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“Capital markets are since time, just a function of algorithms” – Interview with Mark Esposito, PhD trainer of Technological Innovation in Capital Markets course @LSEG Academy

 

On December 3, participant of this unique BIB course have the opportunity to learn about the world of capital market innovations. The one-day course organized by the London Stock Exchange Group Academy and the Budapest Institute of Banking.

 

Mark Esposito, PhD, is recognized internationally as a top global thought leader in matters relating to The Fourth Industrial Revolution, the changes and opportunities that technology will bring to a variety of industries. He is Co-Founder and Chief Learning Officer at Nexus FrontierTech, an AI scale up venture, dedicated to help business become more efficient and competitive by introducing the latest data management science. He was inducted in 2016 in the radar of Thinkers50 as one of the 30 most prominent rising business thinkers in the world. He is a global expert of the World Economic Forum and advisor to national governments. In his academic career, Mark has held academic appointments for some of the world’s leading institutions such as Harvard University, University of Cambridge, Arizona State University’s Thunderbird School of Global Management, Hult International Business School and IE Business School.
 

How is technology changing the capital markets?

Capital markets are since time, just a function of algorithms, with very little human interaction in the daily functions and much more computational capacity in the performance of selling and trading shares. Capitals markets have equally been early adopters of online trading which has now normalized to be the practice of reference, when referring to trading in general. There is no stock exchange today which is not a technology asset.

What are the key drivers and main challenges of technical innovation?

The main drivers are the industry standards and the need for a better and coordinated cybersecurity response across capital markets. The drivers are also the affordability of some open source technologies that are now being integrated into capital markets as part of a regular process of digital transformation. The challenges are to be related to the limitation of who produces the technology and the licensing of sensitive information, such as data protection and cross border regulations.

How is artificial intelligence redefining the way financial services companies work?

AI is primarily employed for predictive analysis and markets are designed to appeal predictions of all sort. When AI profiles possible scenarios of possibilities for investors or any financial sector, AI provides a great option for any establishment, given the increasing accuracy of its predictions.

How is AI impacting the financial job market?

AI has been defining the financial job market especially in the rise of TechFin ( a reformed version of FinTech) and the needs expressed by a financial community that has shifted more and more towards a systematic use of technologies to advance the industry’s responsiveness. There are other applications as well, as many data scientists are integrating financial institutions and many of these latter are becoming fully fledged technologies enterprises.

What are the main focuses of Technological Innovation in Capital Markets and beyond course organized by BIB and London Stock Exchange Group?

In this course, we will understand how the premises of the fourth industrial revolution are changing the expectations of business and integrating technology at the heart of every single business and industry. This course will also familiarize attendants with the current and future trends and the possibility to play a significant role as the digitization is advancing in every single productive sector.

Who should attend the course?

Decision makers, people working in the financial sectors, policy makers and regulators, business executives and technology enthousiasts.