FINTECH: TECHNOLOGY FOR FINANCE AND INSURANCE

Modern finance could not exist without the support of technologies from other areas. Among such technologies, a role of increasing importance is played by the so-called Artificial Intelligence, in its various meanings. The course aims to provide knowledge on intelligent methodologies, generally inspired by the problem solving skills typical of higher living beings, for the solution of problems of interest in the financial context. For example, one presents intelligent metauristics which are inspired to the principles of natural evolution for solving complex portfolio selection problems, one introduces predictive methods which are inspired to the working of the biological brain, and one presentes techniques for financial trading based on techniques of machine learning which are inspired to the ways of learning of the higher living beings.
Software tools are also used in the course to implement such methodologies.
The course is among the free choice ones of the master's degree program in Economia e Finanza.

1. Knowledge and understanding:
1.1. technically knowing the intelligent methodologies presented in the course;;
1.2. understanding and being able to use such methodologies for solving financial problems.

2. Ability to apply knowledge and understanding:
2.1. applying the appropriate intelligent methodologies for solving operational problems;
2.2. implementing financial calculations through software tools.

3. Judgement skill:
3.1. interpreting the results coming from the computations;
3.2. understanding pros and cons of the intelligent methodologies learned.

Keeping fresh in mind the educational objectives of the following teachings of the bachelor's degree programme in the economic area: Mathematics - 1, Mathematics - 2, Computing Skills for Economics. Furthermore, it is preferable to have some software programming experience.

- Introduction to Artificial Intelligence in finance.
- Intelligent metaheuristics for complex optimization and financial applications.
- Supervised learning (Perceptron and Multi Layer Perceptron) and financial applications.
- Group Method of Data Handling and financial applications.
- Reinforcement Learning and financial applications.
- Implementations in Matlab.

- Teaching materials available at the web page of the e-learning platform Moodle. [Reference materials]

- Alpaydin E. (2014) Introduction to Machine Learning. The MIT Press [Integrative reading]

The exam consists in five homeworks and in an oral examination.
The homeworks: 1) must be carried out in couple; 2) are valid for the whole academic year and not beyond; 3) their carrying out must be sent by e-mail no later than a pre-established deadline (the e-mail address and the deadline will be indicated during the course).
Regarding the oral examination: 1) must be carried out in couple; 2) is divided into two parts: in the first part one has to critically present a research article; in the second part one has to apply one or more methodologies learned during the course to reply the results presented in the research paper.
Concerning the evaluation: 1) each homework is worth 0 to 2 possible points, for a total from 0 to 10 points; 2) the oral examination is worth 0 to 20 possible points.
The sum of the points obtained from the homeworks and from the oral examination constitutes the final mark.

The course is articulated into:
a) lectures;
b) implementation and use of intelligent methdologies through software tools;
c) individual study.
Students are strongly encouraged to actively attend classes.

English

Site of the course present in the Moodle e-learning platform.

oral

This subject deals with topics related to the macro-area "Human capital, health, education" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development