Thursday, July 9, 2015

MoneyScience News

MoneyScience News

Vendor News: Infosys to Offer Finacle Solutions on Verizon Cloud for U.S. Banks

Posted: 09 Jul 2015 04:16 AM PDT

Infosys will now offer the Finacle suite of software solutions on Verizon Cloud. The fully integrated Finacle Core and Digital banking solutions, currently serving over 547 million consumers worldwide, are now available in a Software-as-a-Service (SaaS) model for community financial institutions in the U.S.

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Blog Post: TheAlephBlog: Asset-Liability Mismatches and Bubbles

Posted: 09 Jul 2015 02:46 AM PDT

Photo Credit: Dennis Jarvisread more...

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Blog Post: NumericalAlgorithmsGroup: NAG Linear Regression on Apache Spark

Posted: 09 Jul 2015 01:26 AM PDT

This is a brief summary of a talk I gave recently at the Chicago Apache Spark Users Group Meetup. During the talk, I present many of the problems and successes when using the NAG Library distributed on Apache Spark worker nodes. You can find the slides available here. The Linear Regression Problem In this post we test the scalability and performance of using NAG Library for...

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Published / Preprint: Diversification Preferences in the Theory of Choice. (arXiv:1507.02025v1 [q-fin.EC])

Posted: 08 Jul 2015 05:36 PM PDT

Diversification represents the idea of choosing variety over uniformity. Within the theory of choice, desirability of diversification is axiomatized as preference for a convex combination of choices that are equivalently ranked. This corresponds to the notion of risk aversion when one assumes the von-Neumann-Morgenstern expected utility model, but the equivalence fails to hold in other models....

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Published / Preprint: Modified Brownian Motion Approach to Modelling Returns Distribution. (arXiv:1507.02203v1 [q-fin.PR])

Posted: 08 Jul 2015 05:36 PM PDT

An innovative extension of Geometric Brownian Motion model is developed by incorporating a weighting factor and a stochastic function modelled as a mixture of power and trigonometric functions. Simulations based on this Modified Brownian Motion Model with optimal weighting factors selected by goodness of fit tests, substantially outperform the basic Geometric Brownian Motion model in terms of...

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New York stock exchange suspends trading after technical glitch

Posted: 08 Jul 2015 12:16 PM PDT

Technical issue at NYSE has caused shutdown unprecedented in scale. http://t.co/g2yNZlGOuR — moneyscience (@moneyscience) July 8, 2015

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China's stock market has lost nearly a third of its value in a month

Posted: 08 Jul 2015 12:16 PM PDT

China's stock market has lost nearly a third of its value in a month - Vox http://t.co/9AJXFOk57G — moneyscience (@moneyscience) July 8, 2015

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Blog Post: WealthandCapitalMarketsBlog: Battle of the Giants: Wealthfront vs Betterment

Posted: 08 Jul 2015 10:07 AM PDT

Wealthfront CEO Adam Nash is at it again. Fresh from poking Schwab in the eye, he’s calling out archrival Betterment for what he calls client-unfriendly practices. Needless to say, Betterment has responded in force.read more...

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Vendor News: July 8, 2015 - SS&C Completes Acquisition of Advent Software

Posted: 08 Jul 2015 08:47 AM PDT

Published / Preprint: 08Jul/Revised principles on corporate governance for banks issued by the Basel Committee

Posted: 08 Jul 2015 06:46 AM PDT

Press release about the Basel Committee issuing revised principles on corporate governance for banks (July 2015)

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