Handbook on Information Technology in Finance

ISBN-13: 9783540494867 / Angielski / Twarda / 2008 / 836 str.

Frank Schlottmann; Detlef Seese; Christof Weinhardt

Opis

Why do we need a handbook on Information Technology (IT) and Finance? At first, because both IT as well as finance, are some of the most prominent driving forces of our contemporary world. Secondly, because both areas develop with a terrific speed causing an urgent need of up to date information on recent dev- opments. Thirdly, because serious applications of IT in Finance require specialists with a professional training and professional knowledge in both areas. Over the last decades the world has seen many changes in politics, economics, science and legislation. The driving forces behind many of these developments are of a technological nature. One of the key technologies with this respect is Infor- tion Technology. IT is the most prominent technology revolutionizing the ind- trial development, from products and processes to services, as well as finance, which is itself one of the central pillars of modern economics. The explosive - velopment of the Internet emphasizes the importance of IT, since it is today's key factor driving global access and availability of information and allows the division of labour on an international scale, the globalization. The profound transformation of finance and the financial industry over the last twenty years was driven by technological developments - e. g.

Recenzje

Aus den Rezensionen:

"... In einer bunten Mischung stehen ... strukturierende Übersichtsartikel ... neben Erfahrungsberichten (z.B. über das Corporate Treasury der BMW-Group), sowie Anwendungen aktueller IT Themen auf die Finanzwirtschaft (z.B. SOA oder Grid Computing). ... Die Auswahl der Artikel ist für einen Sammelband erstaunlich trennscharf und vermittelt hervorragende Einblicke in ausgewählte Problemstellungen und Lösungsansätze unterschiedlicher Branchen, Prozesse und Regionen. ... Den Herausgebern ist ein Sammelband gelungen, der von Fachexperten aus Wissenschaft und Praxis, aber auch von Studierenden mit entsprechenden Schwerpunkten gleichermaßen mit Gewinn gelesen werden kann." (http://www.wirtschaftsinformatik.de/index.php;do=show/site=wi/sid=9763316084a058975bfe9b167935758/alloc=14/id=48)

Spis treści

IT Systems, Infragstructure and Applications in Finance: SOA in the Financial Industry - Technology Impact in Companies' Practice.- Information Systems and IT Architectures for Securities Trading.- Product Management Systems in Financial Services Software Architectures.- Management of Security Risks - A Controlling Model for Banking Companies.- Process-Oriented Systems in Corporate Treasuries: A Case Study from BMW Group.- Streamlining Foreign Exchange Management Operations with Corporate Financial Portals.- Capital Markets in the Gulf: International Access, Electronic Trading and Regulation.- Competition of Retail Trading Venues - Online-brokerage and Security Markets in Germany.- Strategies for a Customer-Oriented Consulting Approach.- A Reference Model for Personal Financial Planning.- Internet Payments in Germany.- Grid Computing for Commercial Enterprise Environments.- Operational Metrics and Technical Platform for Measuring Bank Process Performance.- Risk and IT in Insurances.- Resolving Conceptual Ambiguities in Technology Risk Management.- Extracting Financial Data from SEC Filings for US GAAP Accountants.- IT Methods in Finance: Networks in Finance.- Agent-based Simulation for Research in Economics.- The Heterogeneous Agents Approach to Financial Markets - Development and Milestones.- An Adaptive Model of Asset Price and Wealth Dynamics in a Market with Heterogeneous Trading Strategies.- Simulation Methods for Stochastic Differential Equations.- Foundations of Option Pricing.- Long-Range Dependence, Fractal Processes, and Intra-Daily Data.- Bayesian Applications to the Investment Management Process.- Post-modern Approaches for Portfolio Optimization.- Applications of Heuristics in Finance.- Kernel Methods in Finance.- Complexity of Exchange Markets.- Further Aspects and Future Trends: IT Security: New Requirements, Regulations and Approaches.- Legal Aspects of Internet Banking in Germany.- Challenges and Trends for Insurance Companies.- Added Value and Challenges of Industry Academic Research Partnerships - The Example of the E-Finanance Lab.

O autorze

Prof. Dr. Detlef Seese ist Professor für Angewandte Informatik am Institut für Angewandte Informatik und Formale Beschreibungsverfahren (AIFB) des Karlsruher Instituts für Technologie (KIT).

Blurb

This Handbook contains surveys of state-of-the-art concepts, systems, applications, best practices as well as contemporary research in the intersection between IT and finance. Included are recent trends and challenges, IT systems and architectures in finance, essential developments and case studies on management information systems, service oriented architecture modelling, IT architectures for securities trading, IT-systems in banking, process-oriented systems in corporate treasuries, grid computing and networking. The IT applications in banking, trading and insurance cover risk management and controlling, financial portals, electronic payment and others. In addition, also finance-related IT applications in non-financial companies are considered. The concept-oriented part of the book focuses on IT methods in finance like financial models and modelling financial data, planning and processes, security, algorithms and complexity.