Related papers: On the Module of Internet Banking System
Today web is the best medium of communication in modern business. Many companies are redefining their business strategies to improve the business output. Business over internet provides the opportunity to customers and partners where their…
In this document we introduce a system model as the basis for a semantic model for UML 2.0. The system model is supposed to form the core and foundation of the UML semantics definition. For that purpose the basic system is targeted towards…
Large Language Models (LLMs) have quickly risen to prominence due to their ability to perform at or close to the state-of-the-art in a variety of fields while handling natural language. An important field of research is the application of…
With the development of Internet technology, the Web is becoming more and more important in our lives so that it has even become an essential element. The application of the Web has never been limited to computers; it has been opened to all…
The financial market is a complex dynamical system composed of a large variety of intricate relationships between several entities, such as banks, corporations and institutions. At the heart of the system lies the stock exchange mechanism,…
The fourth industrial revolution promotes the integration of Information Technology (IT) and strategic resources. New IT demands and uses have been leading to changes in business processes and corporate governance. Lately, the financial…
Instead of a monolithic programming language trying to cover all features of interest, some programming systems are designed by combining together simpler languages that cooperate to cover the same feature space. This can improve usability…
Despite its great importance, modern network infrastructure is remarkable for the lack of rigor in its engineering. The Internet which began as a research experiment was never designed to handle the users and applications it hosts today.…
The Internet infrastructure is severely stressed. Rapidly growing overheads associated with the primary function of the Internet---routing information packets between any two computers in the world---cause concerns among Internet experts…
This paper explores the dual impact of digital banks and alternative lenders on financial inclusion and the regulatory challenges posed by their business models. It discusses the integration of digital platforms, machine learning (ML), and…
This paper presents a comprehensive overview of model validation practices and advancement in the banking industry based on the experience of managing Model Risk Management (MRM) since the inception of regulatory guidance SR11-7/OCC11-12…
Financial institutions of all sizes are increasingly adopting Large Language Models (LLMs) to enhance credit assessments, deliver personalized client advisory services, and automate various language-intensive processes. However, effectively…
When developing a safety-critical system it is essential to obtain an assessment of different design alternatives. In particular, an early safety assessment of the architectural design of a system is desirable. In spite of the plethora of…
Sustainable financial markets play an important role in the functioning of human society. Still, the detection and prediction of risk in financial markets remain challenging and draw much attention from the scientific community. Here we…
Large Language Models (LLMs) are a powerful technology that augment human skill to create new opportunities, akin to the development of steam engines and the internet. However, LLMs come with a high cost. They require significant computing…
When looking through the proceedings of the recent Simulation Interoperability Workshops, a lot of papers - some of them even awarded by the committee - are dealing with alternative concepts outside or beyond the High Level Architecture…
Designing a financial market that works well is very important for developing and maintaining an advanced economy, but is not easy because changing detailed rules, even ones that seem trivial, sometimes causes unexpected large impacts and…
Robust optimization is concerned with constructing solutions that remain feasible also when a limited number of resources is removed from the solution. Most studies of robust combinatorial optimization to date made the assumption that every…
Artificial Intelligence (AI) / Machine Learning (ML)-based systems are widely sought-after commercial solutions that can automate and augment core business services. Intelligent systems can improve the quality of services offered and…
Large language models are redefining software engineering by implementing AI-powered techniques throughout the whole software development process, including requirement gathering, software architecture, code generation, testing, and…