FinTech
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KAIST to Host FinTech Conference 2018
KAIST will be hosting a FinTech Conference with Princeton University (USA), Tsinghua University (China), and EDHEC Business School (France) in Seoul from April 12 to 13 titled State of the Art in Robo-Advising Systems: Financial Technologies for Enhanced Social Security.
The Bendhein Center for Finance and Department of Operations Research and Financial Engineering from Princeton University, Fintech Lab from Tsinghua University, and the Risk Institute from EDHEC will participate as co-hosting organizations in this conference organized by the Department of Industrial & Systems Engineering and the KAIST Center for Wealth Management Technologies.
The conference will discuss issues required for providing customized asset management to the public in terms of theory, technology, and industry.
During the conference, KAIST President Sung-Chul Shin and Chairman and CEO of the National Pension Service Sung Joo Kim will deliver welcoming addresses.
Professor John Mulvey from Princeton University, Professor Michael Dempster from Cambridge University, Professors Wei Xu and Changle Lin from Tsinghua University, Professor Lionel Martellini from EDHEC, and Professor Woo Chang Kim from KAIST are some of the invited speakers at the event.
Moreover, renowned experts in related fields will also participate in the conference, including Founder of Vanguard Group John Bogle, Jin Lee from Ant Financial, Youngsuh Cho from Shinhan Financial Group, Jung-Hwan Lee from Samsung Asset Management, and Hye Young Sung from the National Pension Service Research Institute.
Professor Kim said, “Only a small number of wealthy people can receive life-cycle customized asset management services due to the high cost structure; however, new technology derived from the Fourth Industrial Revolution can reduce the service price in an innovative manner, ultimately leading it to be popularized.”
“In an era with the poverty rate of older people reaching almost 50%.Fintech can enable individuals to manage their assets in an active manner, reinforcing social security without additional social costs in the period,” he added.
These four universities have been hosting the FinTech Conference since 2017. China will host the conference this fall, followed by France next year.
Samsung Asset Management, Alibaba Group, and Ant Financial will sponsor the conference. Anyone interested in this event can find more details at http://wmt.kaist.ac.kr/conference.html.
2018.04.02 View 6784 -
FinTech Conference by KAIST, EDHEC-Risk Institute, Princeton, and Tsinghua
KAIST will partner with EDHEC-Risk Institute, Princeton University, and Tsinghua University to host a series of annual rotation conference on FinTech. The inaugural conference will be held in Princeton on April 26 and is entitled ‘Four-University Rotating FinTech Conference: Wealth Management Systems for Individual Investors.’
The conference will facilitate discussion among all interest parties of academics, practitioners, and regulators from around the world. Professor Woo Chang Kim of the Department of Industrial & Systems Engineering will represent KAIST. Professor Kim is also the head of the Center for Wealth Management Technologies at KAIST.
In addition to Professor Kim, leading experts from the US, Asia, and Europe will present at the conference, including Andrew Yao (Turing Award recipient and founder of IIIS FinTech Center at Tsinghua University), John Bogle (founder of the Vanguard Group, and president of the Bogle Financial Markets Research Center), Lionel Martellini (director of EDHEC-Risk Institute), John Mashey (Bell Labs/Silicon Valley computer scientist/corporate executive), and John Mulvey (professor and founding member of the Bendheim Center for Finance at Princeton University).
This year’s conference will feature following sessions:
· Mass-Customization of Goal-Based Investment Solutions: The New Frontier in Digital Wealth Management Services
· Goal-Based Investment via Multi-Stage Stochastic Goal Programming for Robo-Advisor Services
· Big Data – Yesterday, Today and Tomorrow
· Applying Machine Learning Concepts for Asset Allocation and ALM
· FinTech: Drawing Strengths from Computing Theories
· Savings and Investing to Achieve Retirement Goals: An Update Given Current Market Assumptions · The Rise of Robo-Advisors: A Threat or an Opportunity for the Wealth Management Industry?
The conference will include the participation of official partner Samsung Asset Management.
2017.04.20 View 7680 -
Prof. Woo Chang Kim Is Appointed as Managing Editor of Quantitative Finance
Professor Woo Chang Kim of the Industrial and Systems Engineering Department has been elected as the Managing Editor of Quantitative Finance.
Founded in 2001, Quantitative Finance has been an internationally-acclaimed peer-reviewed journal in the field of financial engineering, along with Mathematical Finance.
This is the first time for a Korean researcher to be named for the editorial board, which consists of eminent scholars from around the world, including four Nobel laureates.
Professor Kim’s expertise lies in financial optimization, portfolio management, and asset liability management. In recent years, he has focused his research on robo-advisors in the area of FinTech, and for this contribution, he was appointed as managing editor.
Professor Kim also served as an editor, deputy editor, and a member of the editorial boards for various journals, including the Journal of Portfolio Management and Optimization and Engineering. Currently, he serves as a member of the Korean National Pension Fund’s Electoral Commission, an adviser to Samsung Asset Management Co., Ltd., and the director of the KAIST Asset Management for Future Technology Research Center that was opened in October 2016.
2017.02.23 View 7394 -
KAIST to Host Conference on the Financial Technology Industry
To take place in the Korea Federation of Banks building on May 21, 2015, Seoul
Around 200 individuals to be present including Oh-Kyu Kwon, the former Minister of Finance and Economy and Chang-Hyun Yun, the former president of Korea Institute of Finance
KAIST will hold a conference to discuss prospects for Korea’s financial technology industry (FinTech) and to address the rapid changes taking place in both national and global finance markets.
The conference will be held in the Convention Hall of the Korea Federation of Banks building in Myeongdong, Seoul on May 21, 2015 with a theme entitled “The Challenge and the Task of Korean FinTech Industry in the Global Finance Market.”
Around 200 individuals including Oh-Kyu Kwon, the former Minister of Finance and Economy, Jiwon Jung, a member of a standing committee of Financial Services Commission, and Steve Kang, the President of KAIST will attend the meeting.
The term “FinTech” originates from the combination of two words, finance and technology, to describe a new form of financial system based on Information Technology (IT). The precise definition and boundary of FinTech is not fully established yet, but this will provide Korea with an opportunity to take the lead in the finance industry with its cutting-edge IT.
The conference will focus on the methods by which Korean FinTech companies can acquire a competitive edge in the global finance market. The keynote speaker, Tong-Suk Kim, the Dean of College of Business, KAIST, will speak about “The Challenge and the Task of Korean FinTech.” The talk will emphasize how the FinTech industry can create an innovative industry, destroying the existing paradigm of payment system and Internet-only banks.
The keynote speech will be followed by a talk on “The Requirements for Establishing Korean FinTech Ecosystem” by Jong-Hyun Kim, a researcher at Woori Finance Research Institute, Korea.
Additional talks, which will be given by KAIST professors, are:
“Korean Economy and the Role of FinTech” by Professor Young-Sun Kwon of the Department Business and Technology Management;
“Korean FinTech in ICT Perspective” by Professor Yoon-Joon Lee of the Department of Computer Science;
“The Current State and Possibilities of Korean FinTech” by Professor Byung-Tae Lee of the School of Management Engineering; and
“The Task and Challenge of Promoting FinTech Industry” by Professor Byung-Chun Kim of the School of Management Engineering.
Also, Professor Chang-Hyun Yoon of the School of Business Administration, University of Seoul, will give a talk on “The Crisis in Korean Finance Industry and the Role of FinTech.”
The conference will also hold a discussion session on “The Promotion Methods for Korean FinTech Industry.” Participants for the discussion will include Jae-Sung Song from the Ministry of Science, ICT and Future Planning, Dong-Hwan Kim from the Financial Services Commission, Jeon Jin from Samsung Economic Research Institute (SERI), Hyo-Jin Lee of 8Percent, In-Chang Hwang from the Korea Insurance Research Institute, and Jae-Kyu Lee from Koscom.
Byung-Chun Kim, the Director of KAIST’s Financial Engineering Research Center, who organized the FinTech conference said, “FinTech industry will evolve from simply attempting to attract consumers to understanding the lifestyle patterns of consumers to provide customized service and information.”
2015.05.20 View 8357