The system created... gives CTS a major competitive advantage, reduces their infrastructure costs tremendously and saves them from having to hire countless employees in global locations.

For Oleksandr Romanko of McMaster University’s Department of Computing and Software, a postdoctoral fellowship through Mitacs Elevate helped him to transition to the world of risk analytics when he was hired as a full time Research Analyst this summer by IBM.

Optimization techniques, an emerging innovation, can serve as one of the tools for financial institutions and companies to find better solutions and improve decision-making. With this focus, Mitacs Elevate Fellow Oleksandr Romanko created an industry-academic event called ‘Optimization in Finance and Risk Management’.