Shahzaib Ali","doi":"10.4018/978-1-5225-7805-5.CH007","DOIUrl":"https://doi.org/10.4018/978-1-5225-7805-5.CH007","url":null,"abstract":"Stock markets and relevant entities generate enormous amounts of data on a daily basis and are accessible from various channels such as stock exchange, economic reviews, and employer monetary reports. In recent times, machine learning techniques have proven to be very helpful in making better trading decisions. Machine learning algorithms use complex logic to observe and learn the behavior of stocks using historical data which can be used to predict future movements of the stock. Technical indicators such as rolling mean, momentum, and exponential moving average are calculated to convert the data into meaningful information. Furthermore, this information can be used to build machine learning prediction models that learn different patterns in the data and make future predictions for accurate financial forecasting. Additional factors that are being used for stock prediction include social media influences and daily news on trading stocks. Considering these qualitative and quantitative features at the same time result in improved prediction models.","PeriodicalId":164577,"journal":{"name":"FinTech as a Disruptive Technology for Financial Institutions","volume":"448 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134276469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
Volatility Estimation in the Era of High-Frequency Finance 高频金融时代的波动率估计
FinTech as a Disruptive Technology for Financial Institutions Pub Date : 1900-01-01 DOI: 10.4018/978-1-5225-7805-5.CH006
Sibo Yan, Da Yan
{"title":"Volatility Estimation in the Era of High-Frequency Finance","authors":"Sibo Yan, Da Yan","doi":"10.4018/978-1-5225-7805-5.CH006","DOIUrl":"https://doi.org/10.4018/978-1-5225-7805-5.CH006","url":null,"abstract":"Over the last two decades, ultra-high frequency (or tick-by-tick) transaction data has become increasingly available. This surge of high-frequency finance data has brought disruptive revolution that makes modeling asset prices as continuous-time processes more possible than ever before. This is because we can now witness market microstructures and stock market volatility over tiny time intervals. This chapter reviews some general frameworks like realized volatility (RV) in estimating the latent volatility and their recent developments in the era of high-frequency finance. New empirical facts are presented to help lay the foundation for creating intraday volatility models that can overcome noise interferences in high-frequency finance data. These facts also help explain some stock market anomalies like volatility jumps and flash crashes, which favor intraday RV over the traditionally used daily RV as a reliable physical measure of market risk.","PeriodicalId":164577,"journal":{"name":"FinTech as a Disruptive Technology for Financial Institutions","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127202339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Fintech and Shariah Principles in Smart Contracts 智能合约中的金融科技和伊斯兰教法原则
FinTech as a Disruptive Technology for Financial Institutions Pub Date : 1900-01-01 DOI: 10.4018/978-1-5225-7805-5.CH009
N. F. Rahim, M. Bakri, S. N. Yahaya
{"title":"Fintech and Shariah Principles in Smart Contracts","authors":"N. F. Rahim, M. Bakri, S. N. Yahaya","doi":"10.4018/978-1-5225-7805-5.CH009","DOIUrl":"https://doi.org/10.4018/978-1-5225-7805-5.CH009","url":null,"abstract":"FinTech, or financial technology, is an emerging technology in financial transaction. It is disruptive technology which is changing the banking behavior for stakeholders. The thriving emergence of FinTech not only affects the conventional finance industry but also Islamic finance industry, as Islamic finance sector is also embracing FinTech as part of financial revolution. Thus, the Islamic FinTech emerges as faith-based FinTech. This is because Islamic FinTech claimed to comply with Shariah principle in their mechanism and smart contract. There is limited discussion on smart contract and Islamic FinTech and its Shariah principles. Hence, the Shariah principle in smart contract of Islamic FinTech need to be addressed. This chapter tries to delve into the smart contract concept in Islamic FinTech and Shariah principles in the mechanism. The review found that smart contract is currently in the early stage and so is Islamic FinTech. The scholars agreed that FinTech is a Maslahah (interest) to mankind's benefit. However, the smart contract is still in discussion and review.","PeriodicalId":164577,"journal":{"name":"FinTech as a Disruptive Technology for Financial Institutions","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122775295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 18
Emergence of Insurance Technologies (InsurTech) 保险科技的兴起(InsurTech)
FinTech as a Disruptive Technology for Financial Institutions Pub Date : 1900-01-01 DOI: 10.4018/978-1-5225-7805-5.CH003
I. Yildirim
{"title":"Emergence of Insurance Technologies (InsurTech)","authors":"I. Yildirim","doi":"10.4018/978-1-5225-7805-5.CH003","DOIUrl":"https://doi.org/10.4018/978-1-5225-7805-5.CH003","url":null,"abstract":"Technology advances at an incredible rate all around the globe. Financial technologies (FinTech) are defined as production of services that combine financial services and technology. A subdimension of FinTech, insurance technologies (InsurTech) is a system built with the purpose of creating solutions for the insurance sector using a technological approach. Making it easier for the insurance companies and the insured to manage their contracts, minimizing the risks involved, and allowing for the development of innovative technologies, InsurTech is simply the technology of insurance business. For the policy owners, these technologies bring with them the benefit of cost-effective policy solutions. This chapter focuses on the possible impact of insurance technologies on the insurance sector. Explored in this study are the estimated transformation of the insurance sector with insurance technologies and the problems likely to occur as a consequence.","PeriodicalId":164577,"journal":{"name":"FinTech as a Disruptive Technology for Financial Institutions","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114135489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
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