Fostering the future of finance
through conversations and collaborations
between academics and practitioners.
Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Session Overview | |
Location: Aida Conference hall Meeting hall “Aida”, which can accommodate up to 180 people |
Date: Monday, 25/Aug/2025 | |
2:00pm - 2:30pm | Welcome: Welcome, introduction and housekeeping Location: Aida Conference hall Moderator: David Stolin |
2:30pm - 3:00pm | Keynote 1: Keynote: "Lessons from fintech-academic collaborations" Location: Aida Conference hall Moderator: Antonio Gargano |
3:00pm - 3:30pm | Plen. panel 1: Plenary panel: "Bridging the gap between innovators and scholars in finance" Location: Aida Conference hall Moderator: David Stolin Panelist: Antonio Gargano Panelist: Tibor Zavadil |
4:00pm - 4:30pm | Plen. pres. 1: Plenary presentation: "Animal spirits on steroids: Evidence from retail options trading" Location: Aida Conference hall |
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Animal Spirits on Steroids: Evidence from Retail Options Trading in India 1Georgia State University, United States of America; 2Indian Institute of Management Bangalore; 3John Hopkins University; 4Lehigh University We analyze a market-wide panel dataset on retail option trading from India, which has an 80% share in option contracts traded worldwide. Retail participation is concentrated in and dominates index options trading. Traders exhibit short-term speculative behavior with significant day trading, short-duration directional bets, especially as options converge to 0DTE, and make significant losses. Three natural experiments show that financial constraints and lottery-like preferences shape investor behavior. An exogenous increase in the supply of short-maturity options induces trading. Lot-size increases and delivery margins trying to curb speculation are offset by speculative shifts to small ticket-size, riskier options. While stock market participation increases welfare in canonical household finance models, it can also entrench speculative behavior that is difficult to undo. |
4:30pm - 5:00pm | Plen. pres. 2: Plenary presentation: "Digital transmission of financial knowledge: Evidence from stock market investment" Location: Aida Conference hall |
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Digital Transmission of Financial Knowledge: Evidence from Stock Market Investment 1SUSTech Business School,; 2Bank of International Settlement; 3Shanghai University of Finance and Economics,; 4NUS business school and SUSTech Business School We study digital platforms’ transmission of financial knowledge and their effects on |
5:00pm - 5:30pm | Plen. sp. panel: Plenary panel: "Behavioral science and ethical banking" Location: Aida Conference hall Moderator: Andra Sonea Panelist: Ben Goldin Panelist: Jakub Wieclaw Panelist: Nagpurnanand Prabhala Panelist: Bernard Yeung |
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Panel: The Behaviour Science and Ethical Banking Plumery B.V., Netherlands, The Despite the rise of financial apps and digital platforms, millions of people still struggle to save, budget, and make informed financial decisions. Why? Because money isn't just math - it's emotion, habit, and human bias. This panel explores the powerful intersection of behavioral economics and modern banking technology, drawing on insights from researchers and real-world innovations in digital finance. Bringing together banking technologists and behavioral scientists, we’ll dive into the psychological barriers to good financial behavior - from procrastination and present bias to overconfidence and friction. We’ll examine how banks can ethically use nudges, gamification, personalization, and behavioral design to help consumers spend more mindfully, save more consistently, and make financial decisions that support long-term well-being. |
7:00pm - 7:30pm | Keynote 2: Keynote: "Why finance needs its own brand of leadership" Location: Aida Conference hall Moderator: Emilia Bunea |
7:30pm - 8:00pm | Plen. panel 2: Plenary panel: "Humans in finance" Location: Aida Conference hall Moderator: David Stolin Panelist: Vikas Agarwal Panelist: Emilia Bunea |
8:00pm - 8:30pm | Debrief - Monday: Announcements, housekeeping, reflections Location: Aida Conference hall |
Date: Tuesday, 26/Aug/2025 | |
9:00am - 9:30am | Session 1.01: Parallel session Location: Aida Conference hall |
9:30am - 10:00am | Session 1.02: Parallel session Location: Aida Conference hall some detail abstract |
10:00am - 10:30am | Session 1.03: Parallel session Location: Aida Conference hall |
11:00am - 11:30am | Session 1.04: Parallel session Location: Aida Conference hall |
11:30am - 12:00pm | Session 1.05: Parallel session Location: Aida Conference hall |
12:00pm - 12:30pm | Session 1.06: Parallel session Location: Aida Conference hall |
2:00pm - 2:30pm | Session 1.07: Workshop: EU COST programme application Location: Aida Conference hall For those interested in joining a digital finance-related application for EU funded "Cooperation in Science Technology" programme. |
2:30pm - 3:00pm | Session 1.08: Workshop: EU COST programme application Location: Aida Conference hall For those interested in joining a digital finance-related application for EU funded "Cooperation in Science Technology" programme. |
3:00pm - 3:30pm | Session 1.09: Workshop: EU COST programme application Location: Aida Conference hall For those interested in joining a digital finance-related application for EU funded "Cooperation in Science Technology" programme. |
4:00pm - 4:30pm | Session 1.10: COST Action application Location: Aida Conference hall |
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COST Action application Rennes School of Business, France "The European Network for Contemporary Risk and Polycrisis Study" (POLYCRISES) Action aims to address interconnected European risks (especially in the post-war EU) through an interdisciplinary approach, focusing on technological, environmental, economic, social, and policy-related challenges. The concept of polycrisis describes multiple, interacting crises that exacerbate each other, including climate change, geopolitical conflicts, and technological risks. This complex landscape calls for integrated solutions to mitigate cascading effects. The Action also aims to enhance socioeconomic resilience by informing economic policy, supporting social cohesion, and strengthening infrastructure against environmental and energy challenges. These objectives aligns well with existing and recent European research and policy initiatives. The Action also aims to contribute to the body of knowledge on contemporary risks, advancing our understanding and consolidating scattered research. Five WGs will focus on specific risk areas, each tasked with developing tools, policies, and frameworks that address their unique challenges: WG1: Digital Technology Risk (technological risks such as AI, blockchain, quantum computing, and cybersecurity strategies). WG2: Climate Change & Energy Diversification Risk (risks and opportunities of green energy, especially post-Russian-Ukrainian war). WG3: Economic/Finance Risk (economic and finance risks caused by geopolitical tensions, trade disputes, and financial uncertainties in the common market). WG4: Social Risk (global mobility, migration, inequality, and digital communication risks) WG5: Policy Risk (establish synergies among WGs, focusing on policy implications to address global and European risks) By bridging silos in research and policy, POLYCRISES aims to build a more resilient EU capable of adapting to evolving threats and achieving sustainable development goals. |
4:30pm - 5:00pm | Session 1.11: Parallel session Location: Aida Conference hall |
5:00pm - 5:30pm | Session 1.12: Parallel session Location: Aida Conference hall |
7:00pm - 7:30pm | Keynote 3: Keynote: "The promise of digital finance: Greater transparency, enhanced efficiency, and more effective and less burdensome regulation" Location: Aida Conference hall Moderator: Allan Mendelowitz |
7:30pm - 8:00pm | Plen. panel 3: Plenary panel: "Finance for the common good" Location: Aida Conference hall Moderator: David Stolin Panelist: Vladimir Atanasov Panelist: Virginija Gecaite Panelist: Briana Marbury Panelist: Allan Mendelowitz |
8:00pm - 8:30pm | Debrief - Tuesday: Announcements, housekeeping, reflections Location: Aida Conference hall |
Date: Wednesday, 27/Aug/2025 | |
9:00am - 9:30am | Session 1.13: Pacioli in the computer age Location: Aida Conference hall |
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Pacioli in the computer age Ariadne, Switzerland Luca Pacioli, a friend and contemporary of Leonardo da Vinci, is generally considered to be the father of modern accounting. In this paper, Willi Brammertz and Allan I. Mendelowitz of the ACTUS Users Association and ACTUS Financial Research Foundation argue that Pacioli more than 500 years ago proposed a solution for the long-standing data and IT problems that financial institutions are facing today. |
9:30am - 10:00am | Session 1.14: Certainty, Risk and Uncertainty in Finance Location: Aida Conference hall |
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Certainty, Risk and Uncertainty in Finance Ariadne, Switzerland Academics and practitioners of finance have focused their work on understanding risk and uncertainty. In the process they have neither recognized nor given attention to the existence of certainty. Certainty exists in finance in the form of the core building blocks of finance – individual financial contracts. Such contracts represent the explicit agreements between counterparties to exchange specific payments (which we refer to as “Cash Flows”). In fact, the consequences of financial risk and uncertainty are only quantifiable to the extent that they alter the promised cash flows defined by a financial contract. This paper: 1) develops the logic behind an explicit recognition of certainty in finance; 2) provides the vehicle for capturing and preserving certainty in finance in the form of an algorithmic financial contract standard, such as the ACTUS Financial Contract Standard; 3) explains how to operationalize the algorithmic financial contract standard in the form of a software implementation that preserves certainty in all operational and analytical activities of a financial institution; and 4) explores the potential benefits in analytical insight, quality, and internal operational efficiency that a financial institution can achieve by acknowledging certainty and leveraging a widely adopted algorithmic financial contract standard; 5) increases the accuracy and reliability of interbank transactions and data sharing. Significant additional benefits can ensue by both reducing the cost and burden of regulatory reporting and enhancing the value of the data and analytics the regulators receive from and provide to the banks. |
10:00am - 10:30am | Session 1.15: Panel: "Standardizing financial contracts" Location: Aida Conference hall Moderator: Allan Mendelowitz Panelist: Willi Brammertz |
11:00am - 11:30am | Session 1.16: Parallel session Location: Aida Conference hall |
11:30am - 12:00pm | Session 1.17: Parallel session Location: Aida Conference hall |
12:00pm - 12:30pm | Session 1.18: Parallel session Location: Aida Conference hall |
2:00pm - 2:30pm | Session 1.19: Parallel session Location: Aida Conference hall |
2:30pm - 3:00pm | Session 1.20: Parallel session Location: Aida Conference hall |
3:00pm - 3:30pm | Session 1.21: Panel discussion: Financial interoperability Location: Aida Conference hall Moderator: Evelina Kvedaraviciute Panelist: Siddharth Shetty Panelist: Alex Lakatos |
4:00pm - 4:30pm | Session 1.22: Parallel session Location: Aida Conference hall |
4:30pm - 5:00pm | Session 1.23: Parallel session Location: Aida Conference hall |
5:00pm - 5:30pm | Session 1.24: Parallel session Location: Aida Conference hall |
7:00pm - 7:30pm | Keynote 4: Keynote: "What we can learn today about the markets of tomorrow: Crypto, crashes and credible research" Location: Aida Conference hall Moderator: Albert Menkveld |
7:30pm - 8:00pm | Plen. panel 4: Plenary panel: "The future of finance" Location: Aida Conference hall Moderator: David Stolin Panelist: Albert Menkveld Panelist: Allard Luchsinger |
8:00pm - 8:30pm | Debrief - Wednesday: Announcements, housekeeping, reflections Location: Aida Conference hall |
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