Cuneyt Akcora, associate professor of finance./news/wp-json/wp/v2/posts/148174/nAssociate Professor of Finance Cuneyt Akcora says at the beginning of Bitcoin /news/wp-json/wp/v2/posts/148174/u2014 the first established cryptocurrency /news/wp-json/wp/v2/posts/148174/u2014 in 2009, the transaction network data was unstable, which caused researchers to examine Bitcoin and its underlying engine, the blockchain. As interest in blockchain technology grew in 2015, it evolved, leading to the development of stablecoins and online exchanges. Cross-chain lending provided a way to obtain money from blockchains with less interest than typical banks. He says that as technology continues to evolve, banks will continue to adopt cryptocurrency, thus the importance of preparing students for future careers./news/wp-json/wp/v2/posts/148174/n
“If I/news/wp-json/wp/v2/posts/148174/u2019m right, in a few years we will see all major banks and financial institutions have blockchain offices,/news/wp-json/wp/v2/posts/148174/u201d Akcora says. /news/wp-json/wp/v2/posts/148174/u201cIf we can teach our students how to analyze this data, how to be good analysts, for example, scientists that can run code to identify a few things, I think students will find very good jobs.”/news/wp-json/wp/v2/posts/148174/n
Led by finance professor and fintech program director Christo Pirinsky, the program will conduct research on credit analysis projects that predict personal defaults or characteristics./news/wp-json/wp/v2/posts/148174/n
Pirinsky says the program is already conducting AI-related research on financial intuitions and credit bureaus such as Experian. Faculty and students are examining the access that AI and open-source technology have to personal data, as well as the potential problems that may arise when AI has access to this data./news/wp-json/wp/v2/posts/148174/n
/news/wp-json/wp/v2/posts/148174/u201cHow do you draw the line?” he says. /news/wp-json/wp/v2/posts/148174/u201cHow far do you go [with] data privacy? How far should [companies be allowed to] go in using personal data that you generate?/news/wp-json/wp/v2/posts/148174/u201d/news/wp-json/wp/v2/posts/148174/n
The Experts and Expertise Behind the Program/news/wp-json/wp/v2/posts/148174/n Before coming to Âé¶¹Ó³»´«Ã½, Pirinsky worked with the Securities and Exchange Commission in Washington, D.C., to examine the interplay between technology, IT-related work and finance./news/wp-json/wp/v2/posts/148174/n
Pirinsky has published research and conducted extensive data-related studies in finance, utilizing data analytics to gain insights into various subjects including behavioral economics, corporate finance and investments.The exploration of new technologies like AI and production processes by firms is recognized as a key factor shaping the accumulation of knowledge, early-stage innovation and economic development. However, Pirinsky says exploration has been an elusive concept because it is difficult to measure./news/wp-json/wp/v2/posts/148174/nChristo Pirinsky, professor of finance and director of the FinTech Initiative./news/wp-json/wp/v2/posts/148174/nIn his recent study, A Language-Based Approach to Measuring Creative Exploration, co-authored with Âé¶¹Ó³»´«Ã½ associate professors of finance Vladimir Gatchev and Buvaneshwaran Venugopal, Pirinsky proposed a new method to measure financial firms/news/wp-json/wp/v2/posts/148174/u2019 exploratory activities based on textual analysis of their annual reports. The approach is based on the idea that as firms experiment with new courses of action, they need to use new vocabulary to describe their activities./news/wp-json/wp/v2/posts/148174/nFor example, Pirinsky says that 15-20 years ago the word “cloud” had a different meaning. Firms discussing clouds were primarily in the agricultural sector until innovative software was developed, leading to cloud computing. By simply observing which firms were the first to use the word /news/wp-json/wp/v2/posts/148174/u201ccloud/news/wp-json/wp/v2/posts/148174/u201d in a new context, one could identify who was behind this major innovation./news/wp-json/wp/v2/posts/148174/n
Understanding the Blockchain/news/wp-json/wp/v2/posts/148174/n Before joining Âé¶¹Ó³»´«Ã½ in 2023, Akcora began researching fintech in 2017 as he examined Bitcoin price prediction. He shifted to studying blockchains, such as Ripple and Iota, and investigated network anomalies that could be identified as hacking attempts. Through the research, he identified undisclosed ransomware payments on the Bitcoin blockchain./news/wp-json/wp/v2/posts/148174/n
This multi-year research has now led to Akcora developing a framework that embeds all blockchain addresses, enabling people to search, query and analyze them. Akcora says he hopes to develop a website where a person can view their address and see what has happened on the market regarding cryptocurrency price changes and their implications./news/wp-json/wp/v2/posts/148174/n
Other studies Akcora has worked on, such as his research paper Bitcoin Risk Modeling with Blockchain Graphs, examined how certain sub-graphs called chainlets showed predictive influence on Bitcoin prices and volatility. The research findings showed there would be activity in the blockchain transaction network that would affect the price days later. Specific transaction activity indicates that people are investing in or selling Bitcoins./news/wp-json/wp/v2/posts/148174/nAs the fintech field continues to evolve, Pirinsky and Akcora aim to advance research and talent development for the industry, which Akcora notes is an essential effort since Âé¶¹Ó³»´«Ã½ is one of few universities that offers degrees in the area./news/wp-json/wp/v2/posts/148174/n","protected":false},"excerpt":{"rendered":"
The emerging fintech program is allowing students and faculty to conduct key research that positions Âé¶¹Ó³»´«Ã½ as a leader in the new financial landscape./news/wp-json/wp/v2/posts/148174/n","protected":false},"author":8692,"featured_media":148179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"lazy_load_responsive_images_disabled":false,"footnotes":"","_links_to":"","_links_to_target":"","_wp_rev_ctl_limit":""},"categories":[5,24],"tags":[54730,7309,973,54731,54634,15761],"tu_author":[],"class_list":["post-148174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colleges","category-science-technology","tag-christo-pirinsky","tag-college-of-business","tag-college-of-engineering-and-computer-science","tag-cuneyt-akcora","tag-fintech","tag-pegasus-briefs"],"yoast_head":"/news/wp-json/wp/v2/posts/148174/n
Âé¶¹Ó³»´«Ã½ Prepares Next Generation Through Fintech Program | Âé¶¹Ó³»´«Ã½ News/news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n/news/wp-json/wp/v2/posts/148174/t /news/wp-json/wp/v2/posts/148174/n/news/wp-json/wp/v2/posts/148174/t /news/wp-json/wp/v2/posts/148174/n/news/wp-json/wp/v2/posts/148174/t /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n /news/wp-json/wp/v2/posts/148174/n/news/wp-json/wp/v2/posts/148174/t /news/wp-json/wp/v2/posts/148174/n/news/wp-json/wp/v2/posts/148174/t /news/wp-json/wp/v2/posts/148174/n/news/wp-json/wp/v2/posts/148174/t /news/wp-json/wp/v2/posts/148174/n