In a number of countries one observes a steady decline in defined benefits pensions schemes, public or private, funded or unfunded, and a simultaneous expansion of defined contributions plans. One of the consequences of this trend is to deprive individuals at the time of their retirement from the benefit of collective annuitization. Collective annuities can be distinguished from individual ones...

The rapid expansion of Internet based services has created opportunities for ICT firms to collect and use, in an unauthorized way, information about individuals (e.g. customers, partners, employees etc.). Therefore, privacy issues are becoming increasingly important. In this paper we model the risk that an IT firm is exposed to, as a result of potential privacy violation incidents. The proposed...

We provide a simple proof of the equivalence between ex ante and ex post budget balance constraints in Bayesian mechanism design with independent types when participation decisions are made at the interim stage. The result is given an interpretation in terms of efficient allocation of risk. We thank Yoram Halevy, Martin Hellwig, Mike Peters, Phil Reny and Larry Samuelson for comments and helpfu...

According to the World Bank’s Global Findex database, about 1.7 billion adults were unbanked in 2017, which means that they lacked an account with a formal financial institution or mobile money provider. Most of population is developing countries. In South Sudan, for instance, only 9% had bank account. Similarly, 70% Latin America underbanked (Rojas-Torres, Kshetri, Hanafi, & Kouki, 2021). Like...

In present digital era, data science techniques exploit artificial intelligence (AI) who start and run small medium-sized enterprises (SMEs) to have an impact develop their businesses. Data integrates the conventions of econometrics with technological elements science. It make use machine learning (ML), predictive prescriptive analytics effectively understand financial solve related problems. S...

An artificial intelligence integrated application model of supply chain financial risk assessment is constructed. Based on the data and listed companies in China’s new energy electric vehicle industry, credit evaluation index system The samples are preprocessed by PCA as input support vector machine, which effectively solves problem high-dimensional finance. By improving inertia weight particle...