By Irene Aldridge Twenty years ago, television told women to buy extraordinary quantities of shoes. There was the holy grail of happiness, according to the absolute hit “Sex in the City”. For today’s generation of women “Sex and the City” is out, and a new trend is in, marching in protest. The marching is against the dominant male stereotype, but also explicitly asking for the government (another patriarchal authority?) to provide certain services, higher wages, better working conditions, and the like. How about taking charge of our own future in a constructive meaningful way? An interesting study is the Big Data Finance conference at NewRead More →

You are in an unfamiliar terrain, looking somewhat like a lunar landscape. Turning around, you observe craters and oddly-patterned star formations. Your hands are in thick blue gloves. All of a sudden, you hear a scream – a wild high-pitched tone. And then you see the source: a three-eyed creature rapidly approaching you. You panic and respond to the best of your ability: you rip off your helmet and gloves and return to your room. This is a realistic scenario from a virtual reality video game. The complexity of the 3-D simulation, aided by multiple data points and, increasingly, sensors from the player’s body, requireRead More →

FinTech companies are changing business as usual for many established financial services companies. Companies like Money.Net are threatening to undermine the decades-long dominance of Bloomberg. Online lending platforms are coming out of the woodwork to directly compete with 100-year old banks. Money transfer firms are taking on established wire operations. All sorts of traditional financial intermediation, trading and even research are threatened by technology upstarts, with companies like Virtu electronically making markets and Kensho aiming to replace entire financial research departments with low-maintenance servers. There is no doubt that such financial disruption is driven by the technology: automation, often prohibitively expensive some thirty years ago,Read More →