Computational approaches and data analytics in financial services: a literature review

Dimitris Andriosopoulos, Michalis Doumpos, Panos M. Pardalos, Constantin Zopounidis

Research output: Contribution to journalArticle

Abstract

The level of modeling sophistication in financial services has increased considerably over the years. Nowadays, the complexity of financial problems and the vast amount of data require an engineering approach based on analytical modeling tools for planning, decision-making, reporting, and supervisory control. This paper provides an overview of the main financial applications of computational and data analytics approaches, focusing on the coverage of the recent developments and trends. The overview covers different methodological tools and their uses in areas, such as port- folio management, credit analysis, banking, and insurance.
LanguageEnglish
Number of pages28
JournalJournal of the Operational Research Society
Early online date28 May 2019
DOIs
Publication statusE-pub ahead of print - 28 May 2019

Fingerprint

Insurance
Decision making
Planning
Literature review
Financial services
Analytical modeling
Sophistication
Banking
Modeling
Portfolio management
Credit

Keywords

  • financial services
  • data analytics
  • risk management
  • financial modeling

Cite this

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abstract = "The level of modeling sophistication in financial services has increased considerably over the years. Nowadays, the complexity of financial problems and the vast amount of data require an engineering approach based on analytical modeling tools for planning, decision-making, reporting, and supervisory control. This paper provides an overview of the main financial applications of computational and data analytics approaches, focusing on the coverage of the recent developments and trends. The overview covers different methodological tools and their uses in areas, such as port- folio management, credit analysis, banking, and insurance.",
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author = "Dimitris Andriosopoulos and Michalis Doumpos and Pardalos, {Panos M.} and Constantin Zopounidis",
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Computational approaches and data analytics in financial services : a literature review. / Andriosopoulos, Dimitris; Doumpos, Michalis; Pardalos, Panos M.; Zopounidis, Constantin.

In: Journal of the Operational Research Society, 28.05.2019.

Research output: Contribution to journalArticle

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KW - risk management

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