The computation of risk profiles for financial products and portfolios is an extremely important problem, both for regulatory and internal management purposes. For complex products whose value depends on a number of underlying risk factors and for which exercise decisions can be made prior to maturity, Monte Carlo simulation techniques are the only viable procedures. […]

Financial market’s stability depends on the accurate pricing of financial products traded in the market. This makes accurate pricing of products a top priority for the banks and financial instruments. Inaccurate prices can lead to instability in the market and formation of bubbles. This leads into market crashes such as the 2008 crash where the […]

Accurately and rapidly detecting fraudulent transactions is primordial in the course of any corporation?s routine operations and essential to its commercial viability, especially a deposit-taking bank. We investigate the use of computer-based techniques to automatically detect fraudulent use of a real banking network. Our goal ultimate goal is to make electronic commerce safer, which will […]