Big Data and Artificial Intelligence in Digital Finance

This open access book presents how cutting-edge digital technologies like Big Data, Machine Learning, Artificial Intelligence (AI), and Blockchain are set to disrupt the financial sector. The book illustrates how recent advances in these technologies facilitate banks, FinTech, and financial institutions to collect, process, analyze, and fully leverage the very large amounts of data that are nowadays produced and exchanged in the sector. To this end, the book also describes some more the most popular Big Data, AI and Blockchain applications in the sector, including novel applications in the areas of Know Your Customer (KYC), Personalized Wealth Management and Asset Management, Portfolio Risk Assessment, as well as variety of novel Usage-based Insurance applications based on Internet-of-Things data. Most of the presented applications have been developed, deployed and validated in real-life digital finance settings in the context of the European Commission funded INFINITECH project, which is a flagship innovation initiative for Big Data and AI in digital finance. This book is ideal for researchers and practitioners in Big Data, AI, banking and digital finance

Big Data and Artificial Intelligence in Digital Finance

This open access book presents how cutting-edge digital technologies like Big Data, Machine Learning, Artificial Intelligence (AI), and Blockchain are set to disrupt the financial sector. The book illustrates how recent advances in these technologies facilitate banks, FinTech, and financial institutions to collect, process, analyze, and fully leverage the very large amounts of data that are nowadays produced and exchanged in the sector. To this end, the book also describes some more the most popular Big Data, AI and Blockchain applications in the sector, including novel applications in the areas of Know Your Customer (KYC), Personalized Wealth Management and Asset Management, Portfolio Risk Assessment, as well as variety of novel Usage-based Insurance applications based on Internet-of-Things data. Most of the presented applications have been developed, deployed and validated in real-life digital finance settings in the context of the European Commission funded INFINITECH project, which is a flagship innovation initiative for Big Data and AI in digital finance. This book is ideal for researchers and practitioners in Big Data, AI, banking and digital finance

A pattern language for evolution reuse in component-based software architectures

Context: Modern software systems are prone to a continuous evolution under frequently varying requirements and changes in operational environments. Architecture-Centric Software Evolution (ACSE) enables changes in a system’s structure and behaviour while maintaining a global view of the software to address evolution-centric trade-offs. Lehman’s law of continuing change demands for long-living and continuously evolving architectures to prolong the productive life and economic value of software. Also some industrial research shows that evolution reuse can save approximately 40% effort of change implementation in ACSE process. However, a systematic review of existing research suggests a lack of solution(s) to support a continuous integration of reuse knowledge in ACSE process to promote evolution-off-the-shelf in software architectures. Objectives: We aim to unify the concepts of software repository mining and software evolution to discover evolution-reuse knowledge that can be shared and reused to guide ACSE. Method: We exploit repository mining techniques (also architecture change mining) that investigates architecture change logs to discover change operationalisation and patterns. We apply software evolution concepts (also architecture change execution) to support pattern-driven reuse in ACSE. Architecture change patterns support composition and application of a pattern language that exploits patterns and their relations to express evolution-reuse knowledge. Pattern language composition is enabled with a continuous discovery of patterns from architecture change logs and formalising relations among discovered patterns. Pattern language application is supported with an incremental selection and application of patterns to achieve reuse in ACSE. The novelty of the research lies with a framework PatEvol that supports a round-trip approach for a continuous acquisition (mining) and application (execution) of reuse knowledge to enable ACSE. Prototype support enables customisation and (semi-) automation for the evolution process. Results: We evaluated the results based on the ISO/IEC 9126 - 1 quality model and a case study based validation of the architecture change mining and change execution processes. We observe consistency and reusability of change support with pattern-driven architecture evolution. Change patterns support efficiency for architecture evolution process but lack a fine-granular change implementation. A critical challenge lies with the selection of appropriate patterns to form a pattern language during evolution. Conclusions: The pattern language itself continuously evolves with an incremental discovery of new patterns from change logs over time. A systematic identification and resolution of change anti-patterns define the scope for future research

Applications of agent architectures to decision support in distributed simulation and training systems

This work develops the approach and presents the results of a new model for applying intelligent agents to complex distributed interactive simulation for command and control. In the framework of tactical command, control communications, computers and intelligence (C4I), software agents provide a novel approach for efficient decision support and distributed interactive mission training. An agent-based architecture for decision support is designed, implemented and is applied in a distributed interactive simulation to significantly enhance the command and control training during simulated exercises. The architecture is based on monitoring, evaluation, and advice agents, which cooperate to provide alternatives to the dec ision-maker in a time and resource constrained environment. The architecture is implemented and tested within the context of an AWACS Weapons Director trainer tool. The foundation of the work required a wide range of preliminary research topics to be covered, including real-time systems, resource allocation, agent-based computing, decision support systems, and distributed interactive simulations. The major contribution of our work is the construction of a multi-agent architecture and its application to an operational decision support system for command and control interactive simulation. The architectural design for the multi-agent system was drafted in the first stage of the work. In the next stage rules of engagement, objective and cost functions were determined in the AWACS (Airforce command and control) decision support domain. Finally, the multi-agent architecture was implemented and evaluated inside a distributed interactive simulation test-bed for AWACS Vv\u27Ds. The evaluation process combined individual and team use of the decision support system to improve the performance results of WD trainees. The decision support system is designed and implemented a distributed architecture for performance-oriented management of software agents. The approach provides new agent interaction protocols and utilizes agent performance monitoring and remote synchronization mechanisms. This multi-agent architecture enables direct and indirect agent communication as well as dynamic hierarchical agent coordination. Inter-agent communications use predefined interfaces, protocols, and open channels with specified ontology and semantics. Services can be requested and responses with results received over such communication modes. Both traditional (functional) parameters and nonfunctional (e.g. QoS, deadline, etc.) requirements and captured in service requests

Query Processing in Self-Profiling Composable Peer-to-Peer Mediator Databases

Integration of multiple heterogeneous sources is crucial for efficient sharing and reuse of distributed data. An architecture for scalable data integration of many autonomous data sources is presented. In the architecture peer-to-peer (P2P) mediators can be defined in terms of each other through object-oriented (OO) views. Query processing with scalable performance is important to make such an architecture useful in practice. The focus of the described doctoral thesis is on query processing techniques in a composable P2P mediator architecture. Through distributed selective view expansion mediator peers are treated as 'greyboxes ' with varying level of transparency. This allows to balance between compilation time and query execution plan (QEP) quality for good overall performance. Self-profiling integrated with the query processor allows for the implementation of adaptive query processing techniques. Adaptive rebalancing of distributed QEPs based on the self-profiling capability of the optimizer detects and re-optimizes sub-optimal QEPs. The proposed P2P mediator architecture and some of the query processing techniques are implemented in the AMOS II mediator system

Towards Interoperable Research Infrastructures for Environmental and Earth Sciences

This open access book summarises the latest developments on data management in the EU H2020 ENVRIplus project, which brought together more than 20 environmental and Earth science research infrastructures into a single community. It provides readers with a systematic overview of the common challenges faced by research infrastructures and how a ‘reference model guided’ engineering approach can be used to achieve greater interoperability among such infrastructures in the environmental and earth sciences. The 20 contributions in this book are structured in 5 parts on the design, development, deployment, operation and use of research infrastructures. Part one provides an overview of the state of the art of research infrastructure and relevant e-Infrastructure technologies, part two discusses the reference model guided engineering approach, the third part presents the software and tools developed for common data management challenges, the fourth part demonstrates the software via several use cases, and the last part discusses the sustainability and future directions