University of Maryland professor Louiqa Raschid and University of Michigan professor H.V. Jagadish recently co-organized the Next-Generation Financial Cyberinfrastructure Workshop, which drew participants from academia, industry, and government to consider the need for a new financial cyberinfrastructure and to discuss common computing research challenges.
Raschid and Jagadish say participants discussed the technology challenges that arise when the financial sector tries to advance the computing field in areas such as semantic technologies, data management, information extraction from natural language text, network analysis, social media analysis, and intelligent agents. The participants also discussed the development of a legal entity identifier (LEI) to recognize organizations that can engage in financial interaction on an international level. The LEI can create networks of organizations, including their subsidiaries and partners, enabling them to overlay financial contracts, streams of payments, and fund transfers.
The participants also discussed human language technologies, such as entity extraction and entity resolution from text documents, which have reached a high level of maturity in the last 10 years.
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