Capital Markets

A professor working with graduate students on a computerThe Hanlon lab facilities allow professors like Dr. Eleni Gousgounis, left, to work with graduate students in conducting important research into capital markets.

The modern financial system transfers trillions of dollars a day as it serves billions of customers around the globe. Despite its size and omnipresence, the current financial system is rife with problems: fees and delays add unnecessary costs for market participants, redundant and onerous paperwork creates friction, and there are plenty of opportunities for fraud and crime, with potential for devastating consequences.

Researchers at the Hanlon Financial Systems Center believe new technologies — such as the use of cloud infrastructure or the deployment of blockchain — are a key part of solving the inefficiencies of the current market. Today's market is a blend of antiquated technologies dressed up in a digital wrapper, and it's highly centralized — making it both resistant to change and vulnerable to system failures and attacks.