Forums  > General  > Is anything interesting happening in quant finance right now?  
     
Page 2 of 2Goto to page: 1, [2] Prev
Display using:  

mtsm


Total Posts: 210
Joined: Dec 2010
 
Posted: 2018-02-06 17:47
Also, what is your take on DLT jslade? Thanks.

Osiris2


Total Posts: 11
Joined: Sep 2017
 
Posted: 2018-02-07 01:28
Here's a thing ...
Lots of what we are calling "fintech" companies, which I would more say are more accurately specialty finance non-bank lenders, are selling their capability to improve on legacy credit underwriting and analysis. As of now, this remains 60% hype, 40% bullshit, and approximately 0% reality.
But that won't remain the case forever. The industry and it's biggest players have reached the scale where they will have to deliver on this promise soon, or else acknowledge they are just certain pieces of a bank with a shiny front-end and give back all the "value" they created by claiming otherwise.
That's a quant problem, and a hard one. Anyone that can improve on the predictive power of current credit scoring, do it at scale, and do it for lower marginal cost (whether in consumer unsec., real estate, or SME) should be able to turn that into real money.

NeroTulip


Total Posts: 1001
Joined: May 2004
 
Posted: 2018-02-07 12:41
It recently occurred to me that not much interesting is happening, or I am out of the loop... A friend is doing a PhD in machine learning after a dozen years in trading, and is looking for a research topic applying deep learning to finance. I was like "meh". Am I missing something?

"Earth: some bacteria and basic life forms, no sign of intelligent life" (Message from a type III civilization probe sent to the solar system circa 2016)

jslade


Total Posts: 1113
Joined: Feb 2007
 
Posted: 2018-02-07 22:32
@deeds I don't have any pointers beyond "get good at Bayesian modeling." A dumb starting point would be something like Steve Skienna's book on modeling horse races.
@mtsm I don't know what DLT means. If it's some new shitcoin, I haven't thought about it at all.

"Learning, n. The kind of ignorance distinguishing the studious."

mtsm


Total Posts: 210
Joined: Dec 2010
 
Posted: 2018-02-07 23:32
Distributed Ledger Technology. I am being told it's no longer civilized to talk about blockchain, for whatever reason.

I meant to ask if you had a take on start ups pushing this sort of tech in a proprietary way for various applications, first and foremost smart contracts for finance I suppose?

jslade


Total Posts: 1113
Joined: Feb 2007
 
Posted: 2018-02-08 18:30
Whoever told you this is an idiot. Most of the DLTs which exist in the corporeal world are blockchain.

Start ups are pushing blockchain for the same reason they're pushing "AI." Investors invest in things with those terms in the bizplan.

"Learning, n. The kind of ignorance distinguishing the studious."
Previous Thread :: Next Thread 
Page 2 of 2Goto to page: 1, [2] Prev