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Deep hedging and the end of the Black-Scholes era
Last year, JP Morgan began using machine learning to hedge a portion of its vanilla index options flow book. Next year, the bank plans to roll out similar technology for hedging single stocks, baskets and light exotics.
tags: MachineLearning Fintech
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Australian banks pilot regtech solutions to solve compliance problems
Between Citbank, Westpac, and Commonwealth Bank of Australia (CBA) there are plenty of compliance-related problems to solve, and each company is looking at regtech solutions to make it happen.
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Banks Confront Fed on Faster Financial Payments
Big banks are fighting a likely U.S. Fed effort to speed up how money moves through its payments system, arguing this could derail a private network they have developed.
tags: Fintech PaymentSystems CBDC
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China’s Central Bank Prioritizes Development of Digital Currency
In an August 2 statement, the PBoC indicated that it has suggested to the Party Central Committee and the State Council that it should accelerate the research and development of its digital currency.
tags: CBDC Fintech CryptoAssets AltCoins
Kiffmeister’s Fintech Daily Digest 08/05/2019
