Financial Engineering and ICT in the Past

Rupesh Regmi () and Zhuo Zhang ()
Additional contact information
Rupesh Regmi: Nanjing University of Aeronautics and Astronautics (NUAA)
Zhuo Zhang: Nanjing University of Aeronautics and Astronautics (NUAA)

Chapter Chapter 3 in The Palgrave Handbook of FinTech and Blockchain, 2021, pp 53-70 from Springer

Abstract: Abstract In a holistic approach, the term “Financial engineering” implies integrating applied econometrics and advanced computation to devise tools, models, and strategies for addressing finance-related problems. Information and Communication Technology (Technologies) or ICT is the infrastructure and components that enable people and institutions such as businesses and governments to interact in the digital world. This chapter consists of five sections. An informative overview of the discipline, including the conceptualization of both financial engineering and computational finance, is discussed in the first section. The second section provides a synopsis of the evolution of financial engineering from the early 1700s to present-day Fintech. An overview of algorithm concepts and software implementation and their significance in financial engineering is in the third section. The fourth section delves into ICT, discussing the rise of modern computers and the digital revolution. The final subsection explores the importance of ICT in finance.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-66433-6_3

Ordering information: This item can be ordered from
http://www.springer.com/9783030664336

DOI: 10.1007/978-3-030-66433-6_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().