Disruption

Top 10 Reasons why Silicon Valley cannot disrupt Wall Street (yet)

Top 10 Reasons why Silicon Valley cannot disrupt Wall Street (yet)

Reading Time: 8 min.
Top 10 Reasons why Silicon Valley cannot disrupt Wall Street (yet) This is the 2016 update on our independent critical examination of the running meme of “fintech disruption” in the financial services space. The “Top Ten list of why Silicon Valley cannot Disrupt Wall Street (yet)” was published first here in October 2014 Motivation The possibility, heck inevitability, of “Silicon Valley” (Henceforth abbreviated SV, representing new technology entrants) aiming to “disrupt” Wall Street (Abbreviated WS, representing incumbents) is one of the fascinating memes of our times.
Top Ten Reasons Why Open Source is the Future of Risk Modeling

Top Ten Reasons Why Open Source is the Future of Risk Modeling

Reading Time: 2 min.
Financial Risk Modelling has suffered enormous setbacks in recent years, with all major strands of modelling (market, credit, operational risk) proven to have debilitating limitations. It is impossible to imagine a modern financial system that does not make extensive use of risk quantification tools, yet rebuilding confidence that these tools are fit-for-purpose will require significant changes. These need to improve governance, transparency, quality standards and in some areas even the development of completely new strands of modelling.