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.
Capital markets publications
Since 2012, faculty associated with the Hanlon Financial Systems Center have been published books and papers in some of the most prestigious journals in finance, technology, math and business, including Accounting Review and the Journal of Financial and Quantitative Analysis. An indicative list follows.